Verizon Wireless
Recent 10-Year Lease Extension | Top Performing Location Per Placer.Ai | Actual Photo Taken 01/05/26
Marketing description
Investment highlights
Long-Term Historical Occupancy - Build-To-Suit For Verizon in 2016
Top-Performing Location Nationwide | 90th Percentile via Placer.ai | Top 98th Percentile in Minnesota | #1 out of 20 Within 50 Miles
RARE 10-Year Lease Extension | Verizon Recently Extended for An Additional 10-Years Demonstrating Their Commitment To The Site
The Lease Features Increases Throughout The Base Term and Options
Investment-Grade Credit Tenant (NYS E: VZ | S&P: BBB+) Verizon Communications Inc. Reported $134.8B In 2024 Revenue (+0.6% YoY), Ranks #30 On The Fortune 500, Maintains Investment-Grade Ratings Across All Three Agencies (Moody’s: Baa1 | S&P: BBB+ | Fitch: A-), And Is A Top U.S. Wireless Carrier With Approximately 146.1M Total Wireless Retail Connections (3Q 2025) And An Estimated 34% U.S. Mobile Market Share
Excellent Visibility and Access Off W Division St | Traffic Counts Exceeding 30,000+ VPD
Double Net Lease With Minimal Landlord Responsibilities
Upscale Demographics | Average Household Income Exceeds $73,000 in a 5-Mile Radius | Population Exceeds 111,000 Within 5-Miles
Neighboring Retailers Include: Crossroads Center Shopping Mall - A 1.7M SF Shopping Mall, Target, Chick-fil-A, The Home Depot, Aldi, Kohl's, Raising Cane's, Walmart, Costco, Menards, and Many More
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
