T-Mobile 567 12th St 2,550 SF Retail Building Carlyle, IL 62231 $1,135,000 ($445.10/SF) 7.08% Cap Rate

Fortis Net Lease is pleased to present this brand new 2,550 SF T-Mobile store located in Carlyle, Illinois. This 10 year Double Net (NN) Lease will require minimal landlord responsibilities. The lease provides a 10% rent increase in year 6 and at each of the three (5 year) options. The store is preparing to begin construction with a rent start date on track for July 2023.
This T-Mobile benefits from being adjacent to a newly developed Family Dollar | Dollar Tree store & medical office, and has excellent visibility as it is located on the hard signalized corner of Highway 50 & 12th Street which sees 17,396 cars per day. It is easily accessible from 4 streets as it has multiple points of ingress & egress into this development. With a prominent location in downtown Carlyle, across the streets sits a CVS store, Carlyle Home Center, & VFW Club. The ten mile population from the site is 17,454. The three mile household income is $72,901. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 7.08% cap rate based on NOI of $80,325.