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Alma, GA - T-Mobile

$1,133,000

104 West Floyd Street, Alma, GA 31510

Active
Last Updated: 05/01/2024

7.5

Cap Rate

85,000

NOI

Details:
Cap Rate:    7.5%
NOI:    $85,000
Building Size:    2,000 sqft
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 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

Map:
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