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VERIZON
(CENTRALIA, IL)
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
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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
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Outparcel to Walmart | Anchor Tenant Walmart paired with Walmart Gas allows for increased traffic and visibility
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10 year Roof Warranty | Developers Roof Warranty blended with Double Net (NN) Lease allows for risk free maintenance for the landlord.
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Ideal Management Free Real Estate | Net Lease Investment Income ideal for 1031 Exchange Buyers seeking management free income while sustaining taxable depreciation.
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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
Shane McConnell
Phone: (949) 419-3258
Mobile: (949) 933-5923
Email: Shane.McConnell@marcusmillichap.com
Lic. # 01177592
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