loader
Join Free
DOM: 241 Updated: 10.11.24 Posted: 09.12.24 Status: Active

Summary

Price $1,653,847
Built/Renov 1994/2024
Tenant Verizon
Cap Rate 6.50%
Lease Type NN+
Guarantor Franchisee
Size/SF 3,340
Lease Start 12-01-2025
#Units 800
Price/SF $495.16
Expiration 11-30-2031
Tenant Type Tel/Cell
NOI $107,500
R. Term 6.6
Ownership Fee Simple
Rent/SF $32.19
Increases 10.0%/7/yrs
Pop 5Mi 284,923
Lot/AC 0.29
Options 4/5yrs/10%
AHHI 5Mi $78,079

Lease Highlights

  • Brand new 7-year lease with 4 (5-year) options to extend
  • The lease features 10% rental increases at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Lease guaranteed by largest Verizon authorized retailer in the U.S. - Cellular Sales of Knoxville, Inc.

Location Description

Verizon is strategically located on Southfield Road, a major retail thoroughfare with access to a substantial daily traffic count of 93,000 vehicles. The property is in close proximity to numerous Ford Motor Company facilities, Roush Industries, and several hotel developments. The immediate area features prominent national tenants including CVS, AutoZone, Culver's, Kroger, Chick-fil-A,...

...

Maps

This image is no longer available
Rotate the view
Google
Image may be subject to copyright
This image is no longer available
Rotate the view
Google
Image may be subject to copyright
  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Verizon is the largest wireless telecommunications provider in the United States. The company offers America's largest 4G LTE network and the nation’s largest high-speed 3G network. For...


...

Listing Broker

Loading...
Deno Bistolarides

ENCORE Real Estate Investment Services

Contact
  • 78 Listings
  • 15207 Views
  • 36 Sold
Ayson Shammami

ENCORE Real Estate Investment Services

Contact
  • 31 Listings
  • 7028 Views
  • 13 Sold

Deno Bistolarides is a founding member and Managing Partner of Encore Real Estate Investment Services. Along with his partners Brandon Hanna and Ryan Vinco, Deno oversees a team of seasoned investment professionals that focus on advising clients in the acquisition and disposition of net leased and multi-tenant retail assets throughout the United States. In his career, which has spanned over a decade, Deno has advised private clients, developers, institutions and has completed over 400 transacti

...

Ayson Shammami is a Senior Director of Investment Sales at Encore Real Estate Investment Services in West Bloomfield, MI. He joined the company in 2018 as an Associate Advisor specializing in retail properties and later expanded his practice to include industrial properties. Quick to learn and driven to excel, from the start at Encore Shammami demonstrated an aptitude for the commercial real estate industry and an understanding of the national retail landscape that far surpassed his level of

...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity
BESbswy
BESbswy
BESbswy
BESbswy
BESbswy