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T-Mobile, Greenville, MS

T-Mobile

Greenville, MS

Price $2,117,000
Cap Rate 6.00%
NOI $127,000
Lease Term 10 Years
Lease Type Net, With Tenant Responsible For All Taxes, Insurance, And Maintenance
Rental Increases 10% Rental Increases Every 5 Years
Year Built 2021
Building Size 3,838 SF
Lot Size 1.148 acres (50,006 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Scott Crowle
Executive Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NET LEASE TO GROWING NATIONAL RETAILER IN MISSISSIPPI SUBMARKET
» T-Mobile (NASDAQ: “TMUS”) is the second largest wireless carrier in the United States (98.3 million users)
» T-Mobile recorded $45 billion in 2019 revenue
» 10% rental increases every five years, providing a hedge against inflation
» Three (3) extension periods of five (5) years each
» New 2021 remodel to latest T-Mobile prototype
» Large, 1.148-acre parcel

HIGH-TRAFFIC LOCATION OUTPARCEL TO WALMART SUPERCENTER
» Prominent location outparcel to Walmart Supercenter
» Strategically located along MS-1, Greenville’s primary retail and transportation corridor, with excellent visibility and access to 17,000 vehicles per day
» Surrounded by major national retailers including Lowe’s, Kroger, Harbor Freight, PetSense, Dollar Tree, O’Reilly Auto Parts, Taco Bell, Wendy’s and many others.
» Walking distance to the Greenville Mall and anchor tenants T.J. Maxx and Belk
» Only corporate T-Mobile store in over 100 miles

NEWLY REMODELED
» New 2021 remodel
» Features latest T-Mobile prototype



Property Description

The property is strategically located on MS-1 with excellent access and visibility to 17,000 vehicles per day directly in front of the store. The subject property is located outparcel to Walmart Supercenter on the primary retail corridor in Greenville with many other national retailers including Lowe’s, Harbor Freight, Kroger, Petsense, Dollar tree, O’Reilly Auto parts, Taco Bell, Wendy’s and many others.

The subject property is just walking distance from the Greenville Mall with anchor tenants T.J. Maxx and Belk. Within a five-mile radius of the property, there are 34,559 residents providing the subject property with an immediate customer base. The average household income is projected to grow by 10% over the next five years poising T-Mobile and the Greenville area for strong growth.

Contact Us About This Property

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