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Electronics

Cricket Wireless

4200 Andrews Hwy, Odessa, TX 79762

Listing Price: $1,414,000

Cap Rate
7.00%
Tenant Name
Cricket Wireless
Years Remaining On Lease
7.3
Guarantor
Corporate Guarantee
Rentable SF
1,878
Lease Type
Absolute Net
Rent Per Square Feet
$52.72

Investment Overview

Cricket Wireless is a prepaid wireless service provider based in Atlanta, Georgia. Cricket offers an easy and high-quality wireless experience on their reliable nationwide network. Cricket is a subsidiary of AT&T Inc. AT&T (NYSE: T) is the world’s largest telecommunications company and the largest provider of mobile telephone services in the U.S.

Odessa is located in Ector County, Texas, with a small section extending into Midland County. The city’s population is estimated at 114,428 people. It is the principal city of the Odessa Metropolitan Statistical Area, which includes all of Ector County.

Investment Highlights

  • New Seven Year Absolute Triple-Net Lease
  • Full Guaranty with Crown Wireless, Inc | 240 Locations
  • Signalized Hard Corner Location in a High Traffic Area, Visible by 49,000 Plus Cars per Day Along W 42nd St and Andrews Hwy
  • Adjacent to the Ector County Coliseum, a 42-Acre Complex Hosting Rodeos, Fairs, Trade Shows, Sporting Events, and More for Approximately 400,000 Visitors Annually
  • 125,212 Residents within a Five-Mile Radius - Projected to Increase Over 4 Percent by 2030
  • Average Household Income Exceeds $91,000 in the Surrounding Area
  • Surrounded by National Tenants: McDonald's, Wendy's, Dollar General, Whataburger, and More

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Electronics

Cricket Wireless

Listing Price: $1,414,000

Cap Rate
7.00%
Tenant Name
Cricket Wireless
Years Remaining On Lease
7.3
Guarantor
Corporate Guarantee
Rentable SF
1,878
Lease Type
Absolute Net
Rent Per Square Feet
$52.72

Investment Highlights

  • New Seven Year Absolute Triple-Net Lease
  • Full Guaranty with Crown Wireless, Inc | 240 Locations
  • Signalized Hard Corner Location in a High Traffic Area, Visible by 49,000 Plus Cars per Day Along W 42nd St and Andrews Hwy
  • Adjacent to the Ector County Coliseum, a 42-Acre Complex Hosting Rodeos, Fairs, Trade Shows, Sporting Events, and More for Approximately 400,000 Visitors Annually
  • 125,212 Residents within a Five-Mile Radius - Projected to Increase Over 4 Percent by 2030
  • Average Household Income Exceeds $91,000 in the Surrounding Area
  • Surrounded by National Tenants: McDonald's, Wendy's, Dollar General, Whataburger, and More

Investment Overview

Cricket Wireless is a prepaid wireless service provider based in Atlanta, Georgia. Cricket offers an easy and high-quality wireless experience on their reliable nationwide network. Cricket is a subsidiary of AT&T Inc. AT&T (NYSE: T) is the world’s largest telecommunications company and the largest provider of mobile telephone services in the U.S. Odessa is located in Ector County, Texas, with a small section extending into Midland County. The city’s population is estimated at 114,428 people. It is the principal city of the Odessa Metropolitan Statistical Area, which includes all of Ector County.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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