Sprint Wireless Corporate Store

8241 Us 31, South St, Indianapolis, IN 46227, United States
$1,710,000

Description

Marcus & Millichap is pleased to present for sale this Corporate Guaranteed Sprint Wireless Store in Indianapolis, Indiana. Sprint Wireless has more than five years remaining in it’s third and final option period. Sprint has been a tenant at this location for more than 19 years.
This Sprint Store is located at 8241 US 31 South in Indianapolis, Indiana. Indianapolis is the State capital and most populous city in Indiana with a population of 2,028,614 residents. The city is 368 Square Miles, making it the 14th Largest U.S. City and home to many Fortune 500 Companies such as Anthem, Eli Lilly, and Simon Property Company.
Sprint Corporation is an American telecommunications company that provides wireless services and is an internet service provider, based in Overland Park, Kansas. It is the fourth-largest mobile network operator in the United States and serves 54.5 million customers as of March 2019. The company also offers wireless voice, messaging, and broadband services through its various subsidiaries under the Boost Mobile, Virgin Mobile, and Assurance Wireless brands, and wholesale access to its wireless networks to mobile virtual network operators. In July 2013, a majority of the company was purchased by Japanese telecommunications company SoftBank Group Corp.,[4] although the remaining shares of the company continue to trade on the New York Stock Exchange. Sprint uses CDMA, EvDO and 4G LTE networks. Sprint is incorporated in Kansas.

  • Sprint Wireless Corporate Store with more than five years on the Lease
  • Tenant has been operating at this location since 2000 (19+ Year operating history)
  • Sprint has exercised its last and final option of its Lease
  • Dense, Infill Location: 195,000 People in a Five Mile Radius with Average Household Income exceeding $74,000
  • Located 11 Minutes from the University of Indianapolis with more than 5,550 Students
  • Surrounded by numerous national retailers including WalMart, At Home, Burlington, Outback Steakhouse, IHOP and Hooters

Property Documents

  • City: Indianapolis
  • State/county: Indiana
  • Zip/Postal Code: 46227
  • Country: United States

Detail

  • Price: $1,710,000

Additional details

  • CAP Rate: 6.75%
  • NOI: $115,465

Features