Listed by Trinity Real Estate Investment Services
$1,269,400
T-Mobile
Details
Property Type Retail
Sub Type Storefront
Square Footage 2,988
Units 1
Cap Rate 7.25%
NOI $92,030
Occupancy 100%
Tenancy Single
Brand/Tenant Verizon Wireless, AT&T
Lease Type NN
Lease Term 10
Lease Expiration 01/30/2033
Remaining Term 6.7
Rent Bumps Yes
Lease Options Three (3), 5-Year; 10%
Price per SqFt $425
Year Built 1997
Buildings 1
Acreage 0.680
Investment Type Net Lease
Tenant Credit Corporate Guarantee, Credit Rated
Lease Commencement 01/31/2023
Retail | 7.25% CAP | 2,988 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a T-Mobile in Byram, MS. The subject property is directly across from Walmart Supercenter and is close proximity to several apartment complexes.
Property Website: https://trinityreis.com/listing/7370-s-siwell-rd/
In cooperation with Brian Brockman at Bang Realty of Mississippi Inc | MS #21542 | [email protected] | (513) 898-1551
Investment highlights
- Corporately Backed T-Mobile in Byram, MS With 7+ Years Remaining on Current Term
- Attractive 10% Rent Increases in the Option Periods
- Directly Across From Walmart Supercenter and in Close Proximity to Several Apartment Complexes, Ideal for Capturing High Foot Traffic
- Strong Demographics With a 5-Mile Population of Over 31,000 Residents
- Great Visibility Along S Siwell Rd With 29,000+ Vehicles Passing in Front of Subject Property Dailly
- Just 10 Miles From Downtown Jackson, the Capital and Most Populous City in Mississippi
- T-Mobile, One of the Nation’s Largest Wireless Carriers, Serves Over 100 Million Subscribers and Operates a Robust Nationwide 5G Network
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$92,030.00
$7,669.17/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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