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Property Details
Retail Net Lease Offering - $1,102,345 / NOI - $79,920 / 7.25% Cap Rate - True Corporate backed lease by AT&T (NYSE:T). 4.50 years remaining on the current lease term with 1-5 year extension and NOI increase to $84,360. Built for AT&T in 1996 and has been the only tenant to occupy this building. Consistent option renewals showing strong commitment to this location. NN Leased building with minimal landlord responsibilities. LL responsible for roof, structure, HVAC, and parking lot in excess of $1,000. Ideal, low-management investment for a passive investment. Tenant reimburses for taxes, insurance, and maintenance up to $1,000.
- Property TypeRetail
- Year Built1996
- Property ID2152033
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