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Electronics

AT&T

6294 Mayfield Rd, Mayfield Heights, OH 44124

Listing Price: $2,095,000

Cap Rate
7.00%
Tenant Name
AT&T
Years Remaining On Lease
2.8
Gross SF
5,383
Guarantor
No Guarantee
Rentable SF
5,383
Price/Gross SF
$389.19
Lease Type
Double Net
Rent Per Square Feet
$30.00

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, AT&T located in Mayfield Heights, Ohio. AT&T has been an original tenant since 2001 and currently has three years remaining on a double-net cars per day. In November 2020, the roof was replaced that cost $59,000. AT&T is being offered for $2,095,000.

Investment Highlights

  • Three Years Remaining on Double-Net Lease; Original Tenant Since 2001
  • $27.23 per Square Foot Net Operating Income – Reasonable/Replaceable Rent
  • Tenant Since 2001; Four Lease Renewals After Initial Term
  • 38,592 Cars per Day Located at Signalized Intersection Across from #1 Grocer in Market (Giant Eagle)
  • Newly Replaced (November 2020) $59,000 Roof
  • Operated by Prime Communications (AT&T's Largest Authorized Retailer, Approximately 2,000 Locations)
  • Tax/Insurance Reimbursement; Net Operating Income/CAP Upside to Running Unreimbursed Common Area Maintenance Leaner
  • Prominent Neighboring Retailers: Target, Costco, Walmart, Giant Eagle, Marshalls, Fresh Thyme, PetSmart, Old Navy, CVS, ALDI, Chick-fil-A, Starbucks, etc.

Exclusively Listed By

Financing By

Listing Price: $2,095,000

Cap Rate
7.00%
Tenant Name
AT&T
Years Remaining On Lease
2.8
Gross SF
5,383
Guarantor
No Guarantee
Rentable SF
5,383
Price/Gross SF
$389.19
Lease Type
Double Net
Rent Per Square Feet
$30.00

Investment Highlights

  • Three Years Remaining on Double-Net Lease; Original Tenant Since 2001
  • $27.23 per Square Foot Net Operating Income – Reasonable/Replaceable Rent
  • Tenant Since 2001; Four Lease Renewals After Initial Term
  • 38,592 Cars per Day Located at Signalized Intersection Across from #1 Grocer in Market (Giant Eagle)
  • Newly Replaced (November 2020) $59,000 Roof
  • Operated by Prime Communications (AT&T's Largest Authorized Retailer, Approximately 2,000 Locations)
  • Tax/Insurance Reimbursement; Net Operating Income/CAP Upside to Running Unreimbursed Common Area Maintenance Leaner
  • Prominent Neighboring Retailers: Target, Costco, Walmart, Giant Eagle, Marshalls, Fresh Thyme, PetSmart, Old Navy, CVS, ALDI, Chick-fil-A, Starbucks, etc.

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, AT&T located in Mayfield Heights, Ohio. AT&T has been an original tenant since 2001 and currently has three years remaining on a double-net cars per day. In November 2020, the roof was replaced that cost $59,000. AT&T is being offered for $2,095,000.

Exclusively Listed By

Financing By

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