AT&T

2701 North Prince Street, Clovis, NM 88101

$1,573,000

Cap Rate 8.00%

Views: 431 DOM: 28 Updated: 09.04.24 Posted: 08.21.24 Status: Active

Summary

Price $1,573,000	Built/Renov 1999/2024	Tenant AT&T
Cap Rate 8.00%	Lease Type Gross	Guarantor Corp T and Rated
Size/SF 5,035	Lease Start 09-01-2007	#Units 5,528
Price/SF $312.41	Expiration 08-31-2027	Tenant Type Tel/Cell
NOI $125,878	R. Term 2.11	Ownership Fee Simple
Rent/SF $25.00	Increases 0.0%/0/yrs	Pop 5Mi 40,683
Lot/AC 1.05	Options 0/0yrs	AHHI 5Mi $72,017

Lease Highlights

AT&T has been operating in this location since 2007
Recent major renovations | Brand new roof, HVAC units, new exterior stucco + updated exterior signage
The tenant has 2+ years remaining on the current lease term with no options remaining
Corporate guarantee | Investment grade tenant

Location Description

AT&T is strategically located on Prince Street, a major thoroughfare with 24,200 vehicles passing by daily. Nearby tenants include Texas Roadhouse, Popeyes, and Dickey’s Barbecue, with Big R Stores also opening at North Plains Mall next door. AT&T ranks in the top 69th percentile of AT&T stores nationwide. Surrounding tenants are top performers in their chains: Albertsons and Walgreens are in...

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Key Features

Recent renovation
In location for years
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Strategically located
Long operation history
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

AT&T Wikipedia AT&T Wikipedia Clovis, New Mexico Zip Code 88101 Broker Site Page

Maps

Local Information

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...

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Listing Broker

Steve Schrenk

Forged Real Estate

Contact

38 Listings
4357 Views
8 Sold

Marc Mandel

Forged Real Estate

Contact

38 Listings
4374 Views
8 Sold

Steve Schrenk

Steve Schrenk is the co-founder and Principal of Forged Real Estate. Steve specializes in the acquisition and disposition investment advisory services of single-tenant and multi-tenant net lease properties, sale-leasebacks, and small shopping centers throughout the country. Since 2018, Steve has been involved in 300+ transactions totaling over $1 billion in total volume. Steve is a knowledgeable real estate professional with years of experience who prides himself on the team’s client centric an

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Marc Mandel

Marc Mandel is the co-founder and Managing Principal of Forged Real Estate. Marc has over 18 years of experience in the commercial real estate industry and currently leads the team at Forged Real Estate with a focus on single-tenant, sale-leaseback, and small shopping center investment advisory services throughout the country. He has completed over 820 transactions throughout his career with a value of approximately $1.6 billion. Prior to founding Forged Real Estate, Marc previously was one of

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