Electronics

Verizon Wireless | Orlando MSA

1415 FL-50, Clermont, FL 34711

Listing Price: $3,600,000

Cap Rate
7.40%
Tenant Name
Verizon Wireless
Years Remaining On Lease
2.4
Guarantor
Corporate Guarantee
Rentable SF
4,595
Lease Type
Double Net
Rent Per Square Feet
$58.00

Investment Overview

Marcus & Millichap is pleased to present Verizon Wireless | Orlando MSA, located in Clermont, Florida. This property was built-to-suit for Verizon Wireless in 2008, and the tenant's lease is guaranteed by Verizon Wireless Personal Communications LP, a wholly-owned subsidiary of Verizon Wireless. Verizon holds a double-net lease with 2.5 years of lease term remaining and one, five-year option with a 10 percent rental increase. The property is ideally situated on the signalized, hard corner intersection of Route 50 and Sandhill View Boulevard with 48,000 vehicles passing per day. Nearby Lowe's Home Improvement, Dick's Sporting Goods, and Hobby Lobby drive traffic to the area. The population within three miles of the subject property is expected to increase 10 percent by 2024.

Investment Highlights

  • Built-to-Suit for Verizon Wireless in 2008
  • National Tenant - Verizon Wireless | "BBB+" Standard and Poor's Credit Rating
  • Double-Net Lease with 2.5 Years of Lease Term Remaining
  • Ideally Situated on the Signalized, Hard Corner Intersection of Route 50 and Sandhill View Boulevard
  • Shadow Anchored by Lowe's Home Improvement, Dick's Sporting Goods, and Hobby Lobby
  • Located in Award Winning City Within Orlando Metropolitan Statistical Area

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

Electronics

Verizon Wireless | Orlando MSA

Listing Price: $3,600,000

Cap Rate
7.40%
Tenant Name
Verizon Wireless
Years Remaining On Lease
2.4
Guarantor
Corporate Guarantee
Rentable SF
4,595
Lease Type
Double Net
Rent Per Square Feet
$58.00

Investment Highlights

  • Built-to-Suit for Verizon Wireless in 2008
  • National Tenant - Verizon Wireless | "BBB+" Standard and Poor's Credit Rating
  • Double-Net Lease with 2.5 Years of Lease Term Remaining
  • Ideally Situated on the Signalized, Hard Corner Intersection of Route 50 and Sandhill View Boulevard
  • Shadow Anchored by Lowe's Home Improvement, Dick's Sporting Goods, and Hobby Lobby
  • Located in Award Winning City Within Orlando Metropolitan Statistical Area

Investment Overview

Marcus & Millichap is pleased to present Verizon Wireless | Orlando MSA, located in Clermont, Florida. This property was built-to-suit for Verizon Wireless in 2008, and the tenant's lease is guaranteed by Verizon Wireless Personal Communications LP, a wholly-owned subsidiary of Verizon Wireless. Verizon holds a double-net lease with 2.5 years of lease term remaining and one, five-year option with a 10 percent rental increase. The property is ideally situated on the signalized, hard corner intersection of Route 50 and Sandhill View Boulevard with 48,000 vehicles passing per day. Nearby Lowe's Home Improvement, Dick's Sporting Goods, and Hobby Lobby drive traffic to the area. The population within three miles of the subject property is expected to increase 10 percent by 2024.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

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