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T-Mobile, Americus, GA

T-Mobile, Americus, GA


Investment Summary

Price $1,445,000
Cap Rate 6.75%
NOI $97,500
Lease Term 10 years
Lease Type Net, with tenant responsible for all taxes, insurance, and maintenance, excluding roof and structure of building
Rental Increases 10% rental increases every five (5) years
Year Built 2024
Building Size 2,000 SF
Lot Size .613 acres (26,702 SF)
Status Under Contract
Lead Brokers Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 10 YEAR NET LEASE TO GROWING NATIONAL RETAILER
» 1O year net lease with 10% rental increases every five (5) years
» No early termination clause
» T-Mobile (NASDAQ: “TMUS”) is the third-largest wireless carrier in the United States with approximately 113.6M users
» T-Mobile is America’s largest, fastest, and most reliable 5G network
» T-Mobile total revenues were $79.57 billion in 2022
» High-quality 2024 construction built to latest T-Mobile prototype
» Ability to take “Bonus Depreciation”

PRIME LOCATION NEXT TO WALMART AND LOWE’S ANCHORED SHOPPING CENTERS
» High-visibility location on the corner where Felder Street (5,660 AADT) meets U.S. Highway 280 (14,900 AADT), with direct access from U.S. Highway 280
» Located directly next to Eastgate Shopping Center, anchored by Walmart Supercenter, and just down the street from a Lowe’s Home Improvement anchored shopping center, positioning T-Mobile to capture significant crossover buying opportunities
» Located just a mile east of Georgia Southwestern State University (3,300 students)
» Centrally located near several Americus community hubs, schools, and large employers, including Resolute Shipping Distribution Center, Griffin Bell Golf Course and Conference Center, ECOFLO INC, JDS Manufacturing, Southland Academy (552 students), and many others

ONLY T-MOBILE LOCATION IN AMERICUS GEORGIA
» Only T-Mobile location within a 25-mile radius and in the city of Americus, providing limited competition
» Supported by a population of 21,192 residents living within a five-mile radius of the site
» Average household income within a five-mile radius of the site is project to increase by 15% by 2028, providing Americus and T-Mobile with steady concurrent growth

Property Description

» This T-Mobile has a high-visibility location on the corner where Felder Street (5,660 AADT) meets U.S. Highway 280 (14,900 AADT), with direct access from U.S. Highway 280
» The site is located directly next to Eastgate Shopping Center, anchored by Walmart Supercenter, and just down the street from a Lowe’s Home Improvement anchored shopping center, positioning T-Mobile to capture significant crossover buying opportunities
» The property is located just a mile east of Georgia Southwestern State University (3,300 students)
» Additionally, the site is centrally located near several Americus community hubs, schools, and large employers, including Resolute Shipping Distribution Center, Griffin Bell Golf Course and Conference Center, ECOFLO INC, JDS Manufacturing, Southland Academy (552 students), and many others
» The site is the only T-Mobile location within a 25-mile radius and in the city of Americus, providing limited competition. The property is supported by a population of 21,192 residents living within a five-mile radius of the site
» Average household income within a five-mile radius of the site is project to increase by 15% by 2028, providing Americus and T-Mobile with steady concurrent growth

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