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Phone: 916-403-1812

Email: McKenney.Houck@cushwake.com

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T-Mobile, Kimball, TN

Investment Summary

Price $1,492,000
Cap Rate 6.75%
NOI $100,661
Lease Term 10 years
Lease Type Net, with Tenant responsible for all taxes, insurance, and maintenance, excluding roof, structure, and parking lot replacement. Tenant is responsible for coordination and payment of all daily maintenance (including landscaping)
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 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 2023 construction built to latest T-Mobile prototype
» Ability to take “Accelerated/Bonus Depreciation”

PRIME LOCATION ON KIMBALL’S MAIN RETAIL THOROUGHFARE
» High-visibility and easily accessible location on Main St (12,310 VPD), Kimball’s primary retail thoroughfare
» Located just across the street from the Walmart Supercenter and Lowe’s anchored shopping centers, promoting significant crossover buyer opportunities
» Located just a mile from Interstate 24 (54,044 VPD), a major highway connecting Kimball to Chattanooga, Tennessee, allowing the site to capture significant commuter traffic
» Surrounded by major national brand tenants such as Lowe’s, Tractor Supply Co, Walmart Supercenter, McDonald’s, Wendy’s, Krystal, O’Reilly Auto Parts, Waffle House and several others

GROWING TENNESSEE CITY IN CHATTANOOGA MSA
» 43,694 residents live within 15 miles of the site, establishing a stable customer base for the site
» Supported by an average annual household income of $70,157 within a five-mile radius of the property
» Projected 17+% income increases within 1-, 3-, and 5-mile radii over the next three years poise T-Mobile and Kimball for steady concurrent growth
» Kimball is part of the Chattanooga Metropolitan statistical area, which is the 4th-largest in the state of Tennessee

Property Description

» This T-Mobile offers a high-visibility and easily accessible location on Main St (12,310 VPD), Kimball’s primary retail thoroughfare
» The site is located just across the street from the Walmart Supercenter and Lowe’s anchored shopping centers, promoting significant crossover buyer opportunities
» The property sits just one mile from Interstate 24 (54,044 VPD), a major highway connecting Kimball to Chattanooga, Tennessee, allowing the site to capture significant commuter traffic
» The site is surrounded by major national brand tenants such as Lowe’s, Tractor Supply Co, Walmart Supercenter, McDonald’s, Wendy’s, Krystal, O’Reilly Auto Parts, Waffle House and several others
» 43,694 residents live within 15 miles of the site, establishing a stable customer base for the site
» Supported by an average annual household income of $70,157 within a five-mile radius of the property
» Projected 17+% income increases within 1-, 3-, and 5-mile radii over the next three years poise T-Mobile and Kimball for steady concurrent growth
» Kimball is part of the Chattanooga Metropolitan statistical area, which is the 4th largest in the state of Tennessee

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