How will Mattress Firm fare in our dual-tenant location?
Does anyone know what kind of financial condition Mattress Firm is in?   They are owned by a conglomerate from Germany, South Africa, so their particular financials ((MF) are eluding me.  

We have a NNN lease with them, next to a Chipotle, same building.  The building is an outpad to a Costco.   Built new in 2017.  

During their bankruptcy, they closed 2 other locations within a mile of our building.   We are assuming it’s due to hard stoplight corner, endcap visibility, etc.  

We’re just trying to look ahead.  

TIA!
[{"id": "iedyagq", "text": "https://www.retaildive.com/news/9-things-you-should-know-about-mattress-firms-ipo-filing/617629/\n\nThink they were always a scam to sell overpriced real estate. There were several big lawsuits over inflated rent numbers.", "replies": [], "depth": 1}, {"id": "iee1htc", "text": "High margin and low sales volume sounds good to me. They can always lower prices, increase sales/volume and still make a profit. Sounds like solid business. The other stores closed but not this one. That's a good thing.", "replies": [], "depth": 1}, {"id": "iefcq3e", "text": "I would start looking for a new tenant", "replies": [], "depth": 1}, {"id": "ieffklu", "text": "How long is the lease and did they provide any corporate guaranty?\nDoesn\u2019t look like they\u2019re investment grade, and with higher probability of default, it makes sense to start reserving TI/LC\u2019s for a new tenant.", "replies": [], "depth": 1}]