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T-Mobile, Defiance, OH

T-Mobile, Defiance, OH


Investment Summary

Price $1,572,000
Cap Rate 7.00%
NOI $110,000
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 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

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