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29915824
29915825

Airport Rd & Division, Harvard, IL 60033

MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$2,527,500
103 days on market
Updated 81 days ago

Verizon | New Construction 10-Yr Lease

Details
Property Type Retail
Sub Type Storefront, Cellular Store (+1)
Square Footage 3,000
Cap Rate 7%
NOI $176,925
Occupancy 100%
Tenancy Single
Brand/Tenant Verizon Wireless
Lease Type NN
Lease Term 10.1
Lease Expiration 01/31/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options 2, 5 Year Options
Price per SqFt $843
Year Built 2026
Acreage 0.800
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 01/09/2026

Retail | 7.00% CAP | 3,000 SqFt

Marketing description

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.

Harvard is a city located in McHenry County, Illinois. The population was 9,469 at the 2020 census. The city is 63 miles from the Chicago Loop and it is the last stop on the Union Pacific Northwest Line.

Steven Weinstock – Marcus & Millichap – Broker of Record – steven.weinstock@marcusmillichap.com

Investment highlights

» Brand New 10-Year Lease - 2026 Construction

» 10% Rental Increases Every 5 Years with Multiple Renewal Options

» Tenant/Guarantor is One of the Largest Verizon Wireless Retailers in the U.S. with More Than 800 Locations Across 41 States

» Situated at Harvard's Primary Retail Intersection – in Immediate Proximity to Walmart, McDonald's, Taco Bell, and More

» Highly Visible Location Along US Hwy-14 with Easy Access from Airport Rd

» Easily Accessible From US Hwy-14, Significant Connector Providing Direct Access North into Wisconsin and Southeast to Chicago

Listing Contacts

MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$176,925.00
$14,743.75/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Steven Weinstock
License
471.011175
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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