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Electronics

Verizon Relocation New Build Site

875 S Main St, Cottonwood, AZ 86326

Listing Price: $1,792,000

Cap Rate
6.25%
Tenant Name
The Cellular Connection, LLC
Years Remaining On Lease
9.8
Gross SF
2,000
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Price/Gross SF
$896.00
Lease Type
Double Net
Rent Per Square Feet
$56.00

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 Cellular Connection (TCC) is the largest Verizon Premium Retailer in the U.S. with 871 locations in 39 states. Buying or upgrading a Smartphone at TCC ensures you’re on the Verizon 4G LTE network, which covers approximately 99 percent of all Americans. TCC sets itself apart from other authorized Verizon retailers by their belief in three ideals: Customers Matter, Employees Matter, and Community Matters - also known as the Virtuous Circle of Success. Cottonwood is a city in Arizona’s Yavapai County with an estimated 2019 population of 12,253. The city is located adjacent to the Verde River in the geographic center of Arizona in an area known as the Verde Valley, about 100 miles north of the Phoenix metropolitan area. The Verde River runs through the valley from the northwest to the southeast and is augmented by flows from Sycamore Canyon, Oak Creek, Beaver Creek, and West Clear Creek. The area is known for its beauty, with the red rocks and Mogollon Rim to the north and east and the Black Hills and Mingus Mountain dominating the western and southern portions of the valley.

Investment Highlights

  • New 10-Year Lease with Franchisee Guarantee - Over 870 Unit Operator
  • Relocation from a Long Standing Store that was In-line in the Fry's Shopping Center Directly Adjacent to the Subject Property
  • 10 Percent Rental Increase Occurring in November 2026 with Five Percent Rental Increases in Each Renewal Option Period
  • Brand New High-Quality 2021 Construction
  • 31,929 Residents in Growing Cottonwood Trade Area - Households Projected to Increase Four Percent Within a Five-Mile Radius by 2026
  • Excellent Visibility Along a Major Thoroughfare - Over 26,400 Cars per Day Along Main Street
  • Situated Directly Between the City's Two Primary Retail Corridors - National Retailers Include The Home Depot, Safeway, Fry's, Planet Fitness, Walmart, and More
  • Average Household Income Exceeds $60,000 Within Five Miles of Subject Property

Exclusively Listed By

Electronics

Verizon Relocation New Build Site

Listing Price: $1,792,000

Cap Rate
6.25%
Tenant Name
The Cellular Connection, LLC
Years Remaining On Lease
9.8
Gross SF
2,000
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Price/Gross SF
$896.00
Lease Type
Double Net
Rent Per Square Feet
$56.00

Investment Highlights

  • New 10-Year Lease with Franchisee Guarantee - Over 870 Unit Operator
  • Relocation from a Long Standing Store that was In-line in the Fry's Shopping Center Directly Adjacent to the Subject Property
  • 10 Percent Rental Increase Occurring in November 2026 with Five Percent Rental Increases in Each Renewal Option Period
  • Brand New High-Quality 2021 Construction
  • 31,929 Residents in Growing Cottonwood Trade Area - Households Projected to Increase Four Percent Within a Five-Mile Radius by 2026
  • Excellent Visibility Along a Major Thoroughfare - Over 26,400 Cars per Day Along Main Street
  • Situated Directly Between the City's Two Primary Retail Corridors - National Retailers Include The Home Depot, Safeway, Fry's, Planet Fitness, Walmart, and More
  • Average Household Income Exceeds $60,000 Within Five Miles of Subject Property

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 Cellular Connection (TCC) is the largest Verizon Premium Retailer in the U.S. with 871 locations in 39 states. Buying or upgrading a Smartphone at TCC ensures you’re on the Verizon 4G LTE network, which covers approximately 99 percent of all Americans. TCC sets itself apart from other authorized Verizon retailers by their belief in three ideals: Customers Matter, Employees Matter, and Community Matters - also known as the Virtuous Circle of Success. Cottonwood is a city in Arizona’s Yavapai County with an estimated 2019 population of 12,253. The city is located adjacent to the Verde River in the geographic center of Arizona in an area known as the Verde Valley, about 100 miles north of the Phoenix metropolitan area. The Verde River runs through the valley from the northwest to the southeast and is augmented by flows from Sycamore Canyon, Oak Creek, Beaver Creek, and West Clear Creek. The area is known for its beauty, with the red rocks and Mogollon Rim to the north and east and the Black Hills and Mingus Mountain dominating the western and southern portions of the valley.

Exclusively Listed By

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