Mattress stores

[Ganesh S.]

Hi Everyone

I am considering an investment NNN retail space, where one of the tenants is a Mattress store franchise. The franchisee has 5+ locations, in a geographical area, and has been in business for last 10 years.. I am curious typically how successfull these stores and what kind of revenue would each store generate. We have close to 4K sqft for this tenant, and with that kind of space and very good demographics of $100K+ income neighborhood, what would be your guess for the NOI for their business? I am trying to figure out how successful they need to be in order for us to have a stable tenant.

Any data points? Appreciate your input

Thanks

GS