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Electronics

Verizon

11345 S Fortuna Rd, Yuma, AZ 85367

Listing Price: $2,055,800

Cap Rate
6.25%
Tenant Name
Verizon (Cellular Sales of Arizona, LLC)
Years Remaining On Lease
2.2
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$685.27
Lease Type
Double Net
Rent Per Square Feet
$42.79

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 one of the largest Verizon Wireless retailers in the United States, Cellular Sales was founded in Knoxville, TN in 1993. The company employs over 7,000 people and is currently operates nearly 800 locations across 41 states.

The City of Yuma is nestled right in the southwest corner of Arizona, bordering California and Mexico. Home to over 100,000 residents, the population nearly doubles during the winter season. Once a busy river port sending military supplies shipped from California to forts and camps in the Southwest to fight the Apache wars, today Yuma is a winter retreat for thousands of visitors craving its warm, dry and sunny climate.

Investment Highlights

  • Tenant/Guarantor is One of the Largest Verizon Wireless Retailers in the U.S. with More Than 800 Locations Across 41 States
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • Newer 2017 Construction
  • 46,530 Residents within a 5-Mile Radius - Growing Yuma Trade Area
  • Situated Immediately Off the I-8 Freeway, a Major Connector Providing a Direct Route Between Phoenix and San Diego

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Listing Price: $2,055,800

Cap Rate
6.25%
Tenant Name
Verizon (Cellular Sales of Arizona, LLC)
Years Remaining On Lease
2.2
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$685.27
Lease Type
Double Net
Rent Per Square Feet
$42.79

Investment Highlights

  • Tenant/Guarantor is One of the Largest Verizon Wireless Retailers in the U.S. with More Than 800 Locations Across 41 States
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • Newer 2017 Construction
  • 46,530 Residents within a 5-Mile Radius - Growing Yuma Trade Area
  • Situated Immediately Off the I-8 Freeway, a Major Connector Providing a Direct Route Between Phoenix and San Diego

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 one of the largest Verizon Wireless retailers in the United States, Cellular Sales was founded in Knoxville, TN in 1993. The company employs over 7,000 people and is currently operates nearly 800 locations across 41 states. The City of Yuma is nestled right in the southwest corner of Arizona, bordering California and Mexico. Home to over 100,000 residents, the population nearly doubles during the winter season. Once a busy river port sending military supplies shipped from California to forts and camps in the Southwest to fight the Apache wars, today Yuma is a winter retreat for thousands of visitors craving its warm, dry and sunny climate.

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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