AT&T Tenant Overview



Pros

  • Creditworthy tenant
  • Essential retail tenant

Cons

  • Some NN leases hold landlord responsible for roof and structure

Tenant Description

AT&T is a prominent tenant in the net lease commercial real estate space, known for its strong presence and extensive network infrastructure. As one of the largest telecommunications companies in the world, AT&T operates in various segments including wireless services, broadband, entertainment, and business solutions. With a well-established brand and a customer base spanning across residential, commercial, and governmental sectors, AT&T is a reliable and sought-after tenant for net lease properties.

AT&T has a rich history dating back to 1885 when it was founded as the American Telephone and Telegraph Company. Over the years, the company has evolved and expanded its operations to become a global telecommunications giant. Originally focused on providing telephone services, AT&T has grown into a comprehensive provider of communication and entertainment services.

AT&T's financial performance has been robust, with strong annual revenues contributing to its status as a reliable and creditworthy tenant. AT&T reported annual revenues exceeding $170 billion. With over 5,000 Locations.

Overall, AT&T's long-standing reputation, extensive network infrastructure, commitment to innovation, and significant annual revenue make it an attractive tenant in the net lease commercial real estate space.

Average Cap Rate
6.89%
Trailing 12-month average
Average Property & Lease
Average Sale Price $1,541,270
NOI $100,868
$/Square Foot $308 - $385
Building SF 4,000 - 5,000
Lot Size 0.50 - 1.00 acres
Lease Term 10 years
Escalations Varies
Stock Symbol T
Credit Rating
S&P BBB
Moody's Baa2
Average Cap Rate Trend
6.41%
2022
6.89%
2023
Rates reflect year-over-year comparison
Recent Sales Comps
Corpus Christi, TX 5.00%
Louisville, KY 6.50%
Mayfield Heights, OH 7.15%