Property details

AT&T Absolute NNN Call Center For Sale, Southeast Region

Property Description


AT&T Absolute NNN Call Center For Sale

Located in an Income Tax Free State!     

AT&T Call Center.

Strong Corporate Guaranty.

S&P Investment-Grade Rating of "BBB+" Credit.

Absolute Triple Net Leased (NNN) With No Landlord Responsibilities.

The improvements sit on approx. 10 acres and the additional approx, 10 acres is paved for parking.

The property currently has an assumable loan: $4.7M loan, 3.5% interest for a 5 year term.

Rents are as follows (2.00% Annual Increase starting in Year 2):

$881,000 base Year 1
$898,000 Year 2
$916,000 Year 3
$944,000 Year 4
$962,000 Year 5

In addition to the AT&T income, there is an additional 14,235 square feet of leasable space called a "Giveback Space" just negotiated as part of this lease extensions. The seller has agreed to pay $10 PSF rent for this space to the buyer. This is additional $142,350 in rent, along with the first year's rent from AT&T, is reflected in the Cap Rate Shown.






About the Tenant

AT&T, Inc. is the second largest wireless telecommunications provider in the United States and Puerto Rico and the 27th largest company in the world.

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Highlights

Status:
Available
Price:
$13,500,000
PSF:
$132
Cap Rate:
7.59%
Rent Increases:
Annual 2.00% increases in the current term and in the options.
 

Property Information

Building Size:
102,400 sq.ft.
Property Type:
Net Lease
Industry Type:
Office
Units/Spaces:
1
Year Built:
1988
Land Area:
19.86 acres
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
AT&T
Lease Type:
NNN
Lease Commencement:
09/01/2016
Lease Expiration:
08/31/2021
Lease Term:
5 years
Lease Remaining:
2.9 years
Landlord Responsibilities:
None - Absolute Triple Net NNN
Options:
Three 5-year options with 9 month notice prior to renewal at 2% annual increase.
 

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.