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Electronics

Verizon

1144 W McCord St, Centralia, IL 62801

Listing Price: $1,240,000

Tenant Name
Verizon
Years Remaining On Lease
9.0
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Lease Type
Double Net
Rent Per Square Feet
$21.30

Investment Overview

Marcus & Millichap is pleased to offer for sale a brand-new construction (ETA Open April 2021) Verizon Franchisee Net Lease investment sale opportunity located in Centralia, IL. The store is located along McCord St, the main retail corridor of Centralia and outparcel Walmart. In addition, neighboring tenants include Hardees, McDonalds, Aldi, Taco Bell, Sonic, Wendy’s, Big Lots and Dollar Tree and several other top performing tenants. Ownership includes building and land; thus, ownership has ability for taxable depreciation on the asset and management free income. Backed up by a 900+ store franchisee guarantee from the Largest Verizon Franchisee in the USA and a 10+ year Roof warranty. Traffic Exceeds more than 15,000 cars per day. The operator, the Cellular Connection is the leading Verizon Authorized Retailer in the US, operating nearly 900 locations in 38 states from coast to coast. Top employers in the area include: Arrow Group, St Joseph’s Hospital, Continental Tires, Walgreens, SSM Health

Investment Highlights

  • Large Guarantor & Largest Verizon Operator of 900+ Units |
  • Experienced Operator ensures safety and security of the operations of the brand against a 900+ Store Guarantee
  • Outparcel to Walmart | Anchor Tenant Walmart paired with Walmart Gas al-lows for increase traffic / visibility
  • 10 Year Roof Warranty | Developer's Roof Warranty blended with Double Net (NN) Lease allows risk free maintenance for the landlord.
  • Ideal Management Free Real Estate | Net Lease Investment Income ideal for 1031 Exchange Buyers seeking management free income while sustaining taxable depreciation
  • Attractive Lease Term | Brand New Construction 10 Year Lease blended Three (3) Tenant Renewal Periods of Five (5) Years each
  • Neighboring Tenants: Walmart, Hardees, McDonalds, Aldi, Taco Bell, Sonic, Wendy's, Big Lots and Dollar Tree and several others.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Listing Price: $1,240,000

Tenant Name
Verizon
Years Remaining On Lease
9.0
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Lease Type
Double Net
Rent Per Square Feet
$21.30

Investment Highlights

  • Large Guarantor & Largest Verizon Operator of 900+ Units |
  • Experienced Operator ensures safety and security of the operations of the brand against a 900+ Store Guarantee
  • Outparcel to Walmart | Anchor Tenant Walmart paired with Walmart Gas al-lows for increase traffic / visibility
  • 10 Year Roof Warranty | Developer's Roof Warranty blended with Double Net (NN) Lease allows risk free maintenance for the landlord.
  • Ideal Management Free Real Estate | Net Lease Investment Income ideal for 1031 Exchange Buyers seeking management free income while sustaining taxable depreciation
  • Attractive Lease Term | Brand New Construction 10 Year Lease blended Three (3) Tenant Renewal Periods of Five (5) Years each
  • Neighboring Tenants: Walmart, Hardees, McDonalds, Aldi, Taco Bell, Sonic, Wendy's, Big Lots and Dollar Tree and several others.

Investment Overview

Marcus & Millichap is pleased to offer for sale a brand-new construction (ETA Open April 2021) Verizon Franchisee Net Lease investment sale opportunity located in Centralia, IL. The store is located along McCord St, the main retail corridor of Centralia and outparcel Walmart. In addition, neighboring tenants include Hardees, McDonalds, Aldi, Taco Bell, Sonic, Wendy’s, Big Lots and Dollar Tree and several other top performing tenants. Ownership includes building and land; thus, ownership has ability for taxable depreciation on the asset and management free income. Backed up by a 900+ store franchisee guarantee from the Largest Verizon Franchisee in the USA and a 10+ year Roof warranty. Traffic Exceeds more than 15,000 cars per day. The operator, the Cellular Connection is the leading Verizon Authorized Retailer in the US, operating nearly 900 locations in 38 states from coast to coast. Top employers in the area include: Arrow Group, St Joseph’s Hospital, Continental Tires, Walgreens, SSM Health

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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