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AT&T - Jacksonville, AL 1628 Pelham Rd S 1,903 SF Retail Building Jacksonville, AL 36265 $900,000 ($472.94/SF) 6.67% Cap Rate
INVESTMENT HIGHLIGHTS
- Lease Guaranteed by Prime Comms Retail LLC: Largest AT&T Authorized Retailer in the United States
- Frontage to Pelham Road South
- Across From Walmart Supercenter
- Triple-Net Lease
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to exclusively offer for sale a freestanding AT&T store operated by Prime Communications, the largest AT&T Authorized Retailer in the United States. The subject property is located at 1628 Pelham Road South in Jacksonville, Alabama. The AT&T features a triple-net lease, with landlord responsibilities only consisting of roof and structure repair/replacement. This 1,903-square-foot, freestanding building fronts 1628 Pelham Road South, which sees 24,240 vehicles per day. The AT&T site is located directly across a Walmart Supercenter and Taco Bell.
The lease commenced in 2020 and the current term extends through 2027. The tenant has four two-year renewal options with two percent increases per renewal option. The lease is guaranteed by Prime Comms Retail, LLC, the largest AT&T authorized retailer in the nation (2,000 locations).
The lease commenced in 2020 and the current term extends through 2027. The tenant has four two-year renewal options with two percent increases per renewal option. The lease is guaranteed by Prime Comms Retail, LLC, the largest AT&T authorized retailer in the nation (2,000 locations).
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
1,903 SF
Year Built
2001
Price
$900,000
Price Per SF
$472.94
Cap Rate
6.67%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.66 AC
AMENITIES
- Monument Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- AT&T - Prime Communications
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| AT&T - Prime Communications | Retailer | 99,999 SF | - | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-07-26-0-002-043.011 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $71,160 |
PROPERTY TAXES
Parcel Number
12-07-26-0-002-043.011
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$71,160
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AT&T - Jacksonville, AL | 1628 Pelham Rd S
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