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Views: 48 DOM: 69 Updated: 10.15.24 Posted: 09.13.24 Status: Active

Summary

Price $1,748,000
Built/Renov 1995/2024
Tenant T-Mobile
Cap Rate 6.75%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 2,934
Lease Start 11-16-2024
#Units 7,994
Price/SF $595.77
Expiration 11-15-2034
Tenant Type Tel/Cell
NOI $118,005
R. Term 9.12
Ownership Fee Simple
Rent/SF $40.22
Increases 10.0%/5/yrs
Pop 5Mi 69,144
Lot/AC 0.86
Options 2/5yrs/10%
AHHI 5Mi $80,283

Lease Highlights

  • Brand new 10-year lease with 2 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • NN lease | Minimal landlord responsibilities 
  • Corporate guarantee | Investment grade tenant

Location Description

T-Mobile is strategically located on E Liberty Street, with access to 17,800 vehicles passing by daily. The property benefits from its proximity to major commuter routes, including State Highway 161 (16,200 VPD) and State Highway 5 (15,200 VPD). The surrounding area features prominent national retailers such as Food Lion, Walmart Supercenter, Lowe’s, Harbor Freight Tools, AutoZone, and more....

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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 (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...


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Listing Broker

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