Starbucks & AT&T - Montgomery, AL

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 4,739 square foot freestanding, recently-constructed dual-tenant Starbucks and AT&T (the “Tenants”) located at 10779-10783 Chantilly Parkway in Montgomery, Alabama (the “Property” or “Asset”). The Asset is 100% leased to corporately guaranteed Starbucks and AT&T.

Starbucks has ±6.0 years of remaining term with four, five-year renewal options and 10.0% rent increases every five years. AT&T has ±6.7 years remaining of remaining term with two, five-year renewal options and 10.0% rent increases every five years in those option periods.

The Property is strategically positioned within a dense Montgomery retail corridor, shadow anchored by Walmart Supercenter, Home Depot and AMC Theaters with more than 3.3 million combined visits annually (Placer.ai). Notably, the Property sits less than 2.5 miles away from The Shoppes at Eastchase, a 750K+ square foot power center that generates more than 3.7 million visits annually and ranks in the top 15% of most visited power centers in AL.