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Views: 91 DOM: 178 Updated: 10.25.24 Posted: 06.26.24 Status: Active

Summary

Price $3,950,000
Built/Renov 2009
Tenant AT&T
Cap Rate 6.08%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 5,000
Lease Start 02-05-2010
#Units 5,528
Price/SF $790.00
Expiration 04-30-2029
Tenant Type Tel/Cell
NOI $240,000
R. Term 4.4
Ownership Fee Simple
Rent/SF $48.00
Increases 2.0%/1/yrs
Pop 5Mi 101,419
Lot/AC 1.10
Options 0/0yrs
AHHI 5Mi $90,081

Lease Highlights

  • AT&T has been operating in this location for 14 years
  • The tenant has 4+ years remaining on the current lease term
  • The lease features 2% annual rental increases
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

AT&T is strategically located on Harbison Boulevard, with access to 31,800 vehicles passing by daily. The property is situated in a prominent retail corridor, just half a mile from Columbiana Centre, a Super Regional Mall, and Interstate 26, which sees 107,000 VPD. The immediate area is home to well-known national tenants, including The Home Depot, Lowe’s Home Improvement, Walmart Supercenter,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: AT&T
  • Guarantor:Corp T and Rated
  • Company:AT&T, Inc.
  • # Units:5,528
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NYSE: T

About Tenant

AT&T Inc. is an American multinational telecommunication holding company. In addition to telephone, data, and video telecommunications, AT&T provides mobile communications and internet services for...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 7,003 48,933 107,429
2024 Total Population : 6,911 47,801 104,378
2024 Employed Civilian Pop : 3,314 24,647 52,467
2024 Total Businesses : 646 2,304 4,157
2024 Average Household Income : $ 85,223 $ 92,097 $ 99,243
2024 Total Consumer Spending : $ 230 M $ 1665 M $ 3743 M
2024 Median Age : 39 40 40
2024 Total Households : 3,043 20,461 42,875
2024 Pop Age 25+: Bachelor's Degree : 1,470 8,919 19,541
2024 Average Home Value : $ 264,535 $ 264,637 $ 309,540
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Harbison Boulevard Sheath Dr 2021 25,000 0.07 mi
Columbiana Drive Harbison Blvd 2021 12,300 0.27 mi
Columbiana Dr Columbiana Cir 2018 14,000 0.28 mi
Harbison Blvd Bower Pkwy 2018 27,500 0.30 mi
Harbison Boulevard Columbiana Cir 2022 29,500 0.31 mi
Park Terrace Drive Bower Pkwy 2022 8,900 0.37 mi
Bower Parkway Harbison Blvd 2021 9,200 0.44 mi
Harbison Boulevard Country Squire Dr 2021 21,200 0.54 mi
Harbison Blvd Harban Ct 2018 18,400 0.56 mi
Emory Lane Darnell Rd 2022 4,000 0.69 mi

Listing Broker

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