Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
$1,414,000
Cricket Wireless
Details
Property Type Retail
Sub Type Storefront, Electronics
Square Footage 1,878
Cap Rate 7%
NOI $99,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 7
Lease Expiration 09/30/2033
Remaining Term 7
Rent Bumps No
Lease Options N/A
Year Built 1992
Acreage 0.520
Investment Type Net Lease
Tenant Credit Franchisee, Corporate Guarantee
Lease Commencement 10/01/2026
Ground Lease No
New 7-Yr Abs NNN Lease at High Traffic Signalized Location
Marketing description
Cricket Wireless is a prepaid wireless service provider based in Atlanta, Georgia. Cricket offers an easy and high-quality wireless experience on their reliable nationwide network. Cricket is a subsidiary of AT&T Inc. AT&T (NYSE: T) is the world’s largest telecommunications company and the largest provider of mobile telephone services in the U.S.
Odessa is located in Ector County, Texas, with a small section extending into Midland County. The city’s population is estimated at 114,428 people. It is the principal city of the Odessa Metropolitan Statistical Area, which includes all of Ector County.
Investment highlights
- New 7-Year Absolute NNN Lease
- Full Guaranty with Crown Wireless, Inc | 240 Locations
- Signalized Hard Corner Location in a High Traffic Area, Visible by 49,000+ Cars per Day Along W 42nd St and Andrews Hwy
- Adjacent to the Ector County Coliseum, a 42-Acre Complex Hosting Rodeos, Fairs, Trade Shows, Sporting Events, and More for Approximately 400,000 Visitors Annually
- 125,212 Residents within a 5-Mile Radius - Projected to Increase 4%+ by 2030
- Average Household Income Exceeds $91,000 in the Surrounding Area
- Surrounded by National Tenants: McDonald’s, Wendy’s, Dollar General, Whataburger, and More
Listing Contacts
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,000.00
$8,250.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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