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Electronics

Verizon

SWC E Rockton Rd & Quail Trail, Rockton, IL 61073

Listing Price: $2,742,400

Cap Rate
6.60%
Tenant Name
Verizon
Years Remaining On Lease
10.4
Gross SF
3,300
Guarantor
Franchisee Guarantee
Rentable SF
3,300
Price/Gross SF
$831.03
Lease Type
Double Net
Rent Per Square Feet
$54.85

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 employs over 7,000 people and operates nearly 800 locations across 41 states.

Rockton is a village in Winnebago County, Illinois, located in the Rock River Valley and part of the Rockford metropolitan area. The village is home to an estimated 7,800 residents.

Investment Highlights

  • Brand New 10-Year Lease - 2025 Construction - This Location will Feature a Call Center
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Tenant/Guarantor is One of the Largest Verizon Wireless Retailers in the U.S. with More Than 800 Locations Across 41 States
  • Situated at Rockton's Primary Retail Intersection - Outparcel to Blain's Farm & Fleet and in Immediate Proximity to Walmart, McDonald's, Taco Bell, and More
  • Highly Visible Location Along Rockton Road with Easy Access from North 2nd Street

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Listing Price: $2,742,400

Cap Rate
6.60%
Tenant Name
Verizon
Years Remaining On Lease
10.4
Gross SF
3,300
Guarantor
Franchisee Guarantee
Rentable SF
3,300
Price/Gross SF
$831.03
Lease Type
Double Net
Rent Per Square Feet
$54.85

Investment Highlights

  • Brand New 10-Year Lease - 2025 Construction - This Location will Feature a Call Center
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Tenant/Guarantor is One of the Largest Verizon Wireless Retailers in the U.S. with More Than 800 Locations Across 41 States
  • Situated at Rockton's Primary Retail Intersection - Outparcel to Blain's Farm & Fleet and in Immediate Proximity to Walmart, McDonald's, Taco Bell, and More
  • Highly Visible Location Along Rockton Road with Easy Access from North 2nd Street

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 employs over 7,000 people and operates nearly 800 locations across 41 states. Rockton is a village in Winnebago County, Illinois, located in the Rock River Valley and part of the Rockford metropolitan area. The village is home to an estimated 7,800 residents.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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