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Verizon 6330 N Northwest Hwy 2,550 SF Retail Building Chicago, IL 60631 $2,183,000 ($856.08/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate guaranty from Cellular Sales of Knoxville, Inc., the largest authorized Verizon retailer in the U.S. (over 750 locations).
- Signalized hard-corner with combined traffic counts exceeding 34,000 vehicles per day in a dense, urban infill setting with high barriers to entry.
- Strong population base with more than 184,000 residents within a three-mile radius.
- Recent lease extension through October 2034, demonstrating long-term tenant commitment.
- Freestanding Verizon Wireless, built in 2017 as a build-to-suit.
- Affluent trade area with an average household income of $121,530 within a one-mile radius.
EXECUTIVE SUMMARY
Built in 2017 as a build-to-suit for Verizon Wireless, this freestanding property combines credit-backed income with a prime, high-visibility location. Positioned at the signalized intersection of Harlem Avenue and N Northwest Highway, the site benefits from a combined traffic volume exceeding 30,000 vehicles per day and hosts more than 59,000 annual visits, ranking it in the top 15 percent of Verizon locations nationwide (Placer.AI). Verizon has further underscored its commitment to the site with a lease extension through October 2034, providing investors with long-term stability.
Surrounded by national retailers, medical offices, restaurants, and schools, the property enjoys strong daily consumer demand in a dense, established urban trade area with over 184,000 residents within three miles. Less than 15 minutes from O’Hare International Airport, one of the busiest in the world, the site offers exceptional accessibility and sustained relevance. This is a rare chance to secure a credit-backed, high-performing asset in a high-barrier-to-entry market with long term income and strong real estate fundamentals.
PROPERTY FACTS Under Contract
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
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Verizon Communications is a publicly traded telecommunications company (NYSE:?VZ) headquartered in New York City, with its operational hub located in Basking Ridge, New Jersey. Founded in 1983 through the Bell Atlantic merger, Verizon delivers diverse services including wireless voice and data, broadband (Fios), and enterprise solutions. It operates an authorized retail store in Bordentown, NJ, located at 276B Dunns Mill Road, offering wireless devices, plans, and home internet services. As of 2024, Verizon employed approximately 99,600 people and reported annual revenues around $135 billion. In October 2025, Daniel H. Schulman, former CEO of PayPal, succeeded Hans Vestberg as CEO and is leading a strategic restructuring, including workforce reductions and integration of the Frontier Communications acquisition. Verizon is a major player in 5G and fiber deployment and is included in the Dow Jones Industrial Average.
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NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-06-102-021-0000 | Improvements Assessment | $78,500 |
| Land Assessment | $66,750 | Total Assessment | $145,250 |
PROPERTY TAXES
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Verizon | 6330 N Northwest Hwy
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