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T-Mobile, Lincoln, IL

T-Mobile

Lincoln, Illinois

Price $2,000,000
Cap Rate 6.25%
NOI $125,000
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 Five (5) Years
Year Built 2021
Building Size 3,698 SF
Lot Size 0.743 Acres (32,396 SF)
Status Available
Lead Broker Information Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

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

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 ILLINOIS SUBMARKET
» T-Mobile (NASDAQ: “TMUS”) is the second largest wireless carrier in the United States (104.79 million users)
» T-Mobile recorded $68.4 billion in 2020 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

HIGH-TRAFFIC ALONG MAJOR LINCOLN THOROUGHFARE
» Strategic location at the signalized, hard corner of Woodlawn Road/State Route 121 and Malerich Drive, with excellent visibility and access to 16,003 vehicles per day
» Outparcel to Walmart Supercenter
» Only T-Mobile store within a 28-mile radius
» Beneficial proximity to Interstate 55 (23,800 AADT) and Historic U.S. Route 66 (8,385 AADT)
» Surrounded by national retailers including ALDI, AutoZone Auto Parts, Culver’s, McDonald’s, and many others

CENTRAL LOCATION NEAR HOSPITALS AND SCHOOLS
» Walking distance from the Abraham Lincoln Memorial Hospital (25 beds, 75 employees)
» Two miles from Lincoln College (700 students)
» Minutes from Northwest Elementary School (258 students) and West Lincoln- Broadwell Elementary School (234 students)
» Average household income projected to increase eight percent by 2026, poising T-Mobile and Lincoln for concurrent growth



Property Description

The property is strategically located at the signalized hard corner of Woodlawn Road/State Route 121 and Malerich Road, with excellent visibility and access to 16,003 AADT vehicles per day directly in front of the store. The subject property is an outparcel to Walmart Supercenter in the primary retail and transportation corridor of Lincoln. The site maintains beneficial proximity to Interstate 55 (23,800 AADT) and Historic U.S. Route 66 (8,385 AADT). The property is surrounded by many national retailers including ALDI, AutoZone Auto Parts, Culver’s, McDonald’s, and many others. The site is just walking distance to Abraham Lincoln Memorial Hospital (25 beds, 75 employees) and minutes from Northwest and West Lincoln-Broadwell Elementary School (492 students combined). Lincoln College is two miles from the site with an enrollment of 700 students. There are 29,796 residents with an average household income of $74,129 within a 15-mile radius of the property, providing the subject property with an immediate customer base. The average household income is projected to grow eight percent by 2026, poising T-Mobile and the Lincoln area for concurrent growth.

Contact Us About This Property

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