Sprint

Interested in selling your Sprint NNN property or Sprint ground lease property and was wondering what you can get for it in today’s changing market?

Contact us for a complimentary broker opinion of value for your off-market AT&T NNN property for sale or AT&T ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your AT&T NNN property or the inclusion of a AT&T ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market AT&T properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.

Number of locations

As of January 2023, Sprint (prior to its acquisition by T-Mobile) operated over 13,000 retail locations across the United States. While the exact number is no longer publicly available due to the merger, it served as the fourth-largest mobile network operator in the country at the time.

Revenue and income

Unfortunately, specific revenue and income figures for Sprint’s retail locations are not readily available, as they were not reported separately from the overall company’s financials. However, in 2020, the year of the acquisition, T-Mobile reported a total revenue of $68.4 billion and a net income of $5.4 billion. It’s important to note that these figures encompass the entire T-Mobile business, not just the former Sprint locations.

Future plans

While Sprint‘s individual plans are no longer relevant due to the acquisition, T-Mobile has outlined its own future goals. The Sprint aims to continue expanding its network coverage and 5G capabilities, focusing on integrating the Sprint infrastructure and enhancing its overall reach. Additionally, they plan to invest in new technologies such as advanced customer service tools and innovative retail experiences.

Corporate vs. franchise

Sprint primarily operated as a corporate-owned business model with limited franchise locations. Unlike 7-Eleven’s franchise structure, specific details about franchise fees and royalties for Sprint are not publicly available.

Additional information Sprint Properties

Sprint was founded in 1899 as the United Telephone Company.
The company merged with T-Mobile US in April 2020, effectively discontinuing the Sprint brand in August 2020.
At its peak, Sprint served over 54 million customers across the United States.
The company was known for its competitive pricing and extensive network coverage, particularly in rural areas.
Although no longer a separate entity, Sprint’s legacy is reflected in the combined T-Mobile network and its commitment to wider accessibility.

Sprint History

Sprint’s origins date back to the late 19th century, with its evolution into a telecommunications giant over the years. The company has undergone various transformations, mergers, and acquisitions. Founded as Brown Telephone Company in 1899 by Cleyson Brown, it underwent several name changes before becoming Sprint Corporation. Sprint was pivotal in expanding the telecommunications industry and introducing innovative services and technologies.

Why Invest in Ground Lease and NNN Lease of Sprint?

Investing in Sprint’s ground lease and triple net (NNN) lease properties offer compelling reasons:

1) Sprint NNN Property Investment: Stable income

With a well-established brand and a significant presence in the telecommunications sector, Sprint provides reliable income streams. Ground and NNN leases offer predictable cash flows over the long term.

2) Sprint NNN Property Investment: Established tenant

Sprint’s success and recognizable brand reduce the risk of vacancy or lease default, ensuring a stable tenant for the property.

3) Sprint NNN Property Investment: Low management responsibility

In-ground and NNN leases, the tenant manages property maintenance and expenses, minimizing the landlord’s management obligations.

4) Sprint NNN Property Investment: Favorable lease terms

Long lease terms with built-in rent escalations provide predictable income and potential rental growth.

5) Sprint NNN Property Investment: Real estate value

Sprint’s strategic locations in high-traffic areas can increase property value, offering potential capital appreciation.

Pros and Cons of Sprint Ground Lease and NNN Lease Investment

Pros:

1. Stable income from a well-established brand in telecommunications.
2. Established tenant reduces vacancy and lease default risks.
3. Minimal management responsibility for landlords.
4. Long lease terms provide stability and potential income growth.

Cons:

1. Lease renewal risk when the term expires.
2. Dependency on Sprint’s success and operational challenges.
3. Market saturation and competition affect profitability.
4. Limited control over property decisions.
5. Economic and market risks inherent in real estate investments.

Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.