Log In/Sign Up
Your email has been sent.
Verizon Wireless | Clermont, FL 1415 E SR 50 4,595 SF Retail Building Clermont, FL 34711 $3,890,658 ($846.72/SF) 6.85% Cap Rate
Investment Highlights
- Built-to-Suit for Verizon Wireless in 2008, with Verizon Wireless Operating at this Location Continuously Since Then
- Situated on the Signalized, Hard Corner Intersection of Route 50 and Sandhill View Blvd, which sees a Combined Traffic Volume of 51,500 VPD
- One of Central Florida's Fastest-Growing Cities
- Shadow Anchored by Lowe's, Hobby Lobby and Crunch (Coming soon) | This Lowe’s Home Improvement Ranks in the Top 14% of Lowe’s Locations Nationwide
- Surrounded by Top Ranked Shopping Centers with National Tenants Attracting Millions of Annual Visitors
- Densely Populated and Affluent Trade Area | Average Household Income of $115,586 within a Five-Mile Radius
Executive Summary
Built in 2008, this Verizon Wireless location has operated continuously for over 15 years and is secured by a net lease with over four years of term remaining. The property is shadow-anchored by major national retailers, including Lowe’s, Hobby Lobby, and Crunch (coming soon), with this Lowe’s ranking in the top 14% of stores nationwide by visits. Situated at a signalized intersection on Route 50 with over 51,500 vehicles per day and just 0.6 miles from Highway 27(47,500 VDP), the site benefits from high traffic exposure. It is surrounded by strong-performing shopping centers, such as Clermont Town Center and Clermont Landing, which attract millions of visitors annually. Located in one of Central Florida’s fastest-growing cities, the population within a five-mile radius has grown over 41% since 2010, with continued strong growth projected.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,595 SF
Building Class
B
Year Built
2008
Price
$3,890,658
Price Per SF
$846.72
Cap Rate
6.85%
NOI
$266,510
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.30 AC
Zoning
C-2 - General Commercial
Parking
31 Spaces (6.75 Spaces per 1,000 SF Leased)
Frontage
102’ on Sr-50 Hwy
Amenities
- Pylon Sign
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Information
- -
- -
-
Lorem Ipsum
-
Jan 0000
Verizon Communications originated in 1983 as Bell Atlantic after the AT&T breakup. The company merged with GTE in 2000, forming Verizon Communications. Today, it operates consumer services like wireless networks and Fios fiber-optic internet and TV. Its business segment provides networking, cloud solutions, and security services. Verizon remains one of the largest telecommunications providers in the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Information | - | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-22-26-1900-000-00400 | Improvements Assessment | $436,611 |
| Land Assessment | $1,487,043 | Total Assessment | $1,923,654 |
Property Taxes
Parcel Number
29-22-26-1900-000-00400
Land Assessment
$1,487,043
Improvements Assessment
$436,611
Total Assessment
$1,923,654
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Verizon Wireless | Clermont, FL | 1415 E SR 50
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.