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32267883
32267881

11345 South Fortuna Road, Yuma, AZ 85367

MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
Marcus & Millichap - Phoenix
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$1,712,000
31 days on market
Updated 31 days ago

Verizon

Details
Property Type Retail
Sub Type Storefront, Electronics (+1)
Square Footage 3,000
Cap Rate 7.5%
NOI $128,367
Occupancy 100%
Tenancy Single
Brand/Tenant Verizon Wireless
Lease Type NN
Lease Term 10
Lease Expiration 08/22/2027
Remaining Term 1
Rent Bumps Yes
Lease Options 2, 5 Year Options
Year Built 2017
Acreage 0.400
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 08/23/2017
Ground Lease No

3,000 SF | 7.50% CAP

Marketing description

  • Tenant/Guarantor is One of the Largest Verizon Wireless Retailers in the U.S. with More Than 800 Locations Across 41 States
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Newer 2017 Construction
  • 47,385 Residents within a Five-Mile Radius - Growing Yuma Trade Area
  • Situated Immediately Off the I-8 Freeway, a Major Connector Providing a Direct Route Between Phoenix and San Diego

Investment highlights

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. Recognized as one of the largest Verizon Wireless retailers in the United States, Cellular Sales was founded in Knoxville, TN in 1993. The company employs over 7,000 people and is currently operates nearly 800 locations across 41 states.

The City of Yuma is nestled right in the southwest corner of Arizona, bordering California and Mexico. Home to over 100,000 residents, the population nearly doubles during the winter season. Once a busy river port sending military supplies shipped from California to forts and camps in the Southwest to fight the Apache wars, today Yuma is a winter retreat for thousands of visitors craving its warm, dry and sunny climate.

Listing Contacts

MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
Marcus & Millichap - Phoenix
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
$128,366.70
$10,697.23/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Ryan Sarbinoff
License
BR675146000
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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