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No Tenant Specified

Verizon

504 IAA Dr, Bloomington, IL 61701

Listing Price: $1,553,184

Cap Rate
6.25%
Tenant Name
Verizon
Years Remaining On Lease
8.8
Gross SF
4,324
Guarantor
Corporate Guarantee
Rentable SF
4,324
Price/Gross SF
$359.20
Lease Type
Double Net
Rent Per Square Feet
$22.45

Investment Overview

Corporate Guarantee by CellCo Partnership d/b/a Verizon Wireless – Verizon’s Largest Subsidiary | Investment-Grade Tenant: Verizon (NYSE, Nasdaq: VZ) has a Credit Rating of BBB+ (S&P)

Tenant has Been in This Location since 2004 | | 9+ Years Remaining on an NN Lease

7% Rental Increase in 2027 | No Remaining Options

Tenant is Responsible for Repair and Resurfacing of Parking Lot and Maintenance and Repair of the Exterior Surfaces of the Premises, Including the Roof

Tenant is Investing in Site and Installing Express Pickup Lockers at This Location

College Town: Property is Within Six Miles from Three Universities/Colleges: Illinois Wesleyan University, Illinois State University, and Heartland Community College (Combined Enrollment Almost 30,000)

Excellent Location at the Intersection of E Empire Street (20,500 VPD) and State Highway 55/Veterans Parkway (39,300 VPD) | Multiple Points of Ingress/Egress with a Signalized Intersection

Ideal Demographics: 3-Mile Daytime Population of 133,145; 1-Mile Average Household Income of $96,539

Surrounded by Major National Retailers and Highly Trafficked Indoor and Outdoor Malls:
• Eastland Mall (2.7M Visits Per Year and the Only Indoor Mall in 30 Miles);
• Parkway Shopping Center (2.3M Visits Per Year);
• Empire Crossing (2M Visits Per Year);
•Bloomington Commons (1.7M Visits Per Year);
•Lakewood Plaza (1M Visits Per Year)

Across the Street From the #4 Lowe’s Home Improvement Center Statewide with Over 613K Visits Per Year

Across the Street From Top 10 Kohl’s in the State with Over 634K Visits Per Year

Less than One Mile from the #3 Hy-Vee Statewide with 1.3M Visits Per Year

Less than One Mile from the #1 Crunch Fitness Center Statewide with Over 782K Visits Per Year

One Mile From the Top TJ Maxx in the State with Over 780K Visits Per year

One Mile from the Top 10 Target Center Statewide with 2.1M Visits Per Year

Two Miles from the #8 Walmart Supercenter Statewide with 2.7M Visits Per Year

Two Miles from OSF St. Joseph Medical Center and Advocate BroMenn Medical Center (Combined Visits Per Year Almost 1.5M)

Two Miles From the #3 Aldi Statewide with Over 414K Visits Per Year

Two Miles from the #12 Kroger Marketplace Statewide with Over 716K Visits Per Year

Located Five Minutes from State Farm Mutual Insurance Company’s Headquarters | State Farm Employs over 15,000 People in the Area

Investment Highlights

  • Corporate Guarantee by CellCo Partnership d/b/a Verizon Wireless – Verizon's Largest Subsidiary | Investment-Grade Tenant: Verizon (NYSE, Nasdaq: VZ) has a Credit Rating of BBB+ (S&P)
  • Tenant is Responsible for Repair and Resurfacing of Parking Lot and Maintenance and Repair of the Exterior Surfaces of the Premises, Including the Roof
  • Excellent Location at the Intersection of E Empire Street (20,500 VPD) and State Highway 55/Veterans Parkway (39,300 VPD) | Multiple Points of Ingress/Egress with a Signalized Intersection

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

No Tenant Specified

Verizon

Listing Price: $1,553,184

Cap Rate
6.25%
Tenant Name
Verizon
Years Remaining On Lease
8.8
Gross SF
4,324
Guarantor
Corporate Guarantee
Rentable SF
4,324
Price/Gross SF
$359.20
Lease Type
Double Net
Rent Per Square Feet
$22.45

Investment Highlights

  • Corporate Guarantee by CellCo Partnership d/b/a Verizon Wireless – Verizon's Largest Subsidiary | Investment-Grade Tenant: Verizon (NYSE, Nasdaq: VZ) has a Credit Rating of BBB+ (S&P)
  • Tenant is Responsible for Repair and Resurfacing of Parking Lot and Maintenance and Repair of the Exterior Surfaces of the Premises, Including the Roof
  • Excellent Location at the Intersection of E Empire Street (20,500 VPD) and State Highway 55/Veterans Parkway (39,300 VPD) | Multiple Points of Ingress/Egress with a Signalized Intersection

Investment Overview

Corporate Guarantee by CellCo Partnership d/b/a Verizon Wireless – Verizon’s Largest Subsidiary | Investment-Grade Tenant: Verizon (NYSE, Nasdaq: VZ) has a Credit Rating of BBB+ (S&P) Tenant has Been in This Location since 2004 | | 9+ Years Remaining on an NN Lease 7% Rental Increase in 2027 | No Remaining Options Tenant is Responsible for Repair and Resurfacing of Parking Lot and Maintenance and Repair of the Exterior Surfaces of the Premises, Including the Roof Tenant is Investing in Site and Installing Express Pickup Lockers at This Location College Town: Property is Within Six Miles from Three Universities/Colleges: Illinois Wesleyan University, Illinois State University, and Heartland Community College (Combined Enrollment Almost 30,000) Excellent Location at the Intersection of E Empire Street (20,500 VPD) and State Highway 55/Veterans Parkway (39,300 VPD) | Multiple Points of Ingress/Egress with a Signalized Intersection Ideal Demographics: 3-Mile Daytime Population of 133,145; 1-Mile Average Household Income of $96,539 Surrounded by Major National Retailers and Highly Trafficked Indoor and Outdoor Malls: • Eastland Mall (2.7M Visits Per Year and the Only Indoor Mall in 30 Miles); • Parkway Shopping Center (2.3M Visits Per Year); • Empire Crossing (2M Visits Per Year); •Bloomington Commons (1.7M Visits Per Year); •Lakewood Plaza (1M Visits Per Year) Across the Street From the #4 Lowe’s Home Improvement Center Statewide with Over 613K Visits Per Year Across the Street From Top 10 Kohl’s in the State with Over 634K Visits Per Year Less than One Mile from the #3 Hy-Vee Statewide with 1.3M Visits Per Year Less than One Mile from the #1 Crunch Fitness Center Statewide with Over 782K Visits Per Year One Mile From the Top TJ Maxx in the State with Over 780K Visits Per year One Mile from the Top 10 Target Center Statewide with 2.1M Visits Per Year Two Miles from the #8 Walmart Supercenter Statewide with 2.7M Visits Per Year Two Miles from OSF St. Joseph Medical Center and Advocate BroMenn Medical Center (Combined Visits Per Year Almost 1.5M) Two Miles From the #3 Aldi Statewide with Over 414K Visits Per Year Two Miles from the #12 Kroger Marketplace Statewide with Over 716K Visits Per Year Located Five Minutes from State Farm Mutual Insurance Company’s Headquarters | State Farm Employs over 15,000 People in the Area

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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