Investment Overview

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).