Alma, GA - T-Mobile
$1,133,000
104 West Floyd Street, Alma, GA 31510
7.5
Cap Rate
85,000
NOI
Details:
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
Location

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