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T-Mobile 1008 S State St 2,462 SF Retail Building Clarksdale, MS 38614 $1,584,390 CAD ($643.54 CAD/SF) 7.28% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Lease with T-Mobile: Over six years remaining on a 10-year absolute NNN lease with T-Mobile, a leading national wireless carrier.
- Scheduled Rent Increase: Lease includes a 10% rent escalation in 2027, contributing to an adjusted cap rate of 8.00%.
- Established Retail Trade Area: Surrounded by nationally recognized tenants including Walmart, McDonald’s, Kroger, AutoZone, O’Reilly Auto Parts, Dolla
- 2021 Retrofit: The property was fully retrofitted in 2021 to meet T-Mobile’s current specifications, minimizing near-term capital expenditure.
- Prime Retail Positioning: Strategically located along South State Street, the primary commercial corridor in Clarksdale, and outparcel to a high-perfo
- Demographic Profile: The property benefits from a ±5-mile population base of approximately 14,844 residents, supporting consistent consumer traffic.
EXECUTIVE SUMMARY
Phillip Carpenter
License # C-11708 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Four Brothers Seafood & Southern Eatery Inc
- Retailer
- -
- -
- -
-
- Information
- -
- -
- -
T-Mobile U.S. Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience, and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile, and Sprint.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Four Brothers Seafood & Southern Eatery Inc | Retailer | - | - | - | ||
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Information | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 138-271491000-0000200 | Improvements Assessment | $40,625 CAD |
| Land Assessment | $26,320 CAD | Total Assessment | $66,945 CAD |
PROPERTY TAXES
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T-Mobile | 1008 S State St
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