218 N Ron McNair Blvd
Lake City, SC 29560
T-Mobile · Retail Property For Sale

T-Mobile NN Investment Opportunity | Corporate Lease | Lake City, SC
FOR SALE: a net-leased investment opportunity featuring a corporate-backed T-Mobile South, LLC location at 218 N Ron McNair Blvd. This single-tenant asset is secured by a brand-new 10-year lease that commenced in November 2023, offering approximately 7.5 years of remaining term and delivering a stable income stream backed by one of the nation’s leading wireless providers.
The lease features 10% rental increases every five years and at the start of each option period. The tenant holds two (5-year) extension options. Structured as a NN lease, the tenant is responsible for their pro-rata share of CAM, taxes, and insurance, and maintains most aspects of the premises, while landlord responsibilities are limited to roof, structure, and parking lot.
This asset is further strengthened by the 2020 merger between Sprint Corporation and T-Mobile US in a $26 billion all-stock transaction, creating the highest capacity network in the nation under the unified T-Mobile brand. As of year-end 2025, T-Mobile reported $71.3 billion in service revenue (up 8% year-over-year) and $57.9 billion in postpaid service revenue (up 11% year-over-year), reflecting continued industry-leading growth.
At the company’s February 2026 Capital Markets Day, incoming CEO Srini Gopalan emphasized strong forward momentum, stating that “the future has never been brighter,” driven by network leadership, customer experience, and AI-enabled growth strategies.
Strategically positioned along N. Ron McNair Blvd (14,900 AADT), the property benefits from excellent visibility, significant street frontage, and multiple points of ingress/egress, ensuring ease of access for customers. The immediate trade area is anchored by national retailers including Belk, Walmart Supercenter, Dollar Tree, McDonald’s, Burger King, and O’Reilly Auto Parts, driving consistent consumer traffic. The site has recently undergone a brand-new remodel featuring high-quality materials, modern design elements, and upgraded finishes, further enhancing tenant commitment and customer appeal.
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.
Investment highlights
Corporate lease with T-Mobile South, LLC
7.5 years remaining on a new 10-year lease (Nov 2023 commencement)
Two (5-year) renewal options
10% rent increases every 5 years and at option periods
NN lease structure with limited landlord responsibilities
Tenant pays CAM, taxes, insurance; maintains majority of premises
Strong corporate performance and industry-leading growth metrics
High-traffic location (14,900 AADT) with excellent visibility
Surrounded by major national retailers
Recently remodeled with high-quality finishes and modern branding