981 N Walnut Creek Dr
Mansfield, TX 76063
T-Mobile | Mansfield, TX · Retail Property For Sale

*3.00% Co-Broker Fee. Contact Brokers for Further Details. T-Mobile elected to extend their original term in 2017. The term was extended for 7 years, and they kept their three (3), five (5) year options. This shows the Tenant’s commitment to the location. There are six (6.5) years remaining on the corporate lease term, plus three (3), five (5) year options. The lease provides for an 18% rental increase at Option 1, and a 10% rental increase at Option 2 & 3. The building is equipped with a knock out for a drive-thru, providing further repurposing options in the future. There are 32 parking spots, which is a ratio of 9.9 spots per 1,000 SF. The lease structure is double net (NN), with minimal landlord responsibilities. T-Mobile is located in a great retail corridor off of HWY 287. Other surrounding tenants include Texas Health ER, Walmart Supercenter, Chick-fil-A, Walgreens, Chase Bank, McDonald’s, Big Lots and In-N-Out. There are 144,869 residents located in the five (5) mile demographic ring, and population is expected to grow at a rate of 1.69% over the next five (5) years. There are over 20,000 households in the three (3) mile demographic ring, which is beneficial for the tenant’s customer base. The average household income in the five (5) mile demographic ring is an affluent$105,995. U.S. Hwy 287 & N Walnut Creek Dr. report combined traffic counts of 116,004 cars per day. The City of Mansfield is located in the southeastern portion of Tarrant County, and is considered to be one of the top 4 growth areas in the Dallas/Fort Worth Metropolitan Area (Metroplex). Mansfield supports a thriving retail economy and is currently home to 4.2 million square feet of retail space and 9 major retail centers.