T-Mobile – Kirksville, MO
Fortis Net Lease is pleased to present this brand new 2,550 SF T-Mobile store located in Kirksville, Missouri, in an opportunity zone. This 10 year Double Net (NN) Lease will require minimal landlord responsibilities. The lease provides a 4% increase in year 6 and three (5 year) options each with a 10% rent increase. The store is nearing completion with rent on track to commence in October 2021.
This T-Mobile benefits from being adjacent to the new Kirksville Commons Shopping Center (anchored by Hobby, Marshalls, and PetSmart) and has excellent visibility as it is located on North Baltimore Street which sees 9,574 cars per day. This site is surrounded by many notable retailers in the area including Walmart, Aldi, Home Depot, Menards, Hibbett Sports, Tractor Supply Company and more. The five mile population from the site is 19,288. The three mile household income is $64,784. This investment will offer anew owner continued success due to the strength and proven profitability of the tenant. List price reflects a 6.00% cap rate based on NOI of $95,625.
• 10 Year Double Net (NN) Lease | Minimal Landlord Responsibility
• Kirksville Commons Outparcel | Adjacent to KFC
• Opportunity Zone | Brand New 2021 BTS Construction
• 4% Rent Increase at Year 6
• Three (5 Year) Options to Renew with 10% Increase at Each
• 5 Mile Population 19,288
• 1 Mile Average Household Income $64,784
• 9,574 Cars Per day on N. Baltimore Street
• Walmart, PetSmart and Hobby Lobby Anchored Center
• On Main Thoroughfare Leading to Downtown Kirksville
• Other Nearby Retailers Include Home Depot, Menards, Hibbett Sports, Aldi and Tractor Supply Company
Instate Broker of Record: Brian Brockman | Bang Realty, Inc.