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Verizon 1107 Million Dollar Hwy 3,000 SF Retail Building Saint Marys, PA 15857 $1,757,812 ($585.94/SF) 8% Cap Rate
Investment Highlights
- NN Lease
- Affluent Suburban Community
- Corporate Guarantee
- Across Street From Walmart Supercenter
Executive Summary
Surmount is pleased to present the exclusive listing for a Verizon located at 1107 Million Dollar Highway, Saint Marys, PA 15857. The site consists of roughly 3,000 rentable square feet of building space on an estimated .78-acre parcel of land. Verizon is subject to a 10.01-year Double Net (NN) lease, which commenced 1.4.2019. The current annual rent is $140,625 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,000 SF
Building Class
C
Year Built
2019
Price
$1,757,812
Price Per SF
$585.94
Cap Rate
8%
NOI
$140,625
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.78 AC
Frontage
107’ on Million Dollar Hwy
Property Taxes
| Parcel Number | 03-13-301-9787 | Improvements Assessment | $84,000 |
| Land Assessment | $3,750 | Total Assessment | $87,750 |
Property Taxes
Parcel Number
03-13-301-9787
Land Assessment
$3,750
Improvements Assessment
$84,000
Total Assessment
$87,750
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Verizon | 1107 Million Dollar Hwy
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