ATT & Hibbett Sports

Investment Overview

Exclusive Realty is pleased to present a two-tenant net-lease retail investment occupied by AT&T and Hibbett Sports in Monroeville, Alabama. The property offers stable, diversified cash flow from two nationally recognized brands operating under long-term leases with built-in renewal options. Both tenants are currently in their first renewal option periods, providing near-term income stability with additional option upside. The asset is positioned along a primary commercial corridor serving as the dominant retail hub for Monroe County and surrounding rural trade areas. Limited competing retail supply, combined with Monroeville’s role as a county seat and regional service center, supports consistent daily traffic and tenant performance. Rents are in line with prevailing market levels, limiting downside risk at rollover. The property benefits from a recently installed Versico roofing system with a long-term transferable warranty, reducing near-term capital exposure. With staggered lease expirations, market-rate rents, and a balanced tenant mix spanning essential services and soft-goods retail, the investment offers an attractive combination of yield, durability, and long-term optionality at a compelling entry cap rate.

Investment Highlights

• Two-tenant net-lease retail investment with diversified income
• Occupied by nationally recognized brands: AT&T and Hibbett Sports
• AT&T is operated by Blue Link Wireless. An AT&T Authorized Dealer with 210 locations
• One additional five-year renewal option remaining for each tenant
• Market-level rents reduce re-tenanting and rollover risk
• Long-standing tenancy: Hibbett Sports has operated at the site since 2010
• Modified NNN lease structure with limited landlord responsibilities
• Recently installed Versico roofing system with warranty through 2036
• Located in the primary retail corridor serving Monroe County
• Limited competing retail supply in the immediate trade area
• Attractive yield relative to credit quality and replacement risk