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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
Building Class
B
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
- -
- -
The company was formed in 2000 through the merger of Bell Atlantic and GTE, creating a communications business with roots in earlier regional telephone and network operations. Verizon provides wireless service, fixed wireless access, and fiber broadband for consumer customers, while also serving businesses and government agencies. The company's business offerings include data, video, conferencing, corporate networking, security, managed network services, voice services, and internet of things connectivity, giving Verizon a broad role across the communications technology market.
| 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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VERIZON & T-MOBILE – DAVENPORT, FL | 43384 US-27