- The tenant, T-Mobile South, LLC, recently signed a brand-new 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site
- The lease features 10% rental increases every 5 years and at the beginning of each option period, generating NOI and hedging against inflation
- Spring Corporation and T-Mobile US merged in 2020 in an all shares deal for $26 billion, making them the highest capacity network in the nation and utilizing T-Mobile’s brand going forward
Investment Offering
Alma, GA - T-Mobile
104 West Floyd Street | Alma, GA 31510
$1,133,000
Price7.5%
Cap Rate$85,000
NOI2,000
± SF Offering GLADescription
Location
- T-Mobile is strategically located at the signalized, hard corner intersection of W Floyd St and S Pierce St averaging 11,900 VPD
- The immediate trade area is supported by surrounding retailers such as Dollar General, McDonald’s, O’Reilly, Family Dollar, and more
- 2023 remodel that features high quality materials, distinct design elements, and high level finishes
- The asset has excellent visibility and access