3222 Main StLindale, TX 75771

For Sale
$1,680,000

High-growth market, strong tenant. Excellent ROI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 2,969 square foot T-Mobile storefront located at 3222 S Main St, Lindale, TX 75771. The property, built in 2023, sits on a 0.84-acre lot and benefits from a prime location as an outparcel to a Walmart Supercenter and Lowe's Home Improvement, ensuring high visibility and traffic. The property enjoys exceptional exposure to over 75,000 vehicles per day on S Main Street near Interstate-20. Lindale is experiencing rapid growth, with a 24% population increase within a 3-mile radius since 2010, and over 100 new businesses registered in the last year. The T-Mobile lease commenced November 1, 2023, and runs for 10 years, with two 5-year renewal options. Rent increases by 10% every 5 years. The property boasts a 7.00% cap rate, a $117,276 annual net operating income (NOI), and a sale price of $1,680,000 ($565.85/sq ft). This is a single-tenant, Class A, net-lease investment with a credit-rated, corporate-guaranteed tenant. The property's strong tenant, favorable lease terms, and location in a high-growth market make it an attractive investment opportunity. The building is a single-story structure with 100% occupancy.

Highlights

  • 10-Year Net Lease with 10%+ Rent Increases Every 5 Years, Including Two Renewal Options.
  • T-Mobile, a Top-Tier Wireless Carrier, Occupies the Property.
  • Adjacent to High-Traffic Walmart Supercenter and Lowe's, Drawing 1.7 Million Annual Visitors.
  • Recently Renovated to Meet T-Mobile's Modern Design Standards.
  • High-Visibility Location on S Main Street near I-20, with Over 75,000 Vehicles Passing Daily.
  • Strong Population Growth: 24% Increase Within a 3-Mile Radius Since 2010.

Property Details for 3222 Main St

Property type
Other retail properties, Individual retail properties
Square Feet
2,969 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
36,590 SF
Units
1

Location Insight

City
Lindale
County
Smith
State
Texas
Latitude
32.4726611
Longitude
-95.3892428
3222 Main St, Lindale, Texas

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3222 Main St
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