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T-Mobile, Lawrenceburg, TN

T-Mobile

Lawrenceburg, TN

Price $1,280,000
Cap Rate 6.25%
NOI $80,000
Lease Term Seven (7) Years
Lease Type Net, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Excluding Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases in Option Periods
Year Built 2021
Building Size 2,637 SF
Lot Size 0.745 Acres (32,436 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
Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NET LEASE TO GROWING NATIONAL RETAILER IN TENNESSEE 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 in each option, providing a hedge against inflation
» Three (3) option periods of five (5) years each
» 2021 renovation

HIGH-TRAFFIC LOCATION NEAR DOWNTOWN LAWRENCEBURG
» Strategically located along U.S. Route 43/North Locust Avenue, with excellent visibility and access to 21,189 vehicles per day
» Surrounded by national retailers such as Walmart Supercenter, Kroger, Tractor Supply Company, Dollar General, McDonald’s, Taco Bell, and many more
» Five miles from David Crockett State Park, a 1,319-acre park offering camping, cabins, and restaurant dining, increasing visibility to the site
» Excellent location in a major Tennessee commuter corridor, with close proximity to several high-density, single family developments
» Site serves as the only T-Mobile authorized retailer within 33 miles of the property
» One mile from Lawrence County High School (1,070 students)

LOCATED IN AN OPPORTUNITY ZONE WITH TAX INCENTIVES
» The property is located in an opportunity zone designated by the State of Tennessee
» Opportunity Zones were created as a result of the 2017 Tax Cuts and Jobs Act to encourage investors to reinvest capital gains, which can come from any investment—including stocks, bonds, real estate and partnership interests—into these zones
» Investors can invest in qualified Opportunity Zones through an investment called an Opportunity Fund, which provides both temporary and long-term tax deferrals for eligible investors
» No taxes on 10% of gains after five years, 15% of gains after seven years, and 100% of gains after 10 years



Property Description

The property is strategically located along U.S. Route 43/North Locust Avenue, with excellent visibility and access to 21,189 vehicles per day in front of the site. With a beneficial proximity to Downtown Lawrenceburg, the property is in the center of one of the city’s major retail corridors. Notable retailers near the property include Walmart Supercenter, Kroger, Tractor Supply Company, Dollar General, McDonald’s, Taco Bell, and many more national tenants. The site resides five miles from David Crockett State Park, a 1,319-acre park offering camping, cabins, and restaurant dining. The property also benefits from its excellent location in a major Tennessee commuter corridor, with close proximity to several high-density, single family developments. The site serves as the only T-Mobile authorized retailer within 33 miles of the property.

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