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Views: 57 DOM: 527 Updated: 08.28.24 Posted: 04.10.23 Status: Active

Summary

Price $1,774,000
Built/Renov 1980/2012
Tenant T-Mobile
Cap Rate 8.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 2,860
Lease Start 11-15-2012
#Units 7,994
Price/SF $620.28
Expiration 11-30-2027
Tenant Type Tel/Cell
NOI $141,893
R. Term 3.2
Ownership Fee Simple
Rent/SF $49.61
Increases 0.0%/0/yrs
Pop 5Mi 348,245
Lot/AC 0.41
Options 0/0yrs
AHHI 5Mi $77,768

Lease Highlights

  • T-Mobile has been operating in this location since 2012
  • Lease has 3+ years remaining with no options to extend
  • Rare T-Mobile lease where the tenant self maintains the property while paying the tax bill and also a 3% property management fee directly to the landlord
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee by T-Mobile US Inc (NASDAQ: TMUS)

Location Description

This T-mobile is strategically located at the corner of S Kingshighway Boulevard and Tholozan Avenue with access to 31,500 vehicles per day. The site is located along the primary north/south thoroughfare serving the city of St. Louis. National/credit tenants in the area include AutoZone, Dollar Tree, Planet Fitness, Starbucks, The Home Depot and many more. The site is also within close...

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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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Kingshighway Blvd Tholozan Ave 2018 14,440 0.04 mi
Pernod Ave Lawn Ave 2009 1,630 0.07 mi
Oleatha Ave Lawn Ave 2002 4,688 0.12 mi
S Kingshighway Blvd Oleatha Ave 2013 29,828 0.14 mi
Chippewa St S Kingshighway Blvd 2005 16,367 0.21 mi
South Kingshighway Boulevard Fairview Ave 2018 19,799 0.22 mi
Chippewa St Lawn Ave 2010 19,178 0.25 mi
S Kingshighway Blvd Chippewa St 2002 21,746 0.26 mi
Chippewa St Alfred Ave 2019 16,504 0.30 mi
Chippewa St Alfred Ave 2013 15,923 0.36 mi

Listing Broker

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