604 E Liberty St - Freestanding FOR SALE


York, SC 29745
$1,748,000 USD
973-632-1386
604 E Liberty St, York, SC for Sale
$1,748,000 USD
Freestanding - FOR SALE
1/7
null | 6.75% Cap Rate

604 E Liberty St
York, SC 29745


HIGHLIGHTS

  • Brand new 10-year lease with two (5-year) option periods to extend | 10% rental increases every five years throughout the initial term and options
  • Signed by the corporate entity (NASDAQ: TMUS | S&P: BBB) and is NN with limited landlord responsibilities
  • Remodeled in 2024 | Among the largest wireless carriers with over 125.9M subscribers as of Q2 2024
  • Strategically located along Liberty Street (17,800 VPD)
  • Surrounding tenants include Food Lion, Walmart Supercenter, Lowe’s, Harbor Freight Tools, AutoZone, and others
  • 50 minutes from Charlotte and 15 minutes from Rock Hill, SC

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, freestanding, T-Mobile investment property located in York, SC (Charlotte, NC MSA). The tenant, T-Mobile South LLC, recently signed a brand new 10-year lease with 2 (5-year) option periods to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity (NASDAQ: TMUS | S&P: BBB) and is NN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1999, T-Mobile is among the largest wireless carriers with over 125.9M subscribers as of Q2 2024.

FOR SALE DETAILS

PRICE

$1,748,000 USD

PRICE/SF

$596 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

T-Mobile | New 10yr Corp NN w/ Incrses

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

HC

APN/PARCEL ID

0701501010

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.