loader
Join Free
Zeekin

T-Mobile

1201 Egg Harbor Road, Sturgeon Bay, WI 54235

$909,091

Cap Rate 7.15%

Views: 20 DOM: 37 Updated: 05.05.24 Posted: 04.09.24 Status: Active 04.09.24

Summary

Price $909,091
Built/Renov 2022
Tenant T-Mobile
Cap Rate 7.15%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 2,500
Lease Start 05-01-2022
#Units 7,994
Price/SF $363.64
Expiration 04-30-2032
Tenant Type Tel/Cell
NOI $65,000
R. Term 7.11
Ownership Fee Simple
Rent/SF $26.00
Increases 10.0%/5/yrs
Pop 5Mi 13,109
Lot/AC 1.36
Options 3/5yrs/10%
AHHI 5Mi $91,349

Randy Blankstein
The Boulder Group
Contact

Jimmy Goodman
The Boulder Group
Contact

Lease Highlights

  • New 2022 renovation features state-of-the-art design with high-quality materials
  • T-Mobile has 8 years remaining on primary term with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years and at the beginning of each option period
  • Corporate guarantee (NASDAQ: TMUS)
  • Investment grade tenant (S&P: BBB)

Location Description

T-Mobile is strategically located along Egg Harbor Rd which averages over 8,000 vehicles per day. The subject property is directly across the street from Cherry Point Mall, a 134,000 SF regional mall anchored by Anytime Fitness, Dollar Tree, Dunham’s Sports, Shoe Sensation, T.J. Maxx, and more. Other nearby national/credit tenants include Walmart Supercenter, CVS Pharmacy, Target, Walgreens,...

...

Key Features

  • Recent renovation

  • Major thoroughfare

  • Dense retail corridor

  • Highway close

  • Affluent suburb location

  • Major MSA

  • Brand new lease

  • Long 10+ yr lease

  • Traded and rated company

  • Over 2000 units backed

    • ...

Links

T-Mobile Wikipedia T-Mobile Wikipedia Sturgeon Bay, Wisconsin Zip Code 54235 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: T-Mobile
  • Guarantor:Corp T and Rated
  • Company:T-Mobile US Inc
  • # Units:7,994
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NASDAQ: TMUS

About Tenant

T-Mobile (NASDAQ: TMUS) is the brand name used by some of the mobile communications subsidiaries of the German telecommunications company Deutsche Telekom. The company provides mobile wireless...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,081 11,038 13,134
2023 Total Population : 5,036 11,015 13,109
2023 Employed Civilian Pop : 2,887 6,472 7,617
2023 Total Businesses : 340 849 961
2023 Average Household Income : $ 81,285 $ 87,870 $ 91,349
2023 Total Consumer Spending : $ 174 M $ 413 M $ 504 M
2023 Median Age : 46 48 50
2023 Total Households : 2,450 5,389 6,326
2023 Pop Age 25+: Bachelor's Degree : 766 1,714 2,122
2023 Average Home Value : $ 268,502 $ 275,649 $ 290,893
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N 14th Ave Egg Harbor Rd 2003 3,500 0.13 mi
N 14th Ave Egg Harbor Rd 2009 4,400 0.21 mi
Egg Harbor Rd N 14th Ave 2018 6,800 0.21 mi
Egg Harbor Rd Alabama St 2018 6,600 0.40 mi
Egg Harbor Rd N 8th Ave 2018 8,600 0.40 mi
N 8th Ave Erie St 2015 2,100 0.42 mi
Delaware St N 8th Ave 2009 980 0.43 mi
Alabama St N 18th Ave 2018 1,500 0.60 mi
N 18th Ave Alabama St 2003 2,100 0.63 mi
Alabama St N 18th Ave 2015 2,000 0.71 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

Company

NEWSLETTER SIGN UP

Subscribe

© COPYRIGHT 2023 NET-TRADE. ALL RIGHTS RESERVED.

TERMS OF USE PRIVACY POLICY
my activity