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Corporate T-Mobile & Wienerschnitzel SLB 1013 W Pierce St 4,698 SF 100% Leased 4-Star Retail Building Carlsbad, NM 88220 $3,292,600 ($700.85/SF) 6.15% Cap Rate
Investment Highlights
- Rare, Absolute NNN Multi-Tenant
- Wienerschnitzel Sale-Leaseback
- Corporate T-Mobile
Executive Summary
° Income & Investment Stability w/ two streams of guaranteed rental income
° Rare, Absolute NNN two tenant Investment, zero landlord responsibilities
• Wienerschnitzel Sale-Leaseback Highlights
° Proven Multi-Unit Franchisee - Supported by a solid personal guarantee (broker can
provide further details).
° 20-year initial lease term with five 5-year options
° 10% increases every 5-Years & Options
° Top 10 Ranking Franchisee Operator in the System
• T-Mobile Highlights
° T-Mobile Corporate Location
° Currently #2 Largest Wireless Carrier in U.S.
° 6,000+ Retail Locations Nationwide
° $81.4 Billion Reported Revenue for
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- Restaurant
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Information
- 2,502 SF
- $32.97
- Triple Net
- May 2029
T-Mobile began as VoiceStream Wireless in 1994 and later adopted the T-Mobile brand after becoming part of Deutsche Telekom's U.S. operations. The company provides wireless voice, messaging, and data services, along with 5G home internet and business internet offerings for households and organizations. T-Mobile has also built a broader business around network evolution, including 5G-focused connectivity and managed connectivity, security, and fixed-wireless services for business customers.
-
- Accommodation and Food Services
- 2,196 SF
- $54.64
- Triple Net
- Dec 2045
Wienerschnitzel began in 1961, when John Galardi opened a single hot dog stand in Southern California. The company has grown into a fast-food chain centered on hot dogs and chili dogs, with menu lines that also include burgers, sandwiches, fries, breakfast items, and Tastee Freez soft serve treats. Wienerschnitzel operates with a franchise model, and the restaurants are independently owned and operated. The business continues to focus on quick-service food, with a menu built around savory entrées and dessert items that support a broad family dining format.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Information | 2,502 SF | $32.97 | Triple Net | May 2029 | |
|
|
Accommodation and Food Services | 2,196 SF | $54.64 | Triple Net | Dec 2045 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 4-156-126-494-309 | Improvements Assessment | $313,392 |
| Land Assessment | $47,016 | Total Assessment | $360,408 |
Property Taxes
Presented by
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Corporate T-Mobile & Wienerschnitzel SLB | 1013 W Pierce St
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