Electronics
Verizon - New 10 Yr Lease
31450 N US Hwy 12, Lakemoor, IL 60051
Listing Price: $3,424,000
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. For residential customers, Verizon FiOS is America’s largest 100% fiber-optic network to the home, providing the nation’s fastest, most consistent and most reliable Internet service, as well as TV with the best picture quality.
The Village of Lakemoor is located in Lake and McHenry counties in Illinois. Lakemoor is strategically located in the Chicago metro area and is home to high traffic regional transportation corridors, making it easily accessible by nearby communities.
Verizon - New 10 Yr Lease
Investment Highlights
- Brand New 10-Year Lease - 2026 Construction - Chicago MSA
- 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
- Affluent Trade Area - Average Household Income Exceeds $162,000 within One Mile
- Situated at Lakewood's Primary Retail Intersection, Outparcel to Woodman's Food Market and Adjacent to National Tenants: Starbucks, Chipotle, Taco Bell, and More
- High Traffic Location Near the Corner of North US Highway 12 and West Belvedere Road (±59,600 Combined Cars per Day at the Intersection)
- Located in the Chicago MSA with 89,635 Residents within a Five-Mile Radius
Listing Price: $3,424,000
Investment Highlights
- Brand New 10-Year Lease - 2026 Construction - Chicago MSA
- 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
- Affluent Trade Area - Average Household Income Exceeds $162,000 within One Mile
- Situated at Lakewood's Primary Retail Intersection, Outparcel to Woodman's Food Market and Adjacent to National Tenants: Starbucks, Chipotle, Taco Bell, and More
- High Traffic Location Near the Corner of North US Highway 12 and West Belvedere Road (±59,600 Combined Cars per Day at the Intersection)
- Located in the Chicago MSA with 89,635 Residents within a Five-Mile Radius
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. For residential customers, Verizon FiOS is America’s largest 100% fiber-optic network to the home, providing the nation’s fastest, most consistent and most reliable Internet service, as well as TV with the best picture quality. The Village of Lakemoor is located in Lake and McHenry counties in Illinois. Lakemoor is strategically located in the Chicago metro area and is home to high traffic regional transportation corridors, making it easily accessible by nearby communities.
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