945 N Clinton St - Freestanding FOR SALE


Defiance, OH 43512
$1,538,000 USD
973-632-1386
945 N Clinton St, Defiance, OH for Sale
$1,538,000 USD
Freestanding - FOR SALE
1/8
null | 7.15% Cap Rate

945 N Clinton St
Defiance, OH 43512


HIGHLIGHTS

  • New 10-Year Lease | Scheduled Rental Increases | NN Leased | Corporate Signed Lease | Well-Known & Established Brand
  • Located Along Clinton Street | Centralized Location | Dense Retail Trade Area | New 2023 Construction | B-3 Zoning
  • Direct Consumer Base | Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, newly built, freestanding, T-Mobile investment property located in Defiance, OH. The tenant 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

$1,538,000 USD

PRICE/SF

$769 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

T-Mobile

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

B-3

APN/PARCEL ID

I06-0013-B-004-00

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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