Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$2,226,000
Verizon | New Construction 10-Yr Lease
Details
Property Type Retail
Sub Type Storefront, Electronics
Square Footage 3,000
Cap Rate 7.5%
NOI $166,953
Occupancy 100%
Tenancy Single
Brand/Tenant Verizon
Lease Type NN
Lease Term 10
Lease Expiration 01/31/2036
Remaining Term 10
Rent Bumps Yes
Lease Options 2, 5 Year Options
Year Built 2026
Acreage 0.800
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 01/09/2026
Ground Lease No
2026 Construction | 10% Increases | 7.50% 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.
Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | [email protected]
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
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$166,953.00
$13,912.75/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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