NEW Verizon Wireless - Vero Beach1550 U.S. 1, Vero Beach, FL Cap Rate 5.1%

Cap Rate: 5.1%
NOI: $128,000
Building Size: 2,258 sqft
Lot Area: 0.47 acres
Occupancy: 100%
Lease Type: Triple Net
Year Built: 2020
Tenancy: Single

DESCRIPTION
Prime NNN 10-Year Verizon Wireless located in Vero Beach, FL - a highly sought after investment area. Brand new construction in a dense retail corridor with Publix, Neighborhood Walmart, Starbucks, Einstein's, CVS, Walgreens, and more. Located in a high growth market with excellent access and high visibility along US-1 with 26,000 cars per day, and ideally situated on the corner of lighted intersection. Minimal Landlord responsibilities - Roof/Structure/HVAC over $3,750.

HIGHLIGHTS

• 10-Year NNN Lease with Minimal Landlord Responsibilities
• Corporate Guaranty from Cellular Sales of Knoxville
• Expanding Tenant, Expected to Grow to 1,500 Stores by 2025
• Rent Increases Every 5 Years During Base Term and Options
• 2nd Largest Verizon Wireless Authorized Retailer with 780+ Locations and Over $2 Billion in Revenue (2018)
• Brand New 2020 Construction with Upgraded Design

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
# ID de Propiedad: 358038156
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