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33428797
33429207

3584 Battlefield Parkway, Fort Oglethorpe, GA 30742 For Sale

JW
NY 31WI0804493
J.H. Winokur Inc
JW
NY NY 10311202770
J.H. Winokur Inc
Listed by J.H. Winokur Inc
$3,000,000
40 days on market
Updated 40 days ago

Verizon Net Lease - Fort Oglethorpe, Georgia

Details
Property Type Retail
Sub Type Storefront
Square Footage 4,000
Cap Rate 6.00%
Occupancy 100%
Tenancy Single
Brand/Tenant Verizon Wireless
Lease Type NN
Lease Expiration 01/31/2033
Class A
Year Built 2008
Acreage 1.300
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 02/01/2023
Ground Lease No

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+

Listing Contacts

JW
NY 31WI0804493
J.H. Winokur Inc
JW
NY NY 10311202770
J.H. Winokur Inc
Listed by J.H. Winokur Inc

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