Verizon Wireless For Sale, Southeast Region

Property Description

• Verizon Wireless For Sale With a New 10-Year Net Lease

• Corporate Guarantee

• Excellent Retail Corridor Location

New Verizon Wireless For Sale with approximately 32 parking spaces. The initial annual rent of $153,000 increases by 10% in year six. The lease is net with the tenant responsible for taxes, insurance, and maintenance of the landscape, interior portions of the building, HVAC, paving (limited to minor repairs, sealing and striping) and exterior portions of the doors and windows. The landlord is responsible for maintaining and replacing the roof and structural portions of the premises, including underground utility and plumbing lines, and parking lot and sidewalks (excluding the tenant's responsibility for minor repairs and maintenance). The tenant has two five-year renewal options under the same terms and conditions with the annual rent increasing by 10% at the commencement of each renewal option.

The property is located in a area experiencing rapid commercial and residential development, with the population within a three-mile ring expected to increase by almost 10% between 2006 and 2011. The property is two parcels away from a signalized intersection where the average annual daily traffic count is 28,900. Immediately next door to the property is a Wendy's, which shares ingress and egress with the property.

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