AT&T and Hibbett Sports
Two-tenant retail Investment | 7.91% CAP | 6,692 Sq Ft
Marketing description
Exclusive Realty is pleased to present a two-tenant net-lease retail investment occupied by AT&T and Hibbett Sports in Monroeville, Alabama. The property offers stable, diversified cash flow from two nationally recognized brands operating under long-term leases with built-in renewal options. Both tenants are currently in their first renewal option periods, providing near-term income stability with additional option upside.
The asset is positioned along a primary commercial corridor serving as the dominant retail hub for Monroe County and surrounding rural trade areas. Limited competing retail supply, combined with Monroeville’s role as a county seat and regional service center, supports consistent daily traffic and tenant performance. Rents are in line with prevailing market levels, limiting downside risk at rollover.
The property benefits from a recently installed Versico roofing system with a long-term transferable warranty, reducing near-term capital exposure. With staggered lease expirations, market-rate rents, and a balanced tenant mix spanning essential services and soft-goods retail, the investment offers an attractive combination of yield, durability, and long-term optionality at a compelling entry cap rate.
Investment highlights
Two-tenant net-lease retail investment with diversified income
Occupied by nationally recognized brands: AT&T and Hibbett Sports
AT&T store is operated by Blue Link Wireless with 210 locations
One additional five-year renewal option remaining for each tenant
Market-level rents reduce re-tenanting and rollover risk
Long-standing tenancy: Hibbett Sports has operated at the site since 2010
Modified NNN lease structure with limited landlord responsibilities
Recently installed Versico roofing system with warranty through 2036
Located in the primary retail corridor serving Monroe County
Limited competing retail supply in the immediate trade area
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