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Electronics

AT&T Wireless | Two, Five-Year Options with 10% Rental Increases in Each | Southern OH

4506 Gallia St, Portsmouth, OH 45662

Listing Price: $1,150,000

Cap Rate
6.95%
Tenant Name
AT&T
Years Remaining On Lease
3.8
Guarantor
Franchisee Guarantee
Rentable SF
2,700
Lease Type
Double Net
Rent Per Square Feet
$29.60

Investment Overview

Marcus & Millichap is pleased to present the offering for the AT&T Wireless located at 4506 Gallia Street in Portsmouth, Ohio. This subject property was built in 2015 and currently has four years remaining on its original double net lease. The lease comes equipped with 10% rental increases at the beginning of both five-year renewal options. Landlord is responsible for roof and structure only and the lease is backed by Slayton Wireless, an 80+ location AT&T Franchisee. Tenant reimburses CAM, Insurance, Taxes and is responsible for HVAC repairs and maintenance. The subject property is located just off of US-52 the Ohio River Scenic Byway, seeing over 28,700 vehicles per day, the main thoroughfare of Portsmouth, and a major roadway that runs the entirety of the Ohio state border along the Ohio River. The property is an outparcel to a major shopping center in the area anchored by Walmart Supercenter and features multiple national tenants such as Arby’s, Applebee’s, GameStop, Dollar Tree, Papa Johns, Sprint, and Sally Beauty.

Investment Highlights

  • Four Years Remaining on a Double Net (NN) Lease | Landlord is Responsible for Roof & Structure Only
  • Tenant Reimburses CAM, Insurance & Taxes and is Responsible for HVAC R&M 10% Rental Increases in Each of Its Two, Five-Year Renewal Options
  • Lease Backed By A 77+ Unit Franchisee (Slayton Wireless)
  • Situated in a Dense Retail Corridor | Outparcel to Walmart Supercenter Near Multiple National Retailers: Arby's, Applebee's, GameStop, Dollar Tree, Papa Johns, Sprint, and More
  • Located Next to US-52 Ohio River Scenic Byway Seeing Over 28,700 Vehicles Per Day

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Electronics

AT&T Wireless | Two, Five-Year Options with 10% Rental Increases in Each | Southern OH

Listing Price: $1,150,000

Cap Rate
6.95%
Tenant Name
AT&T
Years Remaining On Lease
3.8
Guarantor
Franchisee Guarantee
Rentable SF
2,700
Lease Type
Double Net
Rent Per Square Feet
$29.60

Investment Highlights

  • Four Years Remaining on a Double Net (NN) Lease | Landlord is Responsible for Roof & Structure Only
  • Tenant Reimburses CAM, Insurance & Taxes and is Responsible for HVAC R&M 10% Rental Increases in Each of Its Two, Five-Year Renewal Options
  • Lease Backed By A 77+ Unit Franchisee (Slayton Wireless)
  • Situated in a Dense Retail Corridor | Outparcel to Walmart Supercenter Near Multiple National Retailers: Arby's, Applebee's, GameStop, Dollar Tree, Papa Johns, Sprint, and More
  • Located Next to US-52 Ohio River Scenic Byway Seeing Over 28,700 Vehicles Per Day

Investment Overview

Marcus & Millichap is pleased to present the offering for the AT&T Wireless located at 4506 Gallia Street in Portsmouth, Ohio. This subject property was built in 2015 and currently has four years remaining on its original double net lease. The lease comes equipped with 10% rental increases at the beginning of both five-year renewal options. Landlord is responsible for roof and structure only and the lease is backed by Slayton Wireless, an 80+ location AT&T Franchisee. Tenant reimburses CAM, Insurance, Taxes and is responsible for HVAC repairs and maintenance. The subject property is located just off of US-52 the Ohio River Scenic Byway, seeing over 28,700 vehicles per day, the main thoroughfare of Portsmouth, and a major roadway that runs the entirety of the Ohio state border along the Ohio River. The property is an outparcel to a major shopping center in the area anchored by Walmart Supercenter and features multiple national tenants such as Arby’s, Applebee’s, GameStop, Dollar Tree, Papa Johns, Sprint, and Sally Beauty.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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