Verizon
Saint Marys, PA
Key Details
| Price: | $1,939,655 |
|---|---|
| Cap Rate: | 7.25% |
| Annual Rent: | $140,625 |
| Address: | 1107 Million Dollar Highway, Saint Marys, Pennsylvania 15857 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 10 Years |
|---|---|
| Lease Commencement: | 1/4/2019 |
| Lease Expiration: | 1/3/2029 |
| Lease Term Remaining: | 4 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 0.78 Acres |
| Building Size: | 3,000 SF |
| Year Built: | 2019 |
NNN Pro is pleased to present the exclusive listing for a Verizon located at 1107 Million Dollar Highway, Saint Marys, Pennsylvania 15857. The site consists of roughly 3000 rentable square feet of building space on an estimated 0.78-acre parcel of land. This Verizon is subject to a 10-year Double Net (NN) lease, which commenced 1/4/2019. The current annual rent is $140,625 and has scheduled increases of 10.00% Every 5 Years.
About the Investment
- NN Lease | The site is subject to a double net (NN) lease.
- Corporate Guarantee | The Cellular Connection (TCC) operates over 1,160 stores across all 50 states and is known for their exceptional experience and service.
- Affluent Suburban Community | Households within a 1-mile and 5-mile radius enjoy average annual incomes exceeding $85,900 and $77,700, fueling a robust consumer market.
Key Details
| Price: | $1,939,655 |
|---|---|
| Cap Rate: | 7.25% |
| Annual Rent: | $140,625 |
| Address: | 1107 Million Dollar Highway, Saint Marys, Pennsylvania 15857 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 10 Years |
|---|---|
| Lease Commencement: | 1/4/2019 |
| Lease Expiration: | 1/3/2029 |
| Lease Term Remaining: | 4 Years |
| Rental Increases: | 10.00% Every 5 Years |
| Lot Size: | 0.78 Acres |
| Building Size: | 3,000 SF |
| Year Built: | 2019 |
Talk to the Pros
Anthony Bird
abird@nnnpro.com
License: NY: 10401306066
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Broker of Record
Brian Brockman
Bang Realty-Pennsylvania, Inc
License: RM432816
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.