ATT & Hibbett Sports

Monroeville, Alabama offers a distinctive retail investment opportunity grounded in its rich cultural heritage, community amenities, and ongoing downtown revitalization efforts. Known as the “Literary Capital of Alabama” as the hometown of Harper Lee and Truman Capote, Monroeville draws both tourism and local engagement with iconic attractions like the Old Monroe County Courthouse, the Monroe County Heritage Museum, and annual events such as the Monroeville Literary Festival that bring visitors from across the region. With a population of around 6,000–6,500 residents and its role as the county seat, the city functions as a regional hub for shopping, healthcare, and education, supporting a baseline of local consumer demand while offering affordable housing and cost of living that helps retain household spending within the community. Recent and planned community development initiatives in Monroeville further enhance its retail investment appeal by increasing commercial activity and foot traffic. The nationally recognized Monroeville Main Street program has catalyzed downtown revitalization, earning a Great American Main Street Award for preserving historic character while attracting new businesses, lowering vacancy rates and enhancing economic vitality. Public funding and grants are being used to upgrade infrastructure, improve streetscapes, and convert historic buildings into a mix of retail, dining, offices, and housing, creating synergistic environments that draw both residents and tourists alike. Events tied to the city’s literary legacy and local festivals also provide periodic spikes in consumer traffic that can support specialty retail, art and gift shops, dining concepts, and service-oriented tenants. Combined with coordinated economic development efforts and community pride, these elements position Monroeville as a favorable market for retail investors looking to engage both everyday needs and experiential retail opportunities.Exclusive Realty is pleased to present a two-tenant net-lease retail investment occupied by AT&T and Hibbett Sports in Monroeville, Alabama. The property offers stable, diversified cash flow from two nationally recognized brands operating under long-term leases with built-in renewal options. Both tenants are currently in their first renewal option periods, providing near-term income stability with additional option upside. The asset is positioned along a primary commercial corridor serving as the dominant retail hub for Monroe County and surrounding rural trade areas. Limited competing retail supply, combined with Monroeville’s role as a county seat and regional service center, supports consistent daily traffic and tenant performance. Rents are in line with prevailing market levels, limiting downside risk at rollover. The property benefits from a recently installed Versico roofing system with a long-term transferable warranty, reducing near-term capital exposure. With staggered lease expirations, market-rate rents, and a balanced tenant mix spanning essential services and soft-goods retail, the investment offers an attractive combination of yield, durability, and long-term optionality at a compelling entry cap rate.