T-Mobile 1201 Egg Harbor Rd

The Boulder Group is pleased to exclusively market for sale a single tenant net leased T-Mobile property positioned within the Green Bay MSA in Sturgeon Bay, Wisconsin. The property was renovated for T-Mobile’s tenancy in 2022. There are currently 8 years remaining on the primary lease term. The lease features 10% rental escalations every 5 years and three 5-year renewal options. T-Mobile is currently paying a low absolute rent of $65,000 per year. T-Mobile is an investment grade rated tenant with a Standard & Poor’s rating of BBB.
The 2,500 square-foot building bene?ts from its position along Egg Harbor Road which is a main thoroughfare for the area and hosts a variety of retailers. The neighboring tenants include Walmart Supercenter, Tractor Supply Company, Pick ‘n Save (Kroger), CVS, McDonald’s, Dunham’s Sports, and T.J. Maxx. The asset is also situated several blocks west of State Highway 42 which carries over 12,800 vehicles per day. Additionally, T-Mobile is adjacent to The Door County Fairgrounds which hosts nearly 20,000 visitors every summer. There are over 13,100 people living within a ?ve-mile radius that earn an average household income of $91,349.
T-Mobile US, Inc., is a leading wireless carrier based in Bellevue, Washington. As of 2023, T-Mobile has over 104 million customers in the United States, making it the second-largest wireless carrier in the country. The company operates a vast network of 5G and 4G LTE technology, offering high-speed data, talk, and text services to its customers. T-Mobile’s business model focuses on offering simple and transparent plans with no hidden fees, making it an attractive option for consumers looking for affordable and reliable wireless service. In 2023, T-Mobile reported a total revenue of $78.558 billion. T-Mobile continues to expand its retail footprint, with over 16,100 T-Mobile and Metro by T-Mobile stores across the country as of 2023.