T-Mobile
Retail | 5.39% CAP | 2,700 SqFt
Marketing description
NNN Pro is pleased to present the exclusive listing for a T-Mobile located at 2540 Commercial Drive, Starke, FL 32091 . The site consists of roughly 2,700 rentable square feet of building space on an estimated 0.72-acre parcel of land. This T-Mobile is subject to a 10-year Double Net (NN) lease, which commenced 12/1/2021. The current annual rent is $115,830 and has scheduled increases of 10.00% every 5 years.
Investment highlights
High Traffic Location on Signalized Corner and Strong Visibility | Large signage with great visibility and access from the main road, which boasts average traffic counts of 33,000. Site is situated on the entrance way to Walmart.
5.5+ Years Remaining on Lease with Three (3) - Five (5) Year Options | Original Lease Term was 10 years which commenced in December 2021 upon site construction completion.
Corporate Guarantee - Investment Grade Credit Tenant (S&P: BBB, Fitch: BBB+) | Lease Corporately Guaranteed by T-Mobile, America's largest, fastest and most reliable 5G network.
Attractive Rental Increases | Ten Percent (10%) Every Five (5) Years Also Throughout Options.
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