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Views: 74 DOM: 44 Updated: 10.30.24 Posted: 09.17.24 Status: Active

Summary

Price $1,946,417
Built/Renov 2015
Tenant Verizon
Cap Rate 6.00%
Lease Type Double NN
Guarantor Franchisee
Size/SF 3,913
Lease Start 10-28-2015
#Units 800
Price/SF $497.42
Expiration 10-28-2025
Tenant Type Tel/Cell
NOI $116,785
R. Term 0.12
Ownership Fee Simple
Rent/SF $29.85
Increases 5.0%/1/yrs
Pop 5Mi 67,427
Lot/AC 0.76
Options 2/5yrs/5%
AHHI 5Mi $64,077

Lease Highlights

  • Verizon has 1 year remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 5% rental increases at the start of each option period
  • Lease guaranteed by largest Verizon authorized retailer in the U.S. - Cellular Sales of Knoxville, Inc.

Location Description

Verizon Wireless is strategically located on US Highway 92 W, with access to 39,000 vehicles passing by daily. The property is surrounded by prominent national tenants, including Walmart, Lowe's, Aldi, and more. Key community educational institutions within a 4-mile radius include Auburndale High School, Judy Kay McDonald Middle School, and Jan Phyl Village Elementary School, among others. The...

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Maps

  • 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...


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Listing Broker

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