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Views: 111 DOM: 315 Updated: 10.30.24 Posted: 01.11.24 Status: Active

Summary

Price $1,148,079
Built/Renov 2023
Tenant T-Mobile
Cap Rate 7.55%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 2,200
Lease Start 10-01-2023
#Units 7,994
Price/SF $521.85
Expiration 09-30-2033
Tenant Type Tel/Cell
NOI $86,680
R. Term 8.10
Ownership Fee Simple
Rent/SF $39.40
Increases 6.0%/6/yrs
Pop 5Mi 19,440
Lot/AC 0.53
Options 3/5yrs/10%
AHHI 5Mi $56,367

Lease Highlights

  • Brand-new 2023 construction
  • T-Mobile has 8+ years remaining on the current lease term with 3 (5-year) options to extend
  • Lease features 6% rental increases at the start of year 6 and 10% at the beginning of each option
  • Corporate guarantee | Investment grade tenant

Location Description

T-Mobile is strategically located on West McCord Street/Hwy 161, with access to 7,927 vehicles passing by daily. The property is conveniently positioned near the signalized intersection with W. Broadway and is adjacent to Sergio’s Mexican Restaurant. In the immediate vicinity, there are well-known national tenants, including Walmart, Verizon, ALDI, AutoZone, McDonald’s, Dollar Tree, 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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,141 14,834 18,439
2023 Total Population : 2,192 15,112 18,720
2023 Employed Civilian Pop : 778 5,264 6,731
2023 Total Businesses : 135 625 715
2023 Average Household Income : $ 62,624 $ 62,542 $ 65,363
2023 Total Consumer Spending : $ 57 M $ 332 M $ 436 M
2023 Median Age : 46 41 42
2023 Total Households : 1,035 5,989 7,549
2023 Pop Age 25+: Bachelor's Degree : 176 1,025 1,362
2023 Average Home Value : $ 99,246 $ 99,296 $ 114,251
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W McCord St Jolliff Bridge Rd 2011 8,500 0.03 mi
West McCord Street W Mc Cord 2018 1,200 0.07 mi
W Broadway Adrienne Dr 2018 4,350 0.07 mi
IL 161 Jolliff Bridge Rd 2021 7,800 0.11 mi
W McCord St Woodlawn Trailer Park 2011 8,400 0.20 mi
Buena Vista Ter W Broadway 2007 450 0.26 mi
W Broadway Adrienne Dr 2018 5,500 0.26 mi
W McCord St Buena Vista Ter 2011 8,850 0.27 mi
Randolph Dr Ruth Ann Dr 2008 1,000 0.27 mi
Jolliff Bridge Road W McCord St 2015 625 0.32 mi

Listing Broker

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