AT&T Corporate Office | Chicago, IL
For Sale
AT&T Corporate Office | Chicago, IL
Asking Price: $17,060,000
| Cap Rate: 7.2%
- Net Operating Income: $1,228,608
- Weighted Avg. Lease Term (WALT): 6 Years
- Lease Type: Absolute Net
Property Highlights
- Corporate credit lease with annual increases providing stable and growing cash flow
- High barrier to entry location, in-fill market with substantial household incomes
- AT&T has invested millions into capital improvements making this one of AT&T’s most advanced contact centers in the country.
- AT&T (S&P: BBB) corporate lease was recently extended for an additional six years (through April 2027), which provides stable and growing cash flow due to annual rental increases