Listed by Marcus & Millichap
$1,129,000
AT&T | Salina, KS
Details
Property Type Retail
Sub Type Storefront, Electronics
Square Footage 2,520
Cap Rate 6.25%
NOI $70,560
Occupancy 100%
Tenancy Single
Brand/Tenant AT&T
Lease Type NNN
Lease Term 10
Lease Expiration 01/29/2028
Remaining Term 2
Rent Bumps Yes
Lease Options 2, 5 Year Options
Year Built 2017
Acreage 0.310
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/30/2017
Ground Lease No
$1.1M | 15% Rent Increase in 2028 | NNN
Marketing description
AT&T (NYSE: T) is the world’s largest telecommunications company and the largest provider of mobile telephone services in the U.S. As of 2026, AT&T was ranked #35 on the Fortune 500. AT&T’s entire wireless network covers more than 99 percent of Americans.
Salina is a city in, and the county seat of, Saline County, Kansas, home to an estimated 53,000 people. The city is conveniently located at the crossroads of I-70 and I-35 in central Kansas. Salina has a strong, diverse economic base, a low cost of living, and high-quality health care.
Investment highlights
- Triple-Net Lease with the Largest AT&T Authorized Retailer in the U.S. (Approximately 2,000 Locations)
- 15 Percent Rent Increase Upon Execution of First Renewal Option
- Situated Along Salina's Primary Retail Corridor, Anchored by: Menards, Sam's Club, Walmart Supercenter, Target, Lowe's, Kohl's, and More
- Less Than Two Miles South of Kansas Wesleyan University (Approximately 1,000 Students)
- Easily Accessible Location Immediately Off Interstate 135 (Approximately 21,200 Cars per Day)
- Excellent Frontage Along South 9th Street, a Significant Thoroughfare for the Salina Area
- 46,206 Residents within a Five-Mile Radius
Listing Contacts
Listed by Marcus & Millichap
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$70,560.00
$5,880.00/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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