T-Mobile Corporate

17640 Torrence Ave, Lansing, Illinois 60438

Price:

$1589120

Cap:

6.50%

NOI:

$103,320

Square Footage:

2,952

Lot Size:

.61 Acres

Year Built/Remodeled:

2016

IL BROKER OF RECORD: LIHTC GROUP

Property Description:

Capital Commercial Partners is pleased to bring to market this T-Mobile Corporate store located 25 miles from downtown Chicago in Lansing, IL.

The subject property is situated at the crossroad of I-80, I-94, and I-294. Lansing offers the best of both worlds. Small town charm, deep-seated family values and a select regional location in close proximity to big-city amenities.

The subject property benefits from excellent visibility seeing over 26,000 VPD on Torrence Ave and 153,800 VPD on Interstate 94 and Interstate 80. The property is of high quality newer construction built in 2016 and located at a signalized intersection across from the new Walmart Supercenter.

Investment Highlights:

New high quality construction
NN lease with 8 years remaining (roof & structure only)
10% rent increases every 5 years with 2-5 year options
Tenant pays for CAM, taxes, and insurance
Corporate guarantee from T-Mobile (NYSE: TMUS)
Across from a new Walmart Supercenter
Dense population with 239,000+ within a 5 mile radius
Strong average household income with $60,000+ within 1 mile

Financial Summary:

All cash