Electronics

Verizon Corporate | 6.88% Cap Oct. 2021 | Atlantic City MSA

6042 E Black Horse Pike, Egg Harbor Township, NJ 08234

Listing Price: $3,680,000

Cap Rate
6.25%
Tenant Name
Cellco Partnership d/b/a Verizon Wireless
Years Remaining On Lease
5.7
Guarantor
Corporate Guarantee
Rentable SF
6,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.33

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. The Township of Egg Harbor is located in the heart of New Jersey’s Atlantic County, a large and diverse community home to more than 43,000 residents. Egg Harbor Township is the most populous place in Atlantic County.

Investment Highlights

  • 6 Years Remaining on Corporate Triple-Net (NNN) Lease with Verizon
  • 10% Rental Increases Every 5 Years
  • 61,200 Residents within a 5-Mile Radius - Growing Egg Harbor Township Trade Area
  • Excellent Visibility Along East Black Horse Pike (34,200+ Cars/Day)
  • Outparcel to Lowe's

Broker of Record

  • Brian Hosey

    Vice President / District Manager

    License(s): NJ: 1434917

    New Jersey

Electronics

Verizon Corporate | 6.88% Cap Oct. 2021 | Atlantic City MSA

Listing Price: $3,680,000

Cap Rate
6.25%
Tenant Name
Cellco Partnership d/b/a Verizon Wireless
Years Remaining On Lease
5.7
Guarantor
Corporate Guarantee
Rentable SF
6,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.33

Investment Highlights

  • 6 Years Remaining on Corporate Triple-Net (NNN) Lease with Verizon
  • 10% Rental Increases Every 5 Years
  • 61,200 Residents within a 5-Mile Radius - Growing Egg Harbor Township Trade Area
  • Excellent Visibility Along East Black Horse Pike (34,200+ Cars/Day)
  • Outparcel to Lowe's

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. The Township of Egg Harbor is located in the heart of New Jersey’s Atlantic County, a large and diverse community home to more than 43,000 residents. Egg Harbor Township is the most populous place in Atlantic County.

Broker of Record

  • Brian Hosey

    Vice President / District Manager

    License(s): NJ: 1434917

    New Jersey

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