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Electronics

Verizon | New Construction 10-Yr Lease

NWC Airport Road & S Division Street, Harvard, IL 60033

Listing Price: $2,527,500

Cap Rate
7.00%
Tenant Name
Verizon
Years Remaining On Lease
9.9
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$842.50
Lease Type
Double Net
Rent Per Square Feet
$58.98

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.

Harvard is a city located in McHenry County, Illinois. The population was 9,469 at the 2020 census. The city is 63 miles from the Chicago Loop and it is the last stop on the Union Pacific Northwest Line.

Investment Highlights

  • Brand New 10-Year Lease - 2025 Construction
  • 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 Harvard's Primary Retail Intersection – in Immediate Proximity to Walmart, McDonald's, Taco Bell, and More
  • Highly Visible Location Along US Hwy-14 with Easy Access from Airport Rd
  • Easily Accessible From US Hwy-14, Significant Connector Providing Direct Access North into Wisconsin and Southeast to Chicago

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Managing Director, Market Leader - Chicago

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Electronics

Verizon | New Construction 10-Yr Lease

Listing Price: $2,527,500

Cap Rate
7.00%
Tenant Name
Verizon
Years Remaining On Lease
9.9
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$842.50
Lease Type
Double Net
Rent Per Square Feet
$58.98

Investment Highlights

  • Brand New 10-Year Lease - 2025 Construction
  • 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 Harvard's Primary Retail Intersection – in Immediate Proximity to Walmart, McDonald's, Taco Bell, and More
  • Highly Visible Location Along US Hwy-14 with Easy Access from Airport Rd
  • Easily Accessible From US Hwy-14, Significant Connector Providing Direct Access North into Wisconsin and Southeast to Chicago

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. Harvard is a city located in McHenry County, Illinois. The population was 9,469 at the 2020 census. The city is 63 miles from the Chicago Loop and it is the last stop on the Union Pacific Northwest Line.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Managing Director, Market Leader - Chicago

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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