April 29, 2022 – Luke Thomson of Horvath & Tremblay has successfully completed the sale of T-Mobile in Princeton, Indiana. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $1,507,000.
T-Mobile is located at 1608 W Broadway Street in Princeton, Indiana. This is a new construction T-Mobile that was completed at the end of 2021. The property consists of a 2,400 square foot T-Mobile on 0.3-acres of land. T-Mobile has a new 10-year corporate guaranteed Double Net lease followed by three (3), 5-Year renewal options. The lease calls for attractive 10% rent increases every five years throughout the primary term and at the start of each renewal option. T-Mobile is strategically located at the signalized intersection of W Broadway Street, the area’s primary commercial corridor and N 2nd Avenue. The Property is located across the street from a Ruler Foods anchored center and is surrounded by national retailers (including Walmart Supercenter, Menards, an IGA, Walgreens, CVS and several national fast food restaurants) driving traffic to the area. Additionally, the Property is seconds from Deaconess Gibson Hospital and is 0.4-miles from US Highway 41, the primary highway serving the area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.