Property details
AT&T Triple Net Leased Investment Property, Southeast Region
Property Description
AT&T Triple Net Leased Investment Property
This is a Private, Confidential and Off-Market Offering. This property is quietly being offered and is not being widely marketed on commonly used large listing services.
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Corporate Guaranty. The subject property is a service facility built specifically for the tenant, BellSouth/AT&T. BellSouth currently occupies the property under a 20 year lease. The property consists of 2 buildings that contain a total of 2,832 square feet. The office building consists of 1,632 square feet while the garage building consists of 1,200 square feet. The site also contains a significant amount of paving and contains 48 parking spaces. The site is gated and substantially enclosed by a cyclone fence. The buildings were constructed in 2006. and currently exhibit good maintenance. The following is an executive summary of the information that we present in more detail in the report.
Latest Net Lease Arrivals
Latest Ground Lease Arrivals
About the Tenant
Corporate Signature. S&P Investment-Grade Credit Rating of “A-“.
AT&T Inc. (NYSE: T)
Together with its subsidiaries, provides telecommunication services to
consumers, businesses, and other service providers worldwide. Its Wireless segment offers
wireless voice communication services, including local wireless communications service, long distance
service, and roaming services. This segment also sells various handsets, wirelessly
enabled computers, and personal computer wireless data cards; and accessories comprising
carrying cases, hands-free devices, batteries, battery chargers and, other items. This segment
sells its products through its own stores, or through agents or third party retail stores. The
company’s Wireline segment provides voice services, including local and long-distance services,
calling card, 1-800 services, conference calling, wholesale switched access service, caller ID,
call waiting, and voice mail services; and application management, security service, integration
services, customer premises equipment, outsourcing, government-related services, and satellite
video services. This segment also offers data services, such as switched and dedicated
transport, Internet access and network integration, data equipment, and U-verse services; high speed
connections comprising private lines, packet, dedicated Internet, and enterprise
networking services, as well as DSL/broadband, dial-up Internet access, and WiFi products;
businesses voice applications over IP-based networks; and local, interstate, and international
wholesale networking capacity to other service providers. In addition, its Advertising solutions
segment publishes yellow and white pages directories; and sells directory advertising and
Internet-based advertising and local search. The company was formerly known as SBC
Communications Inc. and changed its name to AT&T Inc. in November 2005 as a result of
merger with AT&T Corp. AT&T Inc. was founded in 1983 and is based in Dallas, Texas.
Images
Highlights
- Status:
- Available
- Price:
- $1,813,000
- PSF:
- $640
- Cap Rate:
- 7.00%
- Annual Rent:
- $126,931
- Rent Increases:
- The Base Rent shall be increased by ten (10%) percent on the fifth (5th) anniversary of the Commencement Date and every (5) years thereafter through the expiration of the Initial and Extension Term(s).
Property Information
- Building Size:
- 2,832 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Office
- Units/Spaces:
- 1
- Year Built:
- 2006
- Land Area:
- 2.50 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- AT&T
- Lease Type:
- NNN
- Lease Commencement:
- 05/15/2006
- Lease Expiration:
- 05/31/2026
- Lease Term:
- 20 years
- Lease Remaining:
- 1.5 years
- Landlord Responsibilities:
- Absolute NNN (No Landlord Responsibilities)
- Options:
- Two 5-year options
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.