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Electronics

Verizon | 900+ Unit Guaranty | 3.00% Annual Increases in Rent

239 N Dupont Blvd, Smyrna, DE 19977

Listing Price: $700,000

Cap Rate
7.29%
Tenant Name
The Cellular Connection, LLC
Years Remaining On Lease
2.9
Guarantor
Franchisee Guarantee
Rentable SF
2,400
Lease Type
Double Net
Rent Per Square Feet
$21.25

Investment Overview

The Sulo Group is pleased to present a Verizon located in Smyrna, DE.

Investment Highlights

  • Recent Lease Extension – Verizon Exercised a Three-Year Renewal in 2021
  • Located on a Hard Corner, Signalized Intersection
  • Rare, Delaware Net Lease Asset
  • TCC is One of Verizon's Largest Authorized Retailers with 900-Plus Locations
  • Bite Sized Price Point – Ideal 1031 for a 1031 Exchange
  • Highly Trafficked Location - Combined 41,100 Plus Vehicles per Day

Exclusively Listed By

Broker of Record

  • Ridge MacLaren

    Senior Vice President Investments

    (215) 531-7019

    License(s) DE: RB-0002461

    Delaware

Electronics

Verizon | 900+ Unit Guaranty | 3.00% Annual Increases in Rent

Listing Price: $700,000

Cap Rate
7.29%
Tenant Name
The Cellular Connection, LLC
Years Remaining On Lease
2.9
Guarantor
Franchisee Guarantee
Rentable SF
2,400
Lease Type
Double Net
Rent Per Square Feet
$21.25

Investment Highlights

  • Recent Lease Extension – Verizon Exercised a Three-Year Renewal in 2021
  • Located on a Hard Corner, Signalized Intersection
  • Rare, Delaware Net Lease Asset
  • TCC is One of Verizon's Largest Authorized Retailers with 900-Plus Locations
  • Bite Sized Price Point – Ideal 1031 for a 1031 Exchange
  • Highly Trafficked Location - Combined 41,100 Plus Vehicles per Day

Investment Overview

The Sulo Group is pleased to present a Verizon located in Smyrna, DE.

Exclusively Listed By

Broker of Record

  • Ridge MacLaren

    Senior Vice President Investments

    (215) 531-7019

    License(s): DE: RB-0002461

    Delaware

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