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Virtual Drive-By

AT&T Absolute NNN

2927 Ross Clark Circle · Dothan, AL 36301 · Specialty Retail

Asking price
$1,695,000
Cap rate
7.13%
NOI
$113,820

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN
Term remaining5.5 yrs
Expiration01/2032
Rent bumps2% annual rental increases
Options2 (5-Year)
Ground leaseNo
Credit profile—
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF5,500
Price / SF$309
Year built1997
Lot size0.98 ac
TypeStorefront
Days on market60

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Recently Extended Lease | Options To Extend | Annual Rental Increase | Established Tenant
  • ​Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • ​Nearby National Credit Tenants | High Traffic Counts | Excellent Visibility & Access
  • ​New Amazon Distribution Facility | Strong Regional Connectivity New Developments | Infrastructure Improvements
  • ​Strong Demographics In Immediate Trade Area

Property overview

• AT&T recently exercised its option and extended the lease through 2032

• Established credit tenant operating at the site since 1996

• Lease features 2% annual rental increases, steadily growing NOI and providing a hedge against inflation

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

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Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.