Verizon Net Lease - Fort Oglethorpe, Georgia
Verizon Wireless Net Lease | Early Lease Extension | Fort Oglethorpe, GA
Marketing description
Verizon Net Lease – Fort Oglethorpe, Georgia presents an exceptional opportunity to acquire a corporate-leased Verizon Wireless investment at 3584 Battlefield Parkway, Fort Oglethorpe, GA 30742. This 4,000 SF freestanding retail property sits on 1.30 acres along Battlefield Parkway, the area’s primary retail corridor, with strong visibility and traffic counts of approximately 31,550 vehicles per day. Strategically located just off I-75 and only 8 miles from Chattanooga, the site is surrounded by top national retailers including Walmart SuperCenter, Publix, Walgreens, Ross, Wendy’s, Five Guys, Jersey Mike’s, Hobby Lobby, Buffalo Wild Wings, and Chipotle. The property benefits from a long-standing corporate lease with Cellco Partnership d/b/a Verizon Wireless, recently extended early through January 31, 2033, underscoring the tenant’s commitment to this location. Built in 2008, the asset features a NN lease structure with current annual rent of $168,000, increasing to $180,000 on February 1, 2028. Backed by an investment-grade tenant and positioned in a growing Chattanooga-area suburb, this is a compelling passive investment with durable income and premier retail frontage.
Price of 6% CAP based on 2/1/2028 rent.
Investment highlights
- CORPORATE VERIZON LEASE
- VERIZON JUST EXTENDED THE LEASE EARLY
- INVESTMENT GRADE FITCH RATED A- S&P RATED BBB+
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