Verizon
Walmart Supercenter Outparcel | Backed By Verizon's Largest Franchisee | Actual Property Photo
Marketing description
VERIZON at 1712 North Barron Street, Eaton, OH 45320 offers investors the opportunity to acquire a high-visibility, single-tenant retail asset positioned on a Walmart Supercenter outparcel in Eaton’s dominant retail corridor. Built in 2021 as a build-to-suit relocation site for a long-standing store that has served the market for 17+ years, the 2,000 SF property sits on 0.47 acres along N Barron Street with traffic counts exceeding 14,711 VPD.
This offering combines strong real estate fundamentals with durable tenancy. The asset is leased on a double net basis with minimal landlord responsibilities and is guaranteed by TCC, Verizon’s largest franchisee and one of the nation’s leading wireless retailers, operating approximately 1,200 locations across 43 states with an estimated $2.3 billion in annual revenue. The lease features 10% rent increases every five years and three 5-year renewal options, providing attractive long-term income growth.
Surrounded by major national retailers including Walmart, Kroger, Walgreens, CVS, McDonald’s, Bob Evans, and Tractor Supply, the property benefits from exceptional consumer draw, limited nearby wireless competition, and strong area demographics with more than 13,200 residents within five miles.
Investment highlights
- 2021 Build-To-Suit- Relocation Site of a Long-Standing Successful Store (Tenant Has Operated in This Market For 17+ Years)
- 2,000 SF Walmart Supercenter Outparcel Situated on Half an Acre
- Double Net Lease With Minimal Landlord Responsibilities | Roof Warranty Cover Through 2034
- Lease Guaranteed by Second Largest Verizon Retailer With $2+ Billion In Annual Revenue I Strong Operator (TCC - Verizon Authorized Retailer) - Over 1,200 Locations Across 43 States
- Traffic Counts Boast 14,711 VPD+ Along N Barron St
- Verizon Wireless is Currently Ranked 27th on Fortune 500 Rankings, Revenues Surpassing $136.8B
- Only Verizon Store in a 32-mile Radius | Limited Competition The Nearest AT&T or T-Mobile are 20+ Miles Away
- 5 Mile Population: 12,167 and Growing | 5 Mile Household Income Exceeds $70,000
- Total Customer Spending: $145.2MM+/- Within a 5-Mile Radius
- National Tenants Surrounding Investment Property: Walmart Supercenter, Kroger, Bob Evans, Cato Fashions, Sherwin Williams, Tractor Supply, McDonald's, Walgreens, CVS and Many More
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