Verizon Wireless

Price: $394,500
Sq. Ft.: 1,200
Cap Rate: 7.00%
Built: 2016

The subject property is a 1,200-square foot single tenant building leased to Verizon Wireless to be constructed in Breckenridge, Texas. The new seven year, double-net lease has a corporate guarantee from Russell Cellular, a major franchisee with 250 Verizon locations nationwide. The tenant has two, five-year options for renewal with rent increases scheduled at the beginning of each option period. Landlord is responsible for roof and structure.