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Dry Good

T-Mobile

17640 Torrence Ave, Lansing, IL 60438

Listing Price: $1,750,000

Cap Rate
7.14%
Tenant Name
T-Mobile
Years Remaining On Lease
2.0
Gross SF
2,952
Guarantor
Corporate Guarantee
Rentable SF
2,952
Price/Gross SF
$592.82
Lease Type
Double Net
Rent Per Square Feet
$42.35

Investment Overview

Marcus & Millichap is pleased to present the T-Mobile at 17640 Torrence Ave in Lansing, located in the south-suburbs of Chicago MSA. The property is a signalized corner at the first Traffic light south of I-94, with a 2,952 SF building (built to suit in 2016) situated on approximately 0.79 acres. T-Mobile completed a full interior remodel of the property in 2025 at their own expense, showing their long-term commitment to the site. With a corporate lease in place, this asset delivers predictable income with limited landlord responsibilities, backed by a nationally recognized credit tenant on a high-traffic location.

The property is strategically located along Torrence Avenue, one of Lansing’s primary retail corridors, just off the I-80/94 interchange with traffic counts of over 31,000 vehicles per day and 163,000 vehicles per day on I-94.

The property benefits from high visibility within a dense commercial corridor anchored by prominent retailers and restaurants such as Walmart Supercenter, Chick-fil-A, Starbucks, Dunkin' Donuts, McDonalds, Planet Fitness, Chipotle, Taco Bell, and more.

The surrounding market supports robust consumer demand, with approximately 87,000 residents within a three-mile radius and over 220,000 residents within five miles. Lansing’s proximity to downtown Chicago enhances the property’s long-term fundamentals and investment appeal.

Investment Highlights

  • Chicago South Suburban Demographics – Strong Population in Five Mile Radius of Over 220,000 and Average Household Income of $83,971.
  • Corporate-Guaranteed Lease – Secured by T-Mobile, a Leading U.S. Wireless Provider.
  • T-Mobile (NASDAQ: TMUS) is the Second Largest Wireless Carrier in the U.S. with Over 6,600 Retail Locations and Service Revenue of Over $66 Billion.
  • Surrounded by National Retailers such as Walmart, Chick-Fil-A, Starbucks, Dunkin' Donuts, McDonalds, Planet Fitness, Chipotle, Taco Bell, and More.
  • 2025 Remodel – T-Mobile Completed a Full Interior Remodel of the Property in 2025 at Their Own Expense, Showing Their Long-Term Commitment to the Site.
  • Strong Traffic Counts – The Property Benefits from Exceptional Visibility with Traffic Counts of Over 31,000 Vehicles per Day on Torrence Avenue and Over 163,000 Vehicles per Day On I-94/294.

Exclusively Listed By

  • Jake Nowak

    Associate Investments

    (314) 889-2565

    Email Jake

    License(s): MO: 2025007018, IL: 475.216742

    St. Louis

  • David Saverin

    Senior Director Investments

    (314) 889-2555

    Email David

    License(s): MO: 2008013520, IL: 475185449, KS: 00249685

    St. Louis

Broker of Record

  • Steven D. Weinstock

    Senior Managing Director, Market Leader - Chicago

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Listing Price: $1,750,000

Cap Rate
7.14%
Tenant Name
T-Mobile
Years Remaining On Lease
2.0
Gross SF
2,952
Guarantor
Corporate Guarantee
Rentable SF
2,952
Price/Gross SF
$592.82
Lease Type
Double Net
Rent Per Square Feet
$42.35

Investment Highlights

  • Chicago South Suburban Demographics – Strong Population in Five Mile Radius of Over 220,000 and Average Household Income of $83,971.
  • Corporate-Guaranteed Lease – Secured by T-Mobile, a Leading U.S. Wireless Provider.
  • T-Mobile (NASDAQ: TMUS) is the Second Largest Wireless Carrier in the U.S. with Over 6,600 Retail Locations and Service Revenue of Over $66 Billion.
  • Surrounded by National Retailers such as Walmart, Chick-Fil-A, Starbucks, Dunkin' Donuts, McDonalds, Planet Fitness, Chipotle, Taco Bell, and More.
  • 2025 Remodel – T-Mobile Completed a Full Interior Remodel of the Property in 2025 at Their Own Expense, Showing Their Long-Term Commitment to the Site.
  • Strong Traffic Counts – The Property Benefits from Exceptional Visibility with Traffic Counts of Over 31,000 Vehicles per Day on Torrence Avenue and Over 163,000 Vehicles per Day On I-94/294.

Investment Overview

Marcus & Millichap is pleased to present the T-Mobile at 17640 Torrence Ave in Lansing, located in the south-suburbs of Chicago MSA. The property is a signalized corner at the first Traffic light south of I-94, with a 2,952 SF building (built to suit in 2016) situated on approximately 0.79 acres. T-Mobile completed a full interior remodel of the property in 2025 at their own expense, showing their long-term commitment to the site. With a corporate lease in place, this asset delivers predictable income with limited landlord responsibilities, backed by a nationally recognized credit tenant on a high-traffic location. The property is strategically located along Torrence Avenue, one of Lansing’s primary retail corridors, just off the I-80/94 interchange with traffic counts of over 31,000 vehicles per day and 163,000 vehicles per day on I-94. The property benefits from high visibility within a dense commercial corridor anchored by prominent retailers and restaurants such as Walmart Supercenter, Chick-fil-A, Starbucks, Dunkin' Donuts, McDonalds, Planet Fitness, Chipotle, Taco Bell, and more. The surrounding market supports robust consumer demand, with approximately 87,000 residents within a three-mile radius and over 220,000 residents within five miles. Lansing’s proximity to downtown Chicago enhances the property’s long-term fundamentals and investment appeal.

Exclusively Listed By

  • Jake Nowak

    Associate Investments

    (314) 889-2565

    Email Jake

    License(s): MO: 2025007018, IL: 475.216742

    St. Louis

  • David Saverin

    Senior Director Investments

    (314) 889-2555

    Email David

    License(s): MO: 2008013520, IL: 475185449, KS: 00249685

    St. Louis

Broker of Record

  • Steven D. Weinstock

    Senior Managing Director, Market Leader - Chicago

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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