Historical Retail Sale Listing - Verizon Wireless Store

Retail For Sale

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Verizon Wireless Store

1381 Hwy 40 East, Kingsland, GA 31548

N/A

9,300 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
9,300 SF
Property Type:
Retail
Property Sub-type:
Retail (Other)
Property Use Type:
Net Lease Investment with
7 years left on lease
Cap Rate:
9.10%
Occupancy:
100%
Tenancy:
Single
Lot Size:
0.68 AC
Listing ID
16330592
Last Updated
over 1 year ago

Description

- 9,300 SF free-standing building; completely renovatedin late 2009

- Avg. Cap Rate (7-yrs.): 9.20%

- 0.675 Acres with 150 feet of frontage on GA Hwy 40

- 27 parking spaces

- Tenant: Verizon Wireless Franchisee, has 84 month lease with two, 5-year options to renew.

- Lease commenced / Store Opening: December, 2009

- Rental increases 3% in year 5

- Retailers in the area: CVS, Lowe's, Taco Bell, Publix, Big K-Mart, Wendy's, Chick-Fil-A, McDonald's, Hampton Inn, Comfort Inn and more...

- NNN lease; Tenant responsible for parking lot, roof and structure

- The tenant, Cellular Sales of Knoxville, Inc., was founded in 1993 and operates over 230 Verizon Wireless Retail Stores

- High traffic area (GA Hwy 40) in Kingsland, Georgia (28,020 vehicles/day in 2008)

- Approximately 0.25 mile east of I-95

Map of 1381 Hwy 40 East, Kingsland, GA 31548 (Camden County)

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Created 7/24/2009