T-Mobile Corporate Freestanding Indianapolis IN
AUCTION: T-Mobile Corporate Freestanding | 3,299 SqFt Building | 29,098 SF Land
Marketing description
The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present this corporate-leased T-Mobile asset, being offered unpriced through an auction process scheduled for August 3rd through August 5th.
The property offers investors durable in-place cash flow with current annual rent of $115,465 and a scheduled 5% rent increase in September 2027. The lease structure is double-net, providing for a passive ownership profile with limited landlord responsibilities.
The tenant, T-Mobile USA, Inc., recently extended the lease for one additional year and retains a single One-year option, signaling continued operational commitment while simultaneously creating a compelling near-term repositioning or mark-to-market opportunity for a future owner.
Strategically located along US Highway 31 South, the property benefits from excellent visibility and access, with traffic counts exceeding 37,000 vehicles per day. The site sits within a highly active retail corridor anchored by top national brands and supported by over 31 million annual visits within a 1.5-mile radius. Immediate proximity to major automotive dealerships further reinforces consistent daily traffic to the area.
Originally a Sprint location, the property was fully renovated in 2022 at the tenant’s expense following the T-Mobile/Sprint merger, demonstrating continued investment in the site. Additionally, recent capital improvements, including HVAC upgrades, further enhance the asset’s condition.
This offering combines strong corporate credit, proven site performance, and a dense infill retail location, making it well-suited for investors seeking stable income today with embedded upside through the upcoming lease rollover.
Investment highlights
AUGUST 3RD–5TH AUCTION | CORPORATE T-MOBILE – STRONG IN-PLACE CASH FLOW | UNPRICED
• Corporate Lease With T-Mobile USA, Inc. (NASDAQ: TMUS) – Second-Largest Wireless Carrier in the U.S. With 130+ Million Subscribers
• Current Scheduled Rent: $115,465 Annually With a 5% Increase in September 2027
• Limited Remaining Term With One (1) Year Remaining Plus One (1) One-Year Option – Creates Near-Term Mark-to-Market Opportunity
• Proven Location – Ranked in the Top 78% of All Cell Phone Stores in Indiana (Placer.ai), Demonstrating Consistent Customer Traffic
• Fully Renovated at Tenant’s Expense in 2022 Following Sprint Merger Integration
DOUBLE-NET (NN) LEASE WITH MINIMAL MANAGEMENT
• Fee Simple Ownership (Land & Building)
• Double-Net Lease – Landlord Responsible Only for Roof & Structure
• 10-Year Roof Warranty With Approximately 5 Years Remaining – Reduces Near-Term Capital Exposure
HIGH-TRAFFIC INDIANAPOLIS RETAIL CORRIDOR
• Located Along US Highway 31 South – Over 37,000 Vehicles Per Day
• Positioned Between Two Dominant Retail Nodes Generating Over 31 Million Annual Visits (1.5-Mile Radius)
• Surrounded by National Tenants Including Target, Walmart, Home Depot, Lowe’s, Kohl’s, Dick’s Sporting Goods, TJ Maxx, Marshalls, Ross, JCPenney, and Floor & Decor
• Adjacent to Major Automotive Dealerships Including Toyota, Chevrolet, Kia, and Honda
STRONG DEMOGRAPHICS
• Population: 209,000+ Within 5 Miles
• Households: 85,000+
• Average Household Income: $98,063
- • Dense, Established Trade Area With Strong Consumer Spending Patterns
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