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T-Mobile 6211 Calhoun Memorial Hwy Easley SC 29640

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T-Mobile 6211 Calhoun Memorial Hwy Easley SC 29640 6211 CALHOUN OFFERING MEMORIAL HWY MEMORANDUM EASLEY, SC T-MOBILE 1 | Executive Overview PROPERTY DETAILS » NN Lease - Only responsible for Roof & Structure » Short Term Lease – Just under 2 years remaining with One (1), Five (5) year option » Attractive 8.25% return » Growing Cash Flow - 10% increase in option period » Guaranteed by SunCom Wireless Property, LLC. LOCATION HIGHLIGHTS » Strategically located off Calhoun Memorial Hwy which sees over 31,000 VPD » Strong Retail Synergy – Many other national retailers in the immediate area such as Bank of America, Hobby Lobby, Lowe’s Home Improvement, etc. » Healthy Demographics – Average Household income exceeds $65,000 in a 1, 3, and 5-Mile radius AUSTIN WALSH BRADEN CROCKETT Associate VP & Director Broker of Record DIRECT (214) 692-2298 DIRECT (214) 692-2040 Kyle Matthews MOBILE (817) 658-3100 MOBILE (714) 345-6206 LIC # 22684 (SC) [email protected] [email protected] LIC # 689818 (TX) LIC # 01946071 (CA) | 2 Financial Overview Investment Summary 6211 Calhoun Memorial Hwy » ADDRESS Easley SC 29640 » LIST PRICE $906,194 » CAP RATE 8.25% » YEAR BUILT 2005 » GLA ± 2,400 SF 3 | T-MOBILE Annualized Operating Data Year Monthly Rent Annual Rent Insurance Expense NOI Cap Rate Rent PSF 7/1/2018 - 6/30/2020 $6,350.00 $76,200 $1,439 $74,761.00 8.25% $31.75 Option 1 $6,980.00 $83,760 $1,439 $82,321.00 9.08% $34.90 Parcel Map Tenant Summary Tenant Trade Name T-Mobile Type of Ownership Fee Simple Calhoun Memorial Hwy ±29,000 ADT Lease Guarantor SunCom Wireless Property, LLC Lease Type NN Lease Commencement Date 10/1/15 Rent Commencement Date 10/1/15 Lease Expiration Date 9/30/20 Increases 10% Every 5 Years Options One, 5-Year Option | 4 Tenant Overview Tenant Overview » Company Name » Year Founded » Headquarters T-Mobile 1990 Bonn, Germany » Ownership » Industry » Website Private Telecommunications www.t-mobile.com T-Mobile US, Inc., commonly shortened to T-Mobile, is a United States-based wireless network operator whose majority shareholder is the German telecommunications company Deutsche Telekom. Its headquarters are located in Bellevue, Washington, in the Seattle metropolitan area 44,000 20,100+ Employees Locations 5 | | 6 Area Overview EASLEY, SC Easley, South Carolina is a city in Pickens County, and the principal city of the Greenville-Mauldin-Easley Metropolitan Statistical Area. Easley is located only 12.6 miles from downtown Greenville, the largest city in the region. Demographics POPULATION 1 - MILE 3 - MILE 5 - MILE 2023 Projection 4,267 31,097 51,853 2018 Estimate 4,062 29,760 49,737 Growth 2018-2023 5.05% 4.49% 4.25% HOUSEHOLDS 1 - MILE 3 - MILE 5 - MILE 2023 Projection 1,847 12,575 20,325 2018 Estimate 1,758 12,027 19,483 Growth 2018-2023 5.06% 4.56% 4.32% INCOME 1 - MILE 3 - MILE 5 - MILE Average $65,276 $67,385 $68,573 Household Income 7 | T-Mobile GREENVILLE, SC Nestled in the foothills of the Blue Ridge Mountains in South Carolina, the city of Greenville combines traditional southern charm, stunning natural beauty, and modernism to create a popular emerging destination. Greenville is in the mountainous northwest, or “upstate”, of South Carolina, in the center of an old textile and agricultural region. With an increasing population, Greenville is the largest city in the region. Living costs in the city are low and there is abundant quality housing close to the city. | 8 ATTRACTIONS Greenville offers many activities and attractions from a world-class collection of museums, galleries, and theaters to plentiful outdoor activities in the Blue Ridge Mountains to the north. With quaint shops, boutiques and excellent restaurants, Greenville’s downtown area houses the largest concentration of the city’s businesses and financial institutions. It maintains its vibrant, revitalized downtown area, which has been ranked among “America’s Ten Best” by Forbes. The BMW plant and several other new manufacturing entities have sprung up mostly to the east towards Spartanburg, all of which have contributed to a vibrant economy and new infrastructure. ECONOMIC SNAPSHOT Once known for textile manufacturing, Greenville has become an international powerhouse, hosting companies from all parts of the globe. The city, along with Spartanburg, Anderson, and other nearby towns known as “The Upstate,” boasts more than 250 international firms, including BMW (Germany), Michelin (France), GlaxoSmithKline (United Kingdom) and Kyocera (Japan). 9 | UPSTATE SOUTH CAROLINA Situated between Atlanta and Charlotte, Upstate is the fastest-growing region in South Carolina. As a loosely defined term among locals, Upstate refers to the area in the westernmost part of the state, which includes the Greenville-Spartanburg-Anderson Combined Statistical Area. Propagated by BMW, many foreign companies have established a significant presence in Upstate. Adidas, Bank of America, Bi-Lo, Suntrust, Bausch & Lomb, IBM and Lockheed Martin are just a few of the numerous corporations. Greenville is the largest city in Upstate and is the base of most commercial activity in the area. The city was long known as “The Textile Capital of the World” due to the textile manufacturing industry being the backbone of the economy. Favorable wages and tax benefits continue to attract companies to the area, thereby diversifying the economy. Today, major industries of commerce include the auto industry, which is mainly concentrated along the corridor between Greenville and Spartanburg, healthcare and pharmaceuticals. | 10 Confidentiality Agreement and Disclaimer This Offering Memorandum contains select information pertaining to the business and affairs ofT-Mobile located at 6211 Calhoun Memorial Hwy Easley, SC 29640 (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. By acknowledging your receipt of this Offering Memorandum for the Property, you agree: 1 . The Offering Memorandum and its contents are confidential; 2. You will hold it and treat it in the strictest of confidence; and 3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimentalto the interest of the Seller. Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered. If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum. A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property. This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum. 11 | AUSTIN WALSH BRADEN CROCKETT Associate VP & Director DIRECT (214) 692-2298 DIRECT (214) 692-2040 MOBILE (817) 658-3100 MOBILE (714) 345-6206 [email protected] [email protected] LIC # 689818 (TX) LIC # 01946071 (CA) Broker of Record Kyle Matthews LIC # 22684 (SC).
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