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4030-4038 Morse Road
Columbus, OH 43219
Asking Price
$5.07M
Cap Rate
6.2%
Asset Type
Storefront Retail
Class
Class B
What's Special
Retail | 6.20% CAP | 13,806 SqFt <ul><li>Credit oriented tenant roster, led by T-Mobile and Eyemart Express, which collectively represent 80% of the property's revenue</li><li>Compound annual growth rate (CAGR) exceeding 5% and a weighted average remaining lease term (WALT) of 5.8 years</li><li>T-Mobile (NASDAQ: TMUS) on a long term lease through 2035 with 'BBB' credit rating from Standard & Poor's and 'Baa1' from Moody's</li><li>T-Mobile executed a new 10 year lease at $35.13 PSF, with $31 TI from the landlord, providing a
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NOI
$80,000
Cap Rate
1.58%
DSCR
0.27
Underwater
Cash-on-Cash
-14.53%
Monthly Payment
$25,106.52
Annual Cash Flow
$-221,278.243
