Galax Retail for Sale
Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell, Inc., is excited to present the exclusive opportunity to acquire a corporate 100% absolute triple net (NNN) leased T-Mobile property in Galax, Virginia (the “Property”).
The offering is backed by a corporate lease with T-Mobile US, Inc. (NASDAQ: TMUS), the second-largest full-service wireless carrier in the United States and a publicly traded Fortune 100 company. T-Mobile serves over 130 million customers nationwide and continues to expand its network footprint and 5G capabilities. Through strategic growth and consolidation, including its transformative 2020 merger with Sprint Corporation, and recent acquisition of US Cellular, T-Mobile continues to expand its national network and customer base. Notably, the company has built the largest and fastest 5G network in the country. The tenant’s decade-long operating history at this location underscores its long-term commitment to the trade area, supported by multiple renewal options that provide investors with stable, predictable income through and beyond December 2028.
The Property features a 3,000 square foot structure situated on an expansive 2.06-acre parcel in a high-visibility retail corridor. It is strategically located adjacent to the Hobby Lobby–anchored Twin County Plaza and surrounded by other major national retailers including Walmart Supercenter, Lowe’s, Harbor Freight, and Food City, all within a quarter-mile radius. This dense co-tenancy reinforces consistent traffic to the site and enhances its long-term value and viability as a retail location. Further, following the recent acquisition of US Cellular, the Property is currently undergoing a re-brand to T-Mobile, anticipated to be completed in 2026.
Positioned at the intersection of U.S. Route 58 and Interstate 77, Galax offers convenient regional connectivity to nearby economic centers such as Roanoke, the New River Valley, and Greensboro, NC. The city is benefiting from population growth driven by in-migration, particularly among working-age and older residents seeking quality of life in a lower-cost market. Ongoing revitalization efforts, including the Creekside Small Area Plan and GO Virginia’s Commerce Park initiative, are poised to attract additional residential, commercial, and industrial investment in the surrounding area.
Further strengthening the investment profile is Galax’s pro-business environment. Through the Blue Ridge Crossroads Economic Development Authority, over $40 million has been deployed to support small businesses, generating more than 600 jobs. Local incentives, including permit and zoning fee waivers in nearby Carroll County’s Enterprise Zone, create further opportunities for development. Anchored by a strong healthcare presence and robust local infrastructure, this offering presents a compelling, credit-backed investment with immediate income and long-term regional upside.
