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AT&T and Hibbett Sports 1445 S Alabama Ave 6,692 SF 100% Leased Retail Building Monroeville, AL 36460 $975,333 ($145.75/SF) 7.50% Cap Rate

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Investment Highlights

Two-tenant net-lease retail investment with diversified income
AT&T store is operated by Blue Link Wireless with 210 locations
Modified NNN lease structure with limited landlord responsibilities

Occupied by nationally recognized brands: AT&T and Hibbett Sports
Long-standing tenancy: Hibbett Sports has operated at the site since 2010
Modified NNN lease structure with limited landlord responsibilities

Executive Summary

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.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

6,692 SF

Building Class

Year Built

1995

Price

$975,333

Price Per SF

$145.75

Cap Rate

7.50%

NOI

$73,150

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.26

Lot Size

0.60 AC

Opportunity Zone

Yes

Zoning

commercial

Parking

27 Spaces (4.03 Spaces per 1,000 SF Leased)

Frontage

250’ on S Alabama Ave

Information
99,999 SF
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Jan 0000

AT&T began in 1885 as a subsidiary of Bell Telephone, growing into a telecom leader. After a 1984 antitrust breakup, it reorganized through mergers while maintaining its network infrastructure. The company now provides mobile services, fiber internet, and business communications solutions. AT&T serves millions globally through various subsidiaries while focusing on connectivity infrastructure.

Retailer
99,999 SF
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Lorem Ipsum
Jan 0000

Hibbett, headquartered in Birmingham, Alabama, is a leading athletic-inspired fashion retailer with many Hibbett, City Gear and Sports Additions specialty stores located in states nationwide. Hibbett has a rich history of serving customers for years with convenient locations, superior personalized customer service and access to coveted footwear, apparel and accessories from top brands like Nike, Jordan, and adidas. Consumers can browse styles, find new releases, shop looks and make purchases through their best-in-class omni-channel platform.