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VERIZON & T-MOBILE – DAVENPORT, FL 43384 US-27 3,300 SF 100% Leased Retail Building Davenport, FL 33837 $2,123,000 ($643.33/SF) 5% Cap Rate
Investment Highlights
- Credit Tenants | Verizon & T-Mobile: National, investment-grade tenants with strong balance sheets and consistent customer demand.
- Prime Visibility & Access: Located on US-27 (76,327 CPD) with direct access and excellent signage opportunities.
- Outparcel-Like Positioning: Across from major anchors with strong retail draw, boosting foot traffic and property visibility
- 10-Year NNN Leases: Long-term lease structures with built-in rental escalations
- Dominant Retail Corridor: Surrounded by national retailers including Target, Publix, BJ’s, Hobby Lobby, Marshalls, Best Buy, PetSmart, and more.
- Explosive Regional Growth: Davenport and the surrounding Polk County area are experiencing significant residential and commercial development
Executive Summary
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
3,300 SF
Year Built
2018
Price
$2,123,000
Price Per SF
$643.33
Cap Rate
5%
NOI
$106,128
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.43 AC
Zoning
C - Commercial
Frontage
726’ on U.S. 27
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- T-Mobile
- Services
- 3,300 SF
- -
- -
-
- Services
- 3,300 SF
- -
- -
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 End | ||
| T-Mobile | Services | 3,300 SF | - | - | ||
|
|
Services | 3,300 SF | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-26-18-000000-014170 | Improvements Assessment | $309,039 |
| Land Assessment | $188,000 | Total Assessment | $497,039 |
Property Taxes
Parcel Number
27-26-18-000000-014170
Land Assessment
$188,000
Improvements Assessment
$309,039
Total Assessment
$497,039
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Videos
Matterport 3D Exterior
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Photos
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VERIZON & T-MOBILE – DAVENPORT, FL | 43384 US-27
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