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Verizon | New Construction 10-Yr Lease 103 Airport Rd 3,000 SF Retail Building Harvard, IL 60033 $2,680,600 ($893.53/SF) 6.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Lease - 2025 Construction
- Tenant/Guarantor is One of the Largest Verizon Wireless Retailers in the U.S. with More Than 800 Locations Across 41 States
- Highly Visible Location Along US Hwy-14 with Easy Access from Airport Rd
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- Situated at Harvard's Primary Retail Intersection – in Immediate Proximity to Walmart, McDonald's, Taco Bell, and More
- Easily Accessible From US Hwy-14, Significant Connector Providing Direct Access North into Wisconsin and Southeast to Chicago
EXECUTIVE SUMMARY
Verizon is the largest wireless telecommunications provider in the United States. The company offers the largest 4G LTE network in America and the nation’s largest high-speed 3G network.
Harvard is a city located in McHenry County, Illinois. The population was 9,469 at the 2020 census. The city is 63 miles from the Chicago Loop and it is the last stop on the Union Pacific Northwest Line.
Steven Weinstock – Marcus & Millichap – Broker of Record – steven.weinstock@marcusmillichap.com
Harvard is a city located in McHenry County, Illinois. The population was 9,469 at the 2020 census. The city is 63 miles from the Chicago Loop and it is the last stop on the Union Pacific Northwest Line.
Steven Weinstock – Marcus & Millichap – Broker of Record – steven.weinstock@marcusmillichap.com
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
3,000 SF
Year Built
2026
Construction Status
Under Construction
Price
$2,680,600
Price Per SF
$893.53
Cap Rate
6.60%
NOI
$176,925
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.80 AC
NEARBY MAJOR RETAILERS
1 of 6
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Verizon | New Construction 10-Yr Lease | 103 Airport Rd
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