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No Tenant Specified

AT&T

16 Saraland Blvd, Saraland, AL 36571

Listing Price: $685,715

Cap Rate
7.00%
Tenant Name
AT&T
Years Remaining On Lease
2.2
Guarantor
Franchisee Guarantee
Rentable SF
1,500
Lease Type
Double Net
Rent Per Square Feet
$32.00

Investment Overview

Marcus & Millichap, as exclusive advisor to the Seller, is pleased to offer for sale a 1,500 square foot Freestanding AT&T in Saraland (Mobile, MSA) Alabama. The subject property is positioned on a .24 acre lot at the intersection of Highway 43 North and Celeste Road.

The Tenant, Prime Communications, LP, signed a 10 year double-net lease which commenced June 1, 2016. The lease is double-net in nature with the Landlord responsible for only the roof and structure. Taxes, Insurance and CAM expenses are reimbursed by the Tenant. The lease features 10 percent rent increases every fiveyears in the base term as well as one 10-year option to renew.

Prime is the largest AT&T Authorized Retailer in the United States with locations from coast-to-coast.

The City of Saraland is a bedroom community of Mobile and is located 10 miles north of Mobile. One of the main attractions to the city is its newly formed school system. In, 2008, Saraland broke off from the Mobile County school system and the new school has increased 86 percent since inception. Saraland has been on a path of growth in recent years with new commercial developments including Tractor Supply, Dollar Tree anchored shopping center, Autozone, CVS, and plans to construct a new Publix and Hospital.

Investment Highlights

  • Tenant is Prime Communications (Largest AT&T Franchisee in the USA with 2,000 AT&T store locations.)
  • Lighted Intersection with Three Intersecting Highways- 23,000+ Cars Per Day
  • Two 5-Year Options with 10% Rent Increases Every 5 Years
  • Fast Growing Suburb of Mobile, Alabama

Exclusively Listed By

No Tenant Specified

AT&T

Listing Price: $685,715

Cap Rate
7.00%
Tenant Name
AT&T
Years Remaining On Lease
2.2
Guarantor
Franchisee Guarantee
Rentable SF
1,500
Lease Type
Double Net
Rent Per Square Feet
$32.00

Investment Highlights

  • Tenant is Prime Communications (Largest AT&T Franchisee in the USA with 2,000 AT&T store locations.)
  • Lighted Intersection with Three Intersecting Highways- 23,000+ Cars Per Day
  • Two 5-Year Options with 10% Rent Increases Every 5 Years
  • Fast Growing Suburb of Mobile, Alabama

Investment Overview

Marcus & Millichap, as exclusive advisor to the Seller, is pleased to offer for sale a 1,500 square foot Freestanding AT&T in Saraland (Mobile, MSA) Alabama. The subject property is positioned on a .24 acre lot at the intersection of Highway 43 North and Celeste Road. The Tenant, Prime Communications, LP, signed a 10 year double-net lease which commenced June 1, 2016. The lease is double-net in nature with the Landlord responsible for only the roof and structure. Taxes, Insurance and CAM expenses are reimbursed by the Tenant. The lease features 10 percent rent increases every fiveyears in the base term as well as one 10-year option to renew. Prime is the largest AT&T Authorized Retailer in the United States with locations from coast-to-coast. The City of Saraland is a bedroom community of Mobile and is located 10 miles north of Mobile. One of the main attractions to the city is its newly formed school system. In, 2008, Saraland broke off from the Mobile County school system and the new school has increased 86 percent since inception. Saraland has been on a path of growth in recent years with new commercial developments including Tractor Supply, Dollar Tree anchored shopping center, Autozone, CVS, and plans to construct a new Publix and Hospital.

Exclusively Listed By

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