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Verizon (Centralia, IL)
1144 W McCord St
Centralia, IL 62801

Price: $1,160,000

CAP Rate: 5.50% 

Leasable Area: 2,000 SF

Status: Available 

Lease Type: Double Net (NN) (10 Year Roof Warranty)

Lease Term Remaining: 9 Years 

Guarantee: Franchisee (More than 900+ stores)

NOI: $63,900 / Year
Investment Highlights
  • Large Guarantor & Largest Verizon Operator of 900+ Units | Experienced Operator ensures safety and security of the operations of the brand against a 900+ store Guarantee
  • Outparcel to Walmart | Anchor Tenant Walmart paired with Walmart Gas allows for increased traffic and visibility
  • 10 year Roof Warranty | Developers Roof Warranty blended with Double Net (NN) Lease allows for risk free maintenance for the landlord.
  • Ideal Management Free Real Estate | Net Lease Investment Income ideal for 1031 Exchange Buyers seeking management free income while sustaining taxable depreciation. 
  • Surrounding Nationally Recognized Neighboring Tenants | Walmart, Hardees, McDonald's, Aldi, Taco Bell, Sonic, Wendy's, Big Lots, Dollar Tree and several others

Lead Agent: 


Neil Naran

Phone:  (909) 456-3476

Mobile: (949) 842-9202

Email: Neil.Naran@Marcusmillichap.com

Lic. # 02025512

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Shane McConnell

Phone:  (949) 419-3258

Mobile: (949) 933-5923

Email: Shane.McConnell@marcusmillichap.com

Lic. # 01177592