Overview

Description

• 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

• T-Mobile is strategically fronting US Highway 45 N averaging 28,000 vehicles per day
• Across from Magnolia Place, a shopping center ranked in the top 90% of all US strip/convenience centers according to Placer.ai
• The Hobby Lobby across the street is ranked in the top 97% of all Hobby Lobby locations nationwide according to Placer.ai
• The immediate trade area is supported by national/credit tenants such as Walmart Supercenter, Kroger, Lowe’s, Chick-fil-A, and more
• The asset has excellent visibility and access

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