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T-Mobile
707 Lubbock Road, Brownfield, TX 79316
$1,231,477
Cap Rate 6.50%
Summary
| Price $1,231,477 | Built/Renov 2023 | Tenant T-Mobile |
| Cap Rate 6.50% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
2,000
| Lease Start
09-08-2023
| #Units
7,994
|
| Price/SF $615.74 | Expiration
09-07-2033
| Tenant Type Tel/Cell |
| NOI $80,046 | R. Term 9.9 | Ownership Fee Simple |
| Rent/SF
$40.02
| Increases 10.0%/5/yrs | Pop 5Mi 10,040 |
| Lot/AC 0.34 | Options 2/5yrs/10% | AHHI 5Mi $70,342 |
| | |
Lease Highlights
- Brand new 2023 construction
- T-Mobile recently signed a brand-new 10-year lease with 2 (5-year) options to extend
- Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
- Corporate guarantee by T-Mobile US Inc (NASDAQ: TMUS)
Location Description
T-Mobile is situated along US Highway 82, also known as Lubbock Road, which has a daily traffic count of 15,588 vehicles. The surrounding area is populated with several well-known tenants, including Dollar General Market, O'Reilly Auto Parts, McDonald's, Burger King, Sonic, Ford, and Phillips 66. Additionally, the property is conveniently located less than half a mile west of the Brownfield...
...Features
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New construction
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New prototype
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Near major nationals
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Highway location
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Major MSA
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Income tax free state
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Brand new lease
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Long 10+ yr lease
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Traded and rated company
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Corporate Guarantee
...
Maps
Tenant
- Tenant: T-Mobile
- Guarantor:Corp T and Rated
- Company:T-Mobile US Inc
- # Units:7,994
- Tenant S&P: BBB-
- Moody’s: Baa2
- Stock:NASDAQ: TMUS
About Tenant
T-Mobile is the brand name used by some of the mobile communications subsidiaries of the German telecommunications company Deutsche Telekom. The T-Mobile brand was introduced in 1996 and the name...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 4,627 | 9,099 | 9,576 |
| 2023 Total Population : | 4,710 | 9,251 | 9,735 |
| 2023 Employed Civilian Pop : | 1,756 | 3,588 | 3,811 |
| 2023 Total Businesses : | 337 | 431 | 447 |
| 2023 Average Household Income : | $ 53,397 | $ 69,038 | $ 70,064 |
| 2023 Total Consumer Spending : | $ 78 M | $ 194 M | $ 209 M |
| 2023 Median Age : | 33 | 36 | 36 |
| 2023 Total Households : | 1,659 | 3,160 | 3,346 |
| 2023 Pop Age 25+: Bachelor's Degree : | 197 | 524 | 552 |
| 2023 Average Home Value : | $ 82,497 | $ 112,079 | $ 115,115 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Lubbock Road | E Lanny Ave | 2021 | 15,588 | 0.28 mi |
| Tahoka Road | N Cub Dr | 2021 | 7,925 | 0.36 mi |
| North 1st Street | N 1st St | 2021 | 17,692 | 0.38 mi |
| N 1st St | W Hill St | 2002 | 12,700 | 0.42 mi |
| Bridges Street | N 5th St | 2021 | 466 | 0.46 mi |
| West Main Street | N 3rd St | 2021 | 5,254 | 0.49 mi |
| West Main Street | S 1st St | 2020 | 4,325 | 0.49 mi |
| South 1st Street | W Main St | 2020 | 14,806 | 0.51 mi |
| South 1st Street | W Buckley St | 2021 | 14,769 | 0.51 mi |
| Lubbock Road | Ranch Rd 2066 | 2021 | 12,912 | 0.58 mi |
