Property details

ATT Single Tenant, Southeast Region

Property Description

ATT Single Tenant on a Wal-Mart Outparcel. AT&T corporate lease. Outparcel to Wal-Mart Supercenter and Home Depot. AT&T Inc. (NYSE: T) has 301,840 worldwide employees, a Market CAP of $240 Billion, and 2006 pro forma revenue of more than $117 Billion. Strategic retail move to capitalize on the huge demand in the area with prominent single tenant building

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Highlights

Status:
Available
Price:
$1,840,000
PSF:
$526
Cap Rate:
7.15%
Annual Rent:
$131,425
Rent Increases:
Yrs. 1-5: $131,425
Yrs. 6-10: $144,585
 

Property Information

Building Size:
3,500 sq.ft.
Property Type:
Net Lease
Industry Type:
Retail
Units/Spaces:
1
Land Area:
1.15 acres
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
at&t
Lease Type:
NN
Lease Commencement:
7/14/2008
Lease Expiration:
7/31/2018
Lease Term:
10 years
Years Remaining:
9 years
Landlord Responsibilities:
Roof and Structure
Options:
2-Five Year Options to renew
Opt 1: $159,040
Opt 2: $174,965
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.