Verizon 1028 N Stratford Rd 3,000 SF Retail Building Moses Lake, WA 98837 $3,124,508 ($1,041.50/SF) 6.50% Cap Rate

Cushman & Wakefield is pleased to present the opportunity to acquire a newly constructed net leased investment tenanted by Verizon Wireless, one of the nation’s most recognizable and essential telecommunications brands. The property is secured by a lease guaranteed by Cellular Sales of Knoxville, Inc., a leading Verizon Authorized Retailer operating more than 850 locations nationwide, providing investors with a dependable income stream supported by an experienced and well-capitalized operator.
Founded in 2000, Cellular Sales has grown into Verizon’s premier authorized retailer, operating across more than 40 states and serving millions of customers through its expansive retail platform. Verizon generated approximately $138.2 billion in revenue in 2025 and maintains an S&P credit rating of BBB+, underscoring its position as a leading communications provider. Verizon serves consumers, businesses, and nearly all Fortune 500 companies through its wireless, broadband, voice, data, and business communications services. The company’s network infrastructure provides 4G LTE coverage to approximately 99% of the U.S. population and 5G coverage to more than 230 million people, reinforcing its essential role in the nation’s telecommunications ecosystem.
The subject property is a newly constructed Verizon retail location completed in 2026, prominently positioned along North Stratford Road, Moses Lake’s primary north-south retail corridor and one of the city’s most heavily trafficked commercial arteries. The property benefits from its location within a dominant retail trade area surrounded by major national retailers including WinCo Foods, Marshalls, Sportsman’s Warehouse, Walmart Supercenter, Starbucks, McDonald’s, and numerous additional national brands. Moses Lake continues to experience steady growth, recording approximately 1.7% annual population growth between 2024 and 2025, while the surrounding trade area is supported by average household incomes of approximately $94,000 within a five-mile radius. The corridor’s strong retail concentration and growing consumer base provide a compelling foundation for long-term tenant performance.
This offering represents an opportunity to acquire a newly constructed Verizon net lease asset featuring 10% rental increases every five years, a strong operator guaranty, and a strategic location within Moses Lake’s premier retail corridor. Supported by an industry-leading telecommunications platform, growing market fundamentals, and long-term income growth, the investment offers durable cash flow and attractive long-term value for net lease investors.