AT&T Mobility Call Center

826 East Park Drive - Grayson KY 41121

LTV (Loan to Value)	65.00%	Current NOI	$1,302,165.00
Interest Rate	4.250%	Capital Rate	9.000%
Fixed Term	10 Years	Land Area	+/- 20.337 Acres
Amortization	25 Years	Lease Type	Absolute NNN
Loan Amount	$9,404,525.00	Property Type	Office/Call Center
Payment	$50,947.90	Property Lease	Call Center
Bulding Size	0 SF	Remaining Terms	Approx. 6 Years

Location Description

NNN Lenders is pleased to exclusively offer for sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in the single tenant commercial property located at 826 East Park Drive, Grayson, Kentucky 41121 (the “Property”). The Property is fully leased and operated as a call center for AT&T Mobility, roughly 15 miles southwest of Ashland and 120 miles southeast of Cincinnati, midway between Lexington, KY, and Charleston, WV.

Highlights

Subsidiary of Investment Grade AT&T Inc. (S&P: A-/Stable) - AT&T Mobility (formerly Cingular Wireless, LLC) is a subsidiary of telecom…

Property Description

Built in 2001, the Property is a 104,320 SF facility on 20.337 Acres and houses over 500 call center employees. It is located within EastPark Industrial Park, a 1000-acre multi-use business park that offers significant advantages for businesses and industries along Interstate 64 in northeast Kentucky. Other tenants within EastPark include Cintas, Ashland Community Technology School, FIVCO Area Development and the H.T. Hackney Company. Grayson is a city in and the county seat of Carter County in northeastern Kentucky. It is part of the Huntington-Ashland WV-KY-OH Metropolitan Area and experienced population growth of 8.8% from 2000-2010, the 12th consecutive decade of growth. The Huntington-Ashland MSA is the largest MSA in the state of West Virginia and includes eight counties in Kentucky, Ohio and West Virginia. Five major highways converge at Grayson, including Interstate 64, U.S. 60 and the John Y Brown, Jr. “AA” Highway connecting Grayson to Cincinnati. These transportation options attract industrial and manufacturing jobs to the area, spurring the development of the aforementioned EastPark Industrial Park where the subject Property is located.