Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$1,050,000
T-Mobile | St. Louis MSA | 10% Rent Increases
Details
Property Type Retail
Sub Type Storefront, Electronics
Square Footage 2,550
Cap Rate 7.65%
NOI $80,325
Occupancy 100%
Tenancy Single
Brand/Tenant T-Mobile
Lease Type NN
Lease Term 10
Lease Expiration 06/30/2033
Remaining Term 7
Rent Bumps Yes
Lease Options 3, 5 Year Options
Year Built 2023
Acreage 0.610
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2023
Ground Lease No
8.42% Cap Rate on July 2028 Increase | Signalized Hard Corner
Marketing description
- 7+ Years Remaining on Lease Term with T-Mobile
- 10% Rental Increases Every 5 Years with Multiple Renewal Options - Cap Rate Increases to 8.42% in 2028
- T-Mobile (NASDAQ: TMUS) is the 2nd-Largest Wireless Carrier in the U.S. with Approximately 6,650 Retail Stores
- Signalized Hard Corner Location with 18,000+ Cars per Day at the Intersection of Franklin Street and 12th Street
- Average Household Income Exceeds $102,000 within a 10-Mile Radius
- Immediate Access to Lake Carlyle, Home to Numerous Campgrounds and Outdoor Recreation
- Close Proximity to National Retailers: Walmart Supercenter, Tractor Supply Co, McDonald’s, Dollar General, CVS, and More
Investment highlights
T-Mobile US, Inc. (NASDAQ: TMUS) is a major American telecommunications company headquartered in Bellevue, Washington, and is the second-largest wireless carrier in the United States by subscriber count.
Carlyle is a city in, and the county seat of, Clinton County, Illinois. Located approximately 50 miles east of St. Louis, Carlyle is home to Illinois’ largest man-made lake, Carlyle Lake, and to the General Dean Suspension Bridge, a suspension bridge that is the only one of its kind in Illinois.
Steven Weinstock – Marcus & Millichap – Broker of Record – [email protected]
Listing Contacts
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,325.00
$6,693.75/mo
Valuation Metrics
0
DSCR
7.65%
Cap Rate
7.65%
ROI
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