Mattress Firm

Mattress Firm Inc. is an American retailing company and mattress store chain founded on July 4, 1986. The headquarters of the company is located in Houston, Texas. On 7 August 2016, it was announced that South African retailer Steinhoff International will buy the company.

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Parent Company: owned by Steinhoff International Holdings
Store Count: 3,500
S&P Rating: N/R
Moody Rating: N/R

Typical Lease Characteristics

Lease Term: 10 – 15 Years  Years

Lease Type: Absolute NNN Lease 

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate and Franchise

Positives:

  • Public Company
  • Typically Long term leases with increases

Negatives:

  • Competitive Industry Sector
  • Susceptible to economic trends and pressures
  • Large spaces make it more challenging to re-tenant

Market Snapshots:

On Market Ranges:

# of Properties in set: 12

Price: $2,236,310 - $3,008,370Average: $2,662,272

PPSF: $450 - $610Average: $537

Year Built: 1983 - 2016Average: 2011

CAP Rate Range: 5.94% - 7.53%Average: 6.91%

Size range: 3,026 sq ft - 10,000 sq ft Average: 5,161 sq ft

Last 12 Month Range:

# of Properties in set: 4

Price: $1,937,010 - $2,613,800Average: $2,333,750

PPSF: $500 - $623Average: $588

Year Built: 2015 - 2017Average: 2016

CAP Rate Range: 6.54% - 8.32%Average: 7.11%

Size range: 3,850 sq ft - 4,000 sq ft Average: 3,963 sq ft

Mattress Firm Company Profile

Headquarters Information

Houston, Texas

Founded in 1986

Company type: Public

Stock Ticker: MFRM

Parent Company: owned by Steinhoff International Holdings

Industry: Retailer

# of Employees: 3,861

S&P Rating: N/R
S&P Rating: N/R

Mattress Firm Stock Keys

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