Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners Atlanta
$1,751,000
AT&T - Dothan AL
Details
Property Type Retail
Sub Type Storefront
Square Footage 5,500
Units 35
Cap Rate 6.5%
NOI $113,820
Tenancy Single
Brand/Tenant AT&T
Lease Type Absolute NNN
Lease Term 35.8
Lease Expiration 01/31/2032
Remaining Term 5.6
Rent Bumps Yes
Lease Options 2 (5-Year)
Year Built 1997
Acreage 0.980
Zoning Commercial
Investment Type Net Lease
Lease Commencement 05/01/1996
Ground Lease No
About This Property
Marketing description
• AT&T recently exercised its option and extended the lease through 2032
• Established credit tenant operating at the site since 1996
• Lease features 2% annual rental increases, steadily growing NOI and providing a hedge against inflation
Investment highlights
- Recently Extended Lease | Options To Extend | Annual Rental Increase | Established Tenant
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Nearby National Credit Tenants | High Traffic Counts | Excellent Visibility & Access
- New Amazon Distribution Facility | Strong Regional Connectivity New Developments | Infrastructure Improvements
- Strong Demographics In Immediate Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners Atlanta
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$113,820.00
$9,485.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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