
VERIZON & T-MOBILE – DAVENPORT, FL
Retail | 5.00% CAP | 3,300 SqFt
Marketing description
An exceptional opportunity to acquire a fully stabilized, 100% occupied retail property featuring two of the nation’s leading telecommunications providers — Verizon and T-Mobile. Both tenants are secured under 10-year triple-net leases with structured rental escalations, offering investors long-term income security and built-in value appreciation.
Strategically located in the high-growth corridor of Davenport, FL, this property benefits from trophy-level frontage on US-27 with traffic counts exceeding 76,000 CPD, just half a mile south of I-4, one of Central Florida’s busiest interstate corridors with over 130,000 CPD. The property sits directly across from a Dick’s Sporting Goods/Ross-anchored center, driving synergistic retail traffic.
Situated in the Orlando-Tampa growth corridor, Davenport benefits from robust migration trends, residential housing expansion, and increasing consumer demand. Its location near I-4 places it within reach of major tourist destinations, logistics hubs, and a growing year-round population. Retail vacancy remains low in the area, supporting long-term rental growth and tenant demand.
This investment offers the security of long-term national tenants, prime Florida location, and a rare combination of visibility, credit, and lease term — making it ideal for 1031 buyers, institutional investors, and portfolio diversifiers seeking yield stability with upside potential in a Sun Belt market poised for continued expansion.
Investment highlights
- Credit Tenants | Verizon & T-Mobile: National, investment-grade tenants with strong balance sheets and consistent customer demand. Ideal for risk-averse investors focused on credit-backed, passive income.
- 10-Year NNN Leases: Long-term lease structures with built-in rental escalations, minimizing landlord responsibilities and ensuring consistent, inflation-hedged returns.
- Prime Visibility & Access: Located on US-27 (76,327 CPD) with direct access and excellent signage opportunities. Proximity to I-4 (130,755 CPD) provides regional accessibility, further amplifying consumer exposure.
- Dominant Retail Corridor: Surrounded by national retailers including Target, Publix, BJ’s, Hobby Lobby, Marshalls, Best Buy, PetSmart, and more. This critical mass creates a high-volume shopping destination that fuels consistent tenant performance.
- Outparcel-Like Positioning: Across from major anchors with strong retail draw, boosting foot traffic and property visibility without the encumbrances of large inline centers.
- Explosive Regional Growth: Davenport and the surrounding Polk County area are experiencing significant residential and commercial development, supported by strong population and job growth metrics.
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