Thomasville, GA - T-Mobile

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, T-Mobile investment property located in Thomasville, Georgia. The tenant, T-Mobile, 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 throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is a NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

The T-Mobile is located near the signalized, hard corner intersection of US Highway 19 and US Highway 84 which combine to average over 46,200 vehicles passing
by daily. US Highway 19, is the major retail thoroughfare serving the city of Thomasville. The T-Mobile is an outparcel to a top-ranked Publix anchored center that also features national/credit tenants including Jimmy Johns, KFC, Great Clips, Sally Beauty, and more. The asset is in close proximity to a 164,000+ square foot Lowe’s anchored center with Verizon, RaceWay, and Mavis Tires and Brakes outparcels. In addition, T-Mobile is less than 2 miles from Gateway Shopping Center, a 188,000+ square foot center anchored by a Belk and Bealls Store, with other tenants including T.J. Maxx, Big Lots, Taco Bell, Smoothie King, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Chick-fil-A, Starbucks, Whataburger, Tractor Supply, Longhorn Steakhouse, 7-Brew, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 30,000 with an average household income of $90,027, providing a direct consumer base from which the asset can draw upon.