Verizon NNN Property For Sale
Verizon is a leading telecommunications provider known for its strong credit rating and strategic real estate holdings. While offering ten-year lease terms for standalone properties, investors should note the common inclusion of early termination clauses, typically effective between years 5-7. Landlords may be responsible for building maintenance and associated costs. Due diligence is essential due to variations in tenants and guarantors. Despite these considerations, Verizon's 'A' credit rating provides significant financial security. Properties are typically around 4,000 sq. ft. on 0.8-1.25 acre lots, serving as display areas for new products and Fios services, ensuring future growth potential.
- Asking price $2.88M
- 5.81% cap rate
- NOI $175,000
- 10 years remaining
- NNN lease
Asset type: NNN