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AT&T

2701 North Prince Street, Clovis, NM 88101

$1,573,000

Cap Rate 8.00%

Views: 443 DOM: 94 Updated: 11.08.24 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 2.9
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

Steve Schrenk
Forged Real Estate
Contact

Marc Mandel
Forged Real Estate
Contact

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

    • ...

Links

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

Documents

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Maps

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  • 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

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