Sleep Number
Corporate STNL Investment – Sleep Number (NASDAQ: SNBR)
- Over 8.5 Lease Yrs. Remaining – 2, 5 Yr. Options – 10% Rental Increases Every 5 Yrs.
- Inflation Hedge – 10% Rental Increases Every 5 Years Including Options
(Next Increase: 4/1/2026) - Sleep Number – Over 650 Locations – 2021 Net Sales Of $2.18 Billion
- Minimal Landlord Responsibilities – Landlord Responsible for Roof & Structure Only
- Excellent Site Fundamentals – 3,070 SF Building on 0.87-Acre Lot
- A+ Location – Outparcel to Waterfront Open Air Regional Center
- At the Entrance to the 1.3 million SF mixed-use Waterfront Shopping Center
- Outparcel Directly in Front of Target and Adjacent to Chick Fil A and McDonalds
- Additional Surrounding Tenants: Chick Fil A, Lowes, Giant Eagle Supermarket, Marshalls, TJ Maxx, Ross Dress for Less, Costco, Dave & Buster’s, AMC Theater, McDonald’s, ALDI, Visionworks, PF Chang’s, Walgreens and More
- Seven Miles Southeast of Downtown Pittsburg
- Dense Infill Location – 328,400+ Residents within a 5 Mile Radius
- High Income trade Area: Average HHI Exceeds $94,000 within 3 Mile Radius