Skip to main content

Miscellaneous

Verizon Wireless & Peak City Gym

730 W Williams St, Apex, NC 27502

Listing Price: $2,734,899

Cap Rate
6.00%
Tenant Name
Peak City Gym, LLC/ Cellco Partnership
Years Remaining On Lease
1.6
Guarantor
Corporate Guarantee
Rentable SF
7,331
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.38

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a 100% occupied two-tenant strip center located in Apex, NC featuring a recently extended corporate Verizon Wireless (S&P BBB+). The all-brick 7,331 square foot building was developed in 2008 and is located on 1.3 acres of land, adjacent to some of the market’s premier shopping. There are more than 5 years remaining on the VZW lease and over half a year on the Peak City Fitness lease, who is paying a below-market rent (contact broker for more information). This offering provides investors a very attractive cost basis on a highly malleable retail concept with great fundamentals in a premier market within the Southeast.

Investment Highlights

  • 25-Year Operating History | Demonstrated Commitment to this Store
  • Original Corporate Verizon Tenancy Since Development
  • Terrific Access off Signalized Intersection | Ingress/Egress to North & Southbound Traffic on W Williams St

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Financing By

Miscellaneous

Verizon Wireless & Peak City Gym

Listing Price: $2,734,899

Cap Rate
6.00%
Tenant Name
Peak City Gym, LLC/ Cellco Partnership
Years Remaining On Lease
1.6
Guarantor
Corporate Guarantee
Rentable SF
7,331
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.38

Investment Highlights

  • 25-Year Operating History | Demonstrated Commitment to this Store
  • Original Corporate Verizon Tenancy Since Development
  • Terrific Access off Signalized Intersection | Ingress/Egress to North & Southbound Traffic on W Williams St

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a 100% occupied two-tenant strip center located in Apex, NC featuring a recently extended corporate Verizon Wireless (S&P BBB+). The all-brick 7,331 square foot building was developed in 2008 and is located on 1.3 acres of land, adjacent to some of the market’s premier shopping. There are more than 5 years remaining on the VZW lease and over half a year on the Peak City Fitness lease, who is paying a below-market rent (contact broker for more information). This offering provides investors a very attractive cost basis on a highly malleable retail concept with great fundamentals in a premier market within the Southeast.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

Financing By

MM Texture Background
MM Textured Background Lower