T-Mobile & HotBox Pizza – Columbus, IN

2415 N National Rd, Columbus, IN 47201, USA

Sands Investment Group is pleased to exclusively offer for sale the T-Mobile & Hotbox Pizza Asset in Columbus, IN. This property consists of a 4,161 SF, 100% occupied, 2-tenant retail center located at 2415 N National Road in Columbus, IN. The property offers attractive contractual rent growth, with T-Mobile featuring 10% increases in each of its 2, 5-year renewal options, while HotBox Pizza provides a $4 PSF increase, representing ~18% growth. This built-in rent growth provides investors with strong long-term income upside.

  • Corporate T-Mobile: Occupying ~51% of the property under a corporate lease with ~5 years of firm term remaining. T-Mobile (Nasdaq: TMUS) operates more than 6,250 locations nationwide.
  • Exceptional Tenant Health: HotBox Pizza operates at a sub-5% rent-to-sales ratio, demonstrating strong unit-level performance and a healthy occupancy cost.
  • Contractual Rent Growth: Both tenants feature meaningful rent growth in their renewal options. T-Mobile has 10% increases in each of its 2, 5-year options, while HotBox Pizza has a $4 PSF increase, equating to ~18% growth.
  • Prime Retail Corridor: Positioned along N National Road with 23,498 VPD, surrounded by Target, Kroger, Walgreens, CVS, TJ Maxx, and numerous other national retailers.
  • Affluent Trade Area: More than 47,900 residents within 5 miles, with an average household income of ~$90,552 within 3 miles. Columbus also benefits from a significant employment base anchored by major employers, including Cummins, Inc.

In Cooperation With Sands Investment Group Indiana, LLC – Lic. #RC52000211 BoR: Andrew Ackerman – Lic. IN #RB20001918

Price

$1,744,700

Cap Rate

7.00%

PREMISES

4,161 SF

YEAR BUILT

2006

RENEWAL OPTIONS

Varies

Lease Expiration

Varies

RENTAL INCREASES

Varies

BROKERS

List with SIG

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