T-Mobile | 1011 E Stuart Dr

Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell, Inc., is pleased to present the exclusive opportunity to acquire a corporate 100% absolute triple-net leased T-Mobile property located in Galax. The offering is secured by a corporate lease with T-Mobile US, Inc. (NASDAQ: TMUS), the nation’s second-largest full-service wireless carrier and a Fortune 100 company serving more than 130 million customers nationwide. T-Mobile continues to strengthen its market position through aggressive network expansion, industry consolidation, and advancements in 5G technology, including its transformational merger with Sprint Corporation and recent acquisition of US Cellular. The company now operates the largest and fastest 5G network in the United States, while the tenant’s decade-long operating history at this location demonstrates a strong long-term commitment to the trade area. Multiple renewal options provide investors with stable and predictable income extending beyond December 2028.

The property consists of a 3,000-square-foot freestanding retail building situated on an expansive 2.06-acre parcel within a highly visible retail corridor. Strategically positioned adjacent to the Twin County Plaza shopping center, anchored by Hobby Lobby, the site is surrounded by major national retailers including Walmart Supercenter, Lowe's, Harbor Freight, and Food City, all located within a quarter-mile radius. This concentration of national co-tenancy drives strong daily traffic and reinforces the property’s long-term viability as a premier retail location. Following T-Mobile’s acquisition of US Cellular, the property is currently undergoing a full rebranding conversion to T-Mobile, with completion anticipated in 2026.

Located at the intersection of U.S. Route 58 and Interstate 77, Galax provides excellent regional connectivity to key economic centers including Roanoke, the New River Valley region, and Greensboro. The area continues to benefit from population growth driven by in-migration, particularly among working-age professionals and retirees attracted by the region’s affordability and quality of life. Ongoing revitalization initiatives such as the Creekside Small Area Plan and GO Virginia’s Commerce Park initiative are expected to stimulate additional residential, commercial, and industrial development throughout the market. The investment profile is further enhanced by the area’s pro-business environment, supported through the Blue Ridge Crossroads Economic Development Authority, which has deployed more than $40 million toward small business development and job creation. Additional local incentives, including enterprise zone benefits and development fee waivers in nearby Carroll County, further strengthen the region’s long-term economic outlook. Supported by strong healthcare infrastructure, national corporate tenancy, and expanding regional investment, this offering represents a compelling passive investment opportunity with stable income and meaningful long-term upside potential.