T-Mobile,
Defiance, OH Investment Summary
| Price | $1,630,000 |
| Cap Rate | 6.75% |
| NOI | $110,000 |
| Lease Term | 10 years, 2 months, 22 days |
| 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 | 2023 |
| Building Size | 2,000 SF |
| Lot Size | 0.40 acres (17,424 SF) |
| Status | Available |
| Lead Brokers | Vincent Aicale Vice Chairman 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Vice Chairman 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 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
Property Description
» Excellent Location Along Major U.S. Highways: This site is located along U.S. Route 66 / North Clinton Street (27,220 AADT) and maintains beneficial proximity to U.S. Route 24 (20,228 AADT)
» Surrounded By Prominent Retailers: The property is near major national retailers such as ALDI, Walmart Supercenter, Marshalls, HomeGoods, Planet Fitness, Lowe’s, McDonald’s, Chipotle, Burger King, Applebee’s, Pizza Hut, Subway, and more
» New 2023 Construction: Currently underway to be built to T-Mobile’s latest prototype by the end of 2023
» Ideal Customer Base: Walking distance to Defiance College (1,083 students) and supported by a population of 21,847 with an average annual household income of $85,978 within a 5-mile radius
» Exclusive Location: This is the only T-Mobile location within a 40-mile radius and in the city of Defiance, providing limited competition
» Gateway to Toledo: The 4th most populous city in Ohio and a major trade center for the Midwest, Toledo supports much of Northwest Ohio’s economy
