Electronics

Verizon Wireless Casselberry

Listing Price: $2,950,000

Cap Rate
5.25%
Tenant Name
Verizon Wireless
Years Remaining On Lease
7.40
Gross SF
8,200
Guarantor
Franchisee Guarantee
Rentable SF
8,200
Price/Gross SF
$359.76
Lease Type
Double Net
Rent Per Square Feet
$18.90

Investment Overview

Marcus & Millichap is proud to exclusively market the Verizon single tenant net leased investment property situated in Casselberry, FL a densely populated Orlando Suburb. The 8,300 SF building is located on high traffic Semoran Boulevard with an average daily traffic count over 75,000 vehicles. The lease is guaranteed by Cellular Sales of Knoxville, Inc., the largest Verizon franchisee in the country with over 770 locations. The lease has aggressive 12.5% base rental increases, with the next increase coming in two and a half years.

Investment Highlights

  • Next base rental increase of 12.5% coming in two and a half Years
  • Lease guaranteed by Cellular Sales of Knoxville, Inc,, Verizon's largest franchisee with 770 locations
  • 8 Years remaining on lease with one option to extend for 5 years

Exclusively Listed By

Electronics

Verizon Wireless Casselberry

Listing Price: $2,950,000

Cap Rate
5.25%
Tenant Name
Verizon Wireless
Years Remaining On Lease
7.40
Gross SF
8,200
Guarantor
Franchisee Guarantee
Rentable SF
8,200
Price/Gross SF
$359.76
Lease Type
Double Net
Rent Per Square Feet
$18.90

Investment Highlights

  • Next base rental increase of 12.5% coming in two and a half Years
  • Lease guaranteed by Cellular Sales of Knoxville, Inc,, Verizon's largest franchisee with 770 locations
  • 8 Years remaining on lease with one option to extend for 5 years

Investment Overview

Marcus & Millichap is proud to exclusively market the Verizon single tenant net leased investment property situated in Casselberry, FL a densely populated Orlando Suburb. The 8,300 SF building is located on high traffic Semoran Boulevard with an average daily traffic count over 75,000 vehicles. The lease is guaranteed by Cellular Sales of Knoxville, Inc., the largest Verizon franchisee in the country with over 770 locations. The lease has aggressive 12.5% base rental increases, with the next increase coming in two and a half years.

Exclusively Listed By

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