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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