Sprint

Tenant Description

Sprint Corporation is an American telecommunications company headquartered in Overland Park, KS and founded in 1899. It provides wireless services and is an internet service provider. It is the fourth-largest mobile network operator in the United States and serves over 50 million customers as of January 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.

What To Look For When Buying A Sprint

High Rent

What We Like About Sprint

Brand recognition

Competition

Verizon, AT&T

What Is Sold In A Sprint

Phones & Wireless Services

Sprint Website

https://www.sprint.com/

Corporate Office Location

6200 Sprint Pkwy – Overland Park, KS, 66251.

Fast Facts

Sprint Corporation, through its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. The company operates in two segments, Wireless and Wireline.

Sprint Corporation offers its services under the Sprint, Boost Mobile, Virgin Mobile, and Assurance Wireless brands. It offers products through its 300 branded retail locations in the Southern California region.

Stock Price
Tenant News
Average Cap Rate Trend
6.75%
2019
6.50%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$2,000,000
Avg. Annual Rental Income$140,000
Avg. Price/SF$625/SF
Typical Lease TypeNN
Typical Lease Term10 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PN/A

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