110 S Lester Ave
Sidney, OH 45365
Verizon Wireless (2018 Construction) · Retail Property For Sale

Marcus & Millichap is pleased to present the fee simple interest in the Verizon Wireless property in Sidney, Ohio. The 2,400 square foot building was built-to-suit for Verizon Wireless in 2018 and is positioned on about 0.60 acres along West Michigan Street. This brand-new Verizon store was a relocation of a high-producing Verizon store with more than 10 years of operating history in the Sidney market. Verizon sits across the street from Menards and Lowe’s and just down the street from a Walmart Supercenter and a Kohl’s. There is a robust amount of national retailers surrounding the deal including tenants such as Culver’s, McDonald’s, Buffalo Wild Wings, Aldi, Applebee’s, Burger King, KFC, Pizza Hut, Chipotle, Taco Bell, Bob Evans and Anytime Fitness. There are also several car dealerships and hotels/motels littered on either side of West Michigan Street. This pocket where the Verizon is located is arguably the only main retail thoroughfare in Sidney and is also home to several large Industrial companies like Cargill, Emerson, Norcold and NK Parts Industries. Verizon Wireless signed an original 10 year lease, with three five-year renewal options. The lease is classified as modified triple net, as the tenant is directly responsible for all common area maintenance, insurance, taxes, snow/ice removal and all landscaping. The landlord is only responsible for the roof and structural components of the building. There is a rent bump in the base term of the lease in January 2024, and additional rent increases in each of the five-year options. The Cellular Connection, LLC formerly known as Moorehead Communications and doing business as TCC, is the largest Verizon Premium Wireless Retailer in the country with over 1,200 locations across 43 states and is the 12th largest privately-held company in the state of Indiana with over $2 billion in annual revenue.