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Views: 44 DOM: 196 Updated: 04.11.24 Posted: 11.03.23 Status: Active

Summary

Price $1,571,000
Built/Renov 2023
Tenant T-Mobile
Cap Rate 7.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 2,000
Lease Start 04-01-2024
#Units 7,994
Price/SF $785.50
Expiration 03-31-2034
Tenant Type Tel/Cell
NOI $110,000
R. Term 9.10
Ownership Fee Simple
Rent/SF $55.00
Increases 10.0%/5/yrs
Pop 5Mi 29,891
Lot/AC 0.91
Options 2/5yrs/10%
AHHI 5Mi $34,419

Lease Highlights

  • Brand-new 2023 construction
  • T-Mobile recently signed a brand-new 10-year lease with 2 (5-year) options to extend
  • Lease features 10% rental increases every 5 years and at the beginning of each option period
  • Landlord responsibilities limited to parking lot, utility systems, and foundation
  • Corporate guarantee by T-Mobile US Inc (NASDAQ: TMUS)

Location Description

T-Mobile is strategically fronting US Highway 45, with excellent visibility and access to 28,000 vehicles passing by daily. The property is conveniently situated across from Magnolia Place, a shopping center that ranks in the top 90% of all strip/convenience centers in the United States, as per Placer. Ai's data. Notably, the shopping center features a Hobby Lobby that is ranked in the top 97%...

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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 is the brand name used by some of the mobile communications subsidiaries of the German telecommunications company Deutsche Telekom. The T-Mobile brand was introduced in 1996 and the name...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,875 16,184 29,367
2023 Total Population : 2,869 16,449 29,891
2023 Employed Civilian Pop : 1,436 6,701 11,925
2023 Total Businesses : 381 1,332 1,691
2023 Average Household Income : $ 84,647 $ 66,237 $ 64,419
2023 Total Consumer Spending : $ 100 M $ 415 M $ 704 M
2023 Median Age : 40 38 39
2023 Total Households : 1,356 7,156 12,513
2023 Pop Age 25+: Bachelor's Degree : 248 1,713 3,342
2023 Average Home Value : $ 192,521 $ 239,369 $ 210,580
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N 18th Ave Old Aberdeen Rd 2006 9,500 0.23 mi
N 18th Ave 2021 2,000 0.26 mi
N 15th Ave N 5th St 2018 20,000 0.29 mi
Hwy 45 N Waverly Rd 2006 26,000 0.30 mi
US Hwy 82 Hwy 45 2006 16,000 0.31 mi
N 16th Ave 2021 2,600 0.31 mi
Old Aberdeen Rd 2021 25,000 0.34 mi
N 18th Ave 2021 4,300 0.36 mi
Lincoln Road Lincoln Rd 2021 2,400 0.37 mi
Hwy 45 N 2021 1,200 0.38 mi

Listing Broker

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