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Electronics

Verizon

518 S 2nd St, Coshocton, OH 43812

Listing Price: $2,278,000

Cap Rate
6.85%
Tenant Name
Cellular Sales of Ohio, LLC
Years Remaining On Lease
10.2
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$759.33
Lease Type
Double Net
Rent Per Square Feet
$52.02

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. Recognized as the largest Verizon wireless retailer in the United States, Cellular Sales was founded in Knoxville, Tennessee in 1993 by University of Tennessee graduates, Dane and Meg Scism. The company employs over 7,000 people and is currently operates nearly 800 locations across 40 states. Covering over 564 square miles and 22 townships, Coshocton County is located in East-Central Ohio. With its rich history of manufacturing innovations and local retailers, the county seat, Coshocton, is known as “The Made in the USA City.”

Investment Highlights

  • Brand New 10-Year Lease with Verizon - 2023 Construction
  • Tenant is the Largest Verizon Retailer in the United States with Nearly 800 Locations
  • 10 Percent Rental Increases Every Five Years
  • Excellent Visibility Along South 2nd Street (More than 11,800 Cars per Day)
  • Situated Within a Dense Retail Corridor Down the Road from Downtown Coshocton - Retailers Include Big Lots, Tractor Supply Co, Rural King, McDonald's, ALDI, and Arby's
  • Easily Accessible Location Just Off the SR-16 / US-36, Offering Direct Access to Columbus
  • Five Minutes from Historic Roscoe Village, a Major Tourist Attraction in the Area
  • Two Miles from Coshocton County Fairgrounds

Exclusively Listed By

Financing By

Electronics

Verizon

Listing Price: $2,278,000

Cap Rate
6.85%
Tenant Name
Cellular Sales of Ohio, LLC
Years Remaining On Lease
10.2
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$759.33
Lease Type
Double Net
Rent Per Square Feet
$52.02

Investment Highlights

  • Brand New 10-Year Lease with Verizon - 2023 Construction
  • Tenant is the Largest Verizon Retailer in the United States with Nearly 800 Locations
  • 10 Percent Rental Increases Every Five Years
  • Excellent Visibility Along South 2nd Street (More than 11,800 Cars per Day)
  • Situated Within a Dense Retail Corridor Down the Road from Downtown Coshocton - Retailers Include Big Lots, Tractor Supply Co, Rural King, McDonald's, ALDI, and Arby's
  • Easily Accessible Location Just Off the SR-16 / US-36, Offering Direct Access to Columbus
  • Five Minutes from Historic Roscoe Village, a Major Tourist Attraction in the Area
  • Two Miles from Coshocton County Fairgrounds

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. Recognized as the largest Verizon wireless retailer in the United States, Cellular Sales was founded in Knoxville, Tennessee in 1993 by University of Tennessee graduates, Dane and Meg Scism. The company employs over 7,000 people and is currently operates nearly 800 locations across 40 states. Covering over 564 square miles and 22 townships, Coshocton County is located in East-Central Ohio. With its rich history of manufacturing innovations and local retailers, the county seat, Coshocton, is known as “The Made in the USA City.”

Exclusively Listed By

Financing By

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