Brand New 3 Year Lease Extension with Annual Rental Increases
– AT&T Recently signed a new 3 year lease extension commencing October 1, 2025, displaying their long-term commitment to the location.
– The lease offers a hedge against inflation with a $1,200 annual rental increases scheduled every year during the base lease term.
Adjacent to Walmart SuperCenter and The Home Depot
– The subject property is positioned across the street from two of the most trafficked retailers in the United States.
– There are several other national retailers in the immediate vicinity including Starbucks, Chickfil-A, Verizon Wireless and many more.
– National restaurant retailers such as 7 Brew Coffee have recently constructed new facilities in the immediate trade area.
– The property includes a pylon sign that is visible from Interstate 24 and Hillsboro Blvd.
Corporate Guaranty from Largest AT&T Authorized Retailer (1,900+ Locations)
– Prime Communications, AT&T largest authorized retailer was founded in 1999 in Houston, TX.
– Prime Communications currently operates almost 2,000 AT&T locations and over 200 Cricket Wireless stores.
– The company acquired Spring Mobile in 2019, increasing their store count by nearly 1,300.
Tennessee is a High-Growth State
– The Boyd Center (UT Knoxville) projects Tennessee’s population will reach approximately 7.94 million by 2040, a 12.6% increase from 2022’s baseline.
– From 2017 onward, Tennessee’s GDP grew at an average of ~3.0% annually, outpacing the U.S. average of 2.2%.
– Manchester, TN is located less than 72 miles from both Nashville, TN and Chattanooga, TN.
