Verizon Wireless 2826 North Broadway, Pittsburg, KS Cap Rate 6% Pittsburg ( Kansas, US ) Built

$1,220,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 3,485 sq. ft.
  • Development Level: Built
  • Lot Size: 0.44 acres
  • Year Built: 1994

Description

Verizon Wireless 2826 North Broadway, Pittsburg, KS Cap Rate 6%

Cap Rate: 6%
NOI: $73,185
Building Size: 3,485 sqft
Lot Area: 0.44 acres
Year Built: 1994
Tenancy: Single
Year Last Renovated: 2020
Lease Expire Year: 5/31/2030

Price: $1,220,000 USD

DESCRIPTION
Newly Renovated Single-Tenant Verizon Wireless Relocation Store in College Town:
-Rare 10-year lease with no early termination rights
-Less than 5% of all Verizon leases nationwide have 10-year leases with no termination rights
-CPI increases every 5 years to hedge against inflation
-Renovated to Verizon’s newest prototype in 2020
-More than $200,000 of improvements made to the building, including new roof, new façade, and complete interior renovation
-Lease guaranty from the largest Verizon franchisee in the U.S., Cellular Sales ($2 billion of annual revenue)
-CSK has more than 795 stores in 40 states and over 7,200 employees

Relocation Store; Established Customer Base: Only location in the entire market
College Town Location: Pittsburg State University is a fully accredited state university with more than 7,400 students
Pad to the Newly Renovated Walmart Shadow Anchored Shopping Center, Adjacent to Starbucks
Outstanding Location within Pittsburg's Primary Retail Corridor

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

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Information is deemed to be correct but not guaranteed.