1628 Pelham Rd S - Retail FOR SALE


Jacksonville, AL 36265
$900,000 USD
713-775-8899
1628 Pelham Rd S, Jacksonville, AL for Sale
$900,000 USD
Retail - FOR SALE
1/6
null | 6.67% Cap Rate

1628 Pelham Rd S
Jacksonville, AL 36265


HIGHLIGHTS

  • Lease Guaranteed by Prime Comms Retail LLC: Largest AT&T Authorized Retailer in the United States
  • Across From Walmart Supercenter
  • Frontage to Pelham Road South
  • Triple-Net Lease

OVERVIEW

Marcus & Millichap is pleased to exclusively offer for sale a freestanding AT&T store operated by Prime Communications, the largest AT&T Authorized Retailer in the United States. The subject property is located at 1628 Pelham Road South in Jacksonville, Alabama. The AT&T features a triple-net lease, with landlord responsibilities only consisting of roof and structure repair/replacement. This 1,903-square-foot, freestanding building fronts 1628 Pelham Road South, which sees 24,240 vehicles per day. The AT&T site is located directly across a Walmart Supercenter and Taco Bell. The lease commenced in 2020 and the current term extends through 2027. The tenant has four two-year renewal options with two percent increases per renewal option. The lease is guaranteed by Prime Comms Retail, LLC, the largest AT&T authorized retailer in the nation (2,000 locations).

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$473 USD /SF

CAP RATE

6.67%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AT&T - Jacksonville, AL

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

-

APN/PARCEL ID

12-07-26-0-002-043.011

ASK ABOUT THIS PROPERTY

Alex Wolansky, CCIMMarcus & MillichapMore Info
713-775-8899

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Alex Wolansky, CCIMMarcus & MillichapMore Info
713-775-8899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.