Electronics

Corp. T-Mobile (NASDAQ: TMUS) | Southwestern Oklahoma | 2020 Renovation | Near Altus Air Force Base

1610 N Main St, Altus (Southwestern OK), OK 73521

Listing Price: $960,904

Cap Rate
6.75%
Tenant Name
T-Mobile
Years Remaining On Lease
10.5
Gross SF
1,753
Guarantor
Corporate Guarantee
Rentable SF
1,753
Price/Gross SF
$548.15
Lease Type
Double Net
Rent Per Square Feet
$37.00

Investment Overview

Altus is a city and the county seat in Jackson County, Oklahoma and is home to Altus Air Force Base, the United States Air Force training base for C-17, KC-46 and KC-135 aircrews. It is also home to Western Oklahoma State College and Southwest Technology Center. The county’s economy has been based on farming and livestock since its inception. The major crops include cotton, wheat, corn, alfalfa, and hay. Barley and sorghum became major crops in the late 1940s. Livestock consisted of horses, cattle, mules, swine and sheep. Altus Air Force Base is the county’s largest non-farm employer. There were 16 manufacturers in the county by 2000. These included Altus Athletic Manufacturing and the Luscombe Aircraft Manufacturing plants, the Bar-S Foods Company, and the Republic Gypsum plant.

Investment Highlights

  • In Close Proximity to Altus Air Force Base - The US Air Force's Primary Training Site for KC-135 & C-17 Aircrafts. Provides Tremendous Job Opportunities as well as a steady flow of Student Traffic.
  • Near Western Oklahoma State College - A Public Community College with a Total Enrollment of more than 1,500 Students.
  • Pad to Hobby Lobby and Near Numerous other National Retailers including a Walmart Supercenter, Walgreens, Family Dollar, Dollar Tree, Dollar General and more.
  • New 10-Year Lease with Corporate Entity Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2020 Renovation.
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access and Excellent Visibility to Daily Traffic Counts Exceeding 14k+ Vehicles.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    License(s): OK: 181981

    Oklahoma

Electronics

Corp. T-Mobile (NASDAQ: TMUS) | Southwestern Oklahoma | 2020 Renovation | Near Altus Air Force Base

Listing Price: $960,904

Cap Rate
6.75%
Tenant Name
T-Mobile
Years Remaining On Lease
10.5
Gross SF
1,753
Guarantor
Corporate Guarantee
Rentable SF
1,753
Price/Gross SF
$548.15
Lease Type
Double Net
Rent Per Square Feet
$37.00

Investment Highlights

  • In Close Proximity to Altus Air Force Base - The US Air Force's Primary Training Site for KC-135 & C-17 Aircrafts. Provides Tremendous Job Opportunities as well as a steady flow of Student Traffic.
  • Near Western Oklahoma State College - A Public Community College with a Total Enrollment of more than 1,500 Students.
  • Pad to Hobby Lobby and Near Numerous other National Retailers including a Walmart Supercenter, Walgreens, Family Dollar, Dollar Tree, Dollar General and more.
  • New 10-Year Lease with Corporate Entity Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2020 Renovation.
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access and Excellent Visibility to Daily Traffic Counts Exceeding 14k+ Vehicles.

Investment Overview

Altus is a city and the county seat in Jackson County, Oklahoma and is home to Altus Air Force Base, the United States Air Force training base for C-17, KC-46 and KC-135 aircrews. It is also home to Western Oklahoma State College and Southwest Technology Center. The county’s economy has been based on farming and livestock since its inception. The major crops include cotton, wheat, corn, alfalfa, and hay. Barley and sorghum became major crops in the late 1940s. Livestock consisted of horses, cattle, mules, swine and sheep. Altus Air Force Base is the county’s largest non-farm employer. There were 16 manufacturers in the county by 2000. These included Altus Athletic Manufacturing and the Luscombe Aircraft Manufacturing plants, the Bar-S Foods Company, and the Republic Gypsum plant.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    License(s): OK: 181981

    Oklahoma

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