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T-Mobile 1008 S State St 2,462 SF Retail Building Clarksdale, MS 38614 $1,150,000 ($467.10/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
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- -
- -
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- Information
- -
- -
- -
T-Mobile US, Inc. is a leading telecommunications company offering wireless voice, messaging, and data services across the United States. Founded in 1994 as VoiceStream Wireless, the company was later acquired by Deutsche Telekom in 2001 and rebranded as T-Mobile. Headquartered in Bellevue, Washington, T-Mobile operates under its flagship brand and Metro by T-Mobile, serving millions of customers nationwide. The company has grown significantly through strategic mergers and acquisitions, including its 2013 merger with MetroPCS and its 2020 acquisition of Sprint, which expanded its network coverage and customer base. In recent years, T-Mobile has continued to innovate in 5G technology and expand its service offerings, including home internet solutions. T-Mobile is publicly traded on NASDAQ under the ticker symbol TMUS and remains majority-owned by Deutsche Telekom.
| 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 | $29,487 |
| Land Assessment | $19,104 | Total Assessment | $48,591 |
PROPERTY TAXES
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T-Mobile | 1008 S State St
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