Verizon
Single-Tenant Free Standing Verizon on 1.09 Acres | Backed By One Of Verizon's Largest Franchisees
Marketing description
VERIZON at 11129 Gold Court, Painesville, OH 44077 offers investors the opportunity to acquire a single-tenant, free-standing retail asset leased to a nationally recognized wireless brand and guaranteed by Cellular Sales of Knoxville, Inc., one of Verizon’s largest franchisees. Situated on 1.09 acres, this 3,000 SF build-to-suit store was completed in 2019 and features a double net lease with minimal landlord responsibilities, plus a transferable roof warranty through November 2033.
Positioned along OH-44 with traffic counts exceeding 27,000 vehicles per day, the property benefits from outstanding visibility and strong surrounding retail synergy. The site is directly across from University Hospitals TriPoint Medical Center and near major area draws including Quail Hollow Country Club, Starbucks, Chipotle, Huntington Bank, McDonald’s, and more.
This investment is further supported by affluent demographics, with average household income surpassing $153,000 within 1 mile and a population of nearly 62,000 within 5 miles. With 10% rent increases every five years and a location just 30 miles from downtown Cleveland, this asset presents an attractive combination of stable income, brand recognition, and long-term upside.
Investment highlights
- Lease Guaranteed From The Third Largest Verizon Retailer With $2+ Billion In Annual Revenue | Strong Operator (Cellular Sales of Knoxville, INC) with Over 850 Locations Across 43 States
- 2018 Build-To-Suit For Verizon
- Double Net Lease With Minimal Landlord Responsibilities - Transferrable Roof Warranty Through November 2033
- Traffic Counts Boast 27,000 VPD+ Along OH-44
- Upscale Demographics | Average Household Income Exceeds $160,000 in a 1-Mile Radius | Population Exceeds 62,000 Within 5-Miles
- Total Customer Spending Exceeded $850,000,000 In 2025 Within a 5-Mile Radius
- 10% Rental Increases Every 5 Years
- Across The Street From University Hospitals TriPoint Medical Center | Home To 269 Staffed Beds and 850 Employees
- 30 Miles To Downtown Cleveland
- Neighboring Retailers/Economic Drivers Include: Quail Hollow Country Club Home To Two Championship 18-Hole Courses, Chipotle, Starbucks, Lucky's Market, Huntington Bank, Taco Bell, McDonald's, and Many More
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