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Freestanding For Sale • 2,894 SF
| Corporate T-Mobile Lease: Backed by T-Mobile USA (NASDAQ: TMUS), the #2 U.S. wireless carrier with 130M+ subscribers and strong operating history. |
| Top Performing Location: Ranked in top 78% of Indiana cell phone stores per Placer.ai, showing consistent consumer engagement and foot traffic. |
| Fully Renovated Store: Tenant remodeled the site post-Sprint merger in 2022 at their own cost, enhancing appeal and operational efficiency. |
| Lease Extension & Options: T-Mobile extended lease by 1 year with 1.5 Yrs term now and added a 1-year option with rent bumps, showing site commitment. |
| Passive Investment Profile: Double-net lease with landlord responsible only for roof/structure; roof has 5 years left on 10-year warranty. |
| Prime Retail Corridor: Located on US Hwy 31 S with 37K+ cars/day, near Target, Walmart, Home Depot, and major auto dealers like Toyota & Honda. |
| Cap Rate: | 8.50 % |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 15 min | - | 8.6 mi | |
| Airport | Drive | Walk | Distance |
| Indianapolis International | 33 min | - | 16.0 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 39 |
| Type: | Surface |
| Included in Rent: | Yes |
Ara Rostamian
Marcus & Millichap
Ara Rostamian
Marcus & Millichap
