Shopoff Realty Investments and co-investment partner Praelium Commercial Real Estate have acquired a single-tenant four-story office building for an undisclosed amount.

Dallas-based AT&T Inc. occupies the entire 125,000 square foot property — situated on 9.14 acres of land at 4100 Stream Boulevard in Charlotte’s I-77 Corridor — through a triple-net lease as part of its corporate office layout in Charlotte.

The release indicates that if AT&T did not sign a lease renewal then finding a new tenant would not be an issue.

“The property’s location in a highly desirable and growing submarket of Charlotte,” said Shopoff Realty Investments CEO William Shopoff, “along with the building quality and investment-grade tenant, made this asset very attractive to our team.

Charlotte’s I-77 Corridor submarket is located near Charlotte Douglas International Airport, I-485, the LYNX Light Rail Line and I-77 as part of the area’s namesake.

Less than a mile away is the newly completed City Park, a mixed-use development with shopping, restaurants, a hotel and 15 acres of green space.

The area has experienced a population growth of 16.8 percent since the year 2000, the release says, highlighting Shopoff’s investment thesis that the area is bound to grow.

“As the market continues to mature,” said Shopoff, “we believe the property will benefit from potentially higher market rental rates and a subsequent property value increase.”