Prime Single Tenant Retail | T-Mobile

Highlights:

• Corporate T-Mobile NN Lease : T-Mobile USA, Inc. (NASDAQ: TMUS) holds a corporate NN lease; landlord responsible only for roof and structure.
• $115,465 NOI With 5% Bump in September 2027 : Current annual rent of $115,465 escalates 5% in Year 2, with one additional one-year renewal option.
• Near-Term Mark-to-Market Repositioning Play : Lease rolls August 2027, offering a future owner the flexibility to re-lease, sell, or redevelop the site.
• #1 T-Mobile in a 3-Mile Radius by Foot Traffic: Placer.ai ranks this location in the top 78% of all Indiana cell phone stores, with 41,700 annual visits.
• 37,000+ VPD on US Highway 31 South Corridor: Site sits within two dominant retail nodes generating over 31 million combined annual visits within 1.5 miles.
• Tenant-Funded 2022 Renovation Post-Sprint Merger: T-Mobile fully renovated the building at its own expense in 2022; roof warranty has ~5 years remaining.

Description:

RealINSIGHT Marketplace, in partnership with Marcus & Millichap, is pleased to present 8241 US 31 South, Indianapolis, IN 46227, a 3,299 SF corporate-leased T-Mobile retail pad on one of Indianapolis's most trafficked commercial corridors. The property is subject to a double-net lease with T-Mobile USA, Inc. (NASDAQ: TMUS), generating $115,465 in annual NOI with a scheduled 5% rent increase in September 2027. With approximately one year remaining on the current term plus one one-year option to renew, the asset offers investors stable in-place income today alongside a compelling near-term mark-to-market or repositioning opportunity. Originally a Sprint location, the building was fully renovated at the tenant's expense in 2022 following the T-Mobile/Sprint merger, with recent HVAC upgrades and a roof warranty carrying approximately five years of remaining coverage. Positioned along US-31 South with over 37,000 vehicles per day, the site is flanked by dominant retail nodes—including Greenwood Park Mall and Southport Commons—generating over 31 million annual visits within a 1.5-mile radius. Placer.ai ranks this store in the top 78% of all Indiana cell phone stores, with 41,700 annual visits recorded. The surrounding 5-mile trade area supports 209,000+ residents and an average household income of $98,063.


For more information:
https://rimarketplace.com/auction/3260/retail/indianapolis/in?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=august5_2026&utm_content=retail_3260

Bidding Opens
Aug 04, 2026 12:00 AM
Bidding Ends
Aug 06, 2026 12:00 AM