Single-Tenant Industrial

AT&T Service Center

250 Eagle City Rd, Springfield, OH 45502

Listing Price: $654,747

Cap Rate
9.50%
Gross SF
5,374
Price/Gross SF
$121.84
Lot Size
2.12 acres
Year Built
1971
Rentable SF
5,374

Investment Overview

Marcus & Millichap is pleased to present for purchase the fee simple interest in this AT&T Service Center located in Springfield, Ohio. This 5,374-square-foot office and industrial property sits on a large 2.12 acre lot with a fully fenced, lighted area behind the building that offers covered parking areas for a vehicle fleet with locked entrance and exit gates. The front of the property features a lawn area and a brick sign. There are two plus years remaining on a corporately guaranteed double-net lease with one, five-year renewal option remaining and a five percent rental increase in that option. The landlord is only responsible for roof, structure, replacement on HVAC, real estate taxes up to $3,000 and insurance. There is an early termination clause with six months notice and a $10,488 rental breakage fee. AT&T consolidated two locations to this site showing commitment to this location. AT&T is an S&P BBB credit rated tenant.

Investment Highlights

  • Two Plus Years Remaining With One, Five-Year Renewal Option and a Five Percent Rental Increase in That Option
  • Corporately Guaranteed Double-Net Lease: Landlord Only Responsible for Roof, Structure, Taxes and Insurance (AT&T is an S&P BBB Credit Rated Tenant)
  • AT&T Consolidated Two Locations to This Site Showing Commitment to This Location
  • Large, Fully Fenced Vehicle Fleet Parking Area Behind Building with Carports and Entrance and Exit Gates
  • Easy Access to US Route 68 and Downtown Springfield, One-Mile from U.S. 68 and OH-334 Interchange, Five Minutes from U.S. 68 and OH-41 Interchange Near Walmart Supercenter and Upper Valley Mall

Exclusively Listed By

Single-Tenant Industrial

AT&T Service Center

Listing Price: $654,747

Cap Rate
9.50%
Gross SF
5,374
Price/Gross SF
$121.84
Lot Size
2.12 acres
Year Built
1971
Rentable SF
5,374

Investment Highlights

  • Two Plus Years Remaining With One, Five-Year Renewal Option and a Five Percent Rental Increase in That Option
  • Corporately Guaranteed Double-Net Lease: Landlord Only Responsible for Roof, Structure, Taxes and Insurance (AT&T is an S&P BBB Credit Rated Tenant)
  • AT&T Consolidated Two Locations to This Site Showing Commitment to This Location
  • Large, Fully Fenced Vehicle Fleet Parking Area Behind Building with Carports and Entrance and Exit Gates
  • Easy Access to US Route 68 and Downtown Springfield, One-Mile from U.S. 68 and OH-334 Interchange, Five Minutes from U.S. 68 and OH-41 Interchange Near Walmart Supercenter and Upper Valley Mall

Investment Overview

Marcus & Millichap is pleased to present for purchase the fee simple interest in this AT&T Service Center located in Springfield, Ohio. This 5,374-square-foot office and industrial property sits on a large 2.12 acre lot with a fully fenced, lighted area behind the building that offers covered parking areas for a vehicle fleet with locked entrance and exit gates. The front of the property features a lawn area and a brick sign. There are two plus years remaining on a corporately guaranteed double-net lease with one, five-year renewal option remaining and a five percent rental increase in that option. The landlord is only responsible for roof, structure, replacement on HVAC, real estate taxes up to $3,000 and insurance. There is an early termination clause with six months notice and a $10,488 rental breakage fee. AT&T consolidated two locations to this site showing commitment to this location. AT&T is an S&P BBB credit rated tenant.

Exclusively Listed By

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