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Electronics

Verizon | Corp. Store | 25K+ Population in 1-Mile Radius

1305 S Alma School Rd, Mesa, AZ 85210

Listing Price: $3,600,000

Cap Rate
6.22%
Tenant Name
Verizon Wireless, LLC
Years Remaining On Lease
4.4
Gross SF
4,000
Guarantor
Corporate Guarantee
Rentable SF
4,000
Price/Gross SF
$900.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.00

Investment Overview

Verizon is the largest wireless telecommunications provider in the United States. The company offers the largest 4G LTE network in America and the nation’s largest high-speed 3G network. For residential customers, Verizon FiOS is America’s largest 100 percent fiber-optic network to the home, providing the nation’s fastest, most consistent and most reliable Internet service, as well as TV with the best picture quality. Mesa is the third largest city in Arizona, after Phoenix and Tucson, and the 38th largest city in the U.S. It is home to numerous higher education facilities, including the Polytechnic campus of Arizona State University. The city’s top employers include Banner Health, Boeing, Walmart, Fry’s Food & Drug, and The Home Depot.

Investment Highlights

  • Five Years Remaining on Triple-Net (NNN) Lease with Verizon Corporate
  • Rental Increases in Each of the Three, Five Year Renewal Option Periods
  • 423,775 Residents within a Five-Mile Radius - Densely Populated and Growing Mesa Trade Area in the Phoenix MSA
  • Excellent Frontage Along South Alma School Road (Over 37,800 Cars per Day) with Immediate Access to the Superstition Freeway (US-60) (Over 281,500 Cars per Day)
  • One Mile from Mesa Community College (Over 16,500 Students) and Two Miles from Banner Desert Medical Center
  • Across the Street from In-N-Out Burger, Dutch Bros Coffee, and LongHorn Steakhouse, and in Close Proximity to Numerous Other National Retailers - Target, Walgreens, McDonald's, Dollar Tree, and More
  • Across from a Proposed 514-Unit Residential Development and Commercial Buildings
  • Adjacent to The Mesa Tower - a 16-Story, 311,949 Square Foot, Class A High-Rise Office Building

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Electronics

Verizon | Corp. Store | 25K+ Population in 1-Mile Radius

Listing Price: $3,600,000

Cap Rate
6.22%
Tenant Name
Verizon Wireless, LLC
Years Remaining On Lease
4.4
Gross SF
4,000
Guarantor
Corporate Guarantee
Rentable SF
4,000
Price/Gross SF
$900.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$56.00

Investment Highlights

  • Five Years Remaining on Triple-Net (NNN) Lease with Verizon Corporate
  • Rental Increases in Each of the Three, Five Year Renewal Option Periods
  • 423,775 Residents within a Five-Mile Radius - Densely Populated and Growing Mesa Trade Area in the Phoenix MSA
  • Excellent Frontage Along South Alma School Road (Over 37,800 Cars per Day) with Immediate Access to the Superstition Freeway (US-60) (Over 281,500 Cars per Day)
  • One Mile from Mesa Community College (Over 16,500 Students) and Two Miles from Banner Desert Medical Center
  • Across the Street from In-N-Out Burger, Dutch Bros Coffee, and LongHorn Steakhouse, and in Close Proximity to Numerous Other National Retailers - Target, Walgreens, McDonald's, Dollar Tree, and More
  • Across from a Proposed 514-Unit Residential Development and Commercial Buildings
  • Adjacent to The Mesa Tower - a 16-Story, 311,949 Square Foot, Class A High-Rise Office Building

Investment Overview

Verizon is the largest wireless telecommunications provider in the United States. The company offers the largest 4G LTE network in America and the nation’s largest high-speed 3G network. For residential customers, Verizon FiOS is America’s largest 100 percent fiber-optic network to the home, providing the nation’s fastest, most consistent and most reliable Internet service, as well as TV with the best picture quality. Mesa is the third largest city in Arizona, after Phoenix and Tucson, and the 38th largest city in the U.S. It is home to numerous higher education facilities, including the Polytechnic campus of Arizona State University. The city’s top employers include Banner Health, Boeing, Walmart, Fry’s Food & Drug, and The Home Depot.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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