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T-Mobile, Cleveland, MS

T-Mobile

Cleveland, MS

Price $1,264,000
Cap Rate 6.25%
NOI $79,000
Lease Term 10 Years
Lease Type Net, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Excluding Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every 5 Years
Year Built 2021
Building Size 2,000 SF
Lot Size 0.62 Acres (27,007 SF)
Status Available
Lead Broker Information 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

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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
» 10-year net lease to T-Mobile (NASDAQ: “TMUS”), the second largest wireless carrier in the United States (98.3 million users and 16,100+ locations)
» T-Mobile recorded $68.4 billion in 2020 revenue
» 10% rental increases every five years, providing a hedge against inflation
» Net lease with minimal landlord responsibilities

HIGH-TRAFFIC LOCATION – OUTPARCEL TO WALMART SUPERCENTER
» Outparcel to busy Walmart Supercenter
» Strategically located along North Davis Avenue, Cleveland’s primary retail and transportation corridor, with excellent visibility and access to 23,000 vehicles per day
» Surrounded by major national retailers including Kroger, Advance Auto Parts, AutoZone, Dollar Tree, Zaxby’s, Wendy’s, Taco Bell, and many others
» Walking distance to Baxter Healthcare, one of the largest employers in the area
» Only corporate T-Mobile store in over 97 miles

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



Property Description

The property is strategically located on North Davis Avenue with excellent access and visibility to 23,000 vehicles per day directly in front of the store. The subject property is an outparcel to Walmart Supercenter along Cleveland’s primary retail corridor, and is located near many other national retailers including Kroger, Advance Auto Parts, AutoZone, Dollar Tree, Zaxby’s, Wendy’s, Taco Bell, and many others.

The subject property is walking distance from Baxter Healthcare, one of the largest employers in the area. Within a five-mile radius of the property, there are 18,490 residents, providing the subject property with an immediate customer base. The average household income is projected to grow by 9% over the next five years poising T-Mobile and the Cleveland area for strong growth.

Contact Us About This Property

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