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Verizon Wireless 6658 Collier blvd 2,464 SF Retail Building Naples, FL 34114 $4,424,000 ($1,795.45/SF) 5.50% Cap Rate

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Investment Highlights

Brand New 10-Year Modified NNN Lease with Renewal Options
Less than 7 Miles South of the On-Ramp to Interstate 75 (49,500 VPD) -- the Longest Interstate in Florida
Surrounded by Shopping Centers | 1.7 MSF of Retail within 3 Miles

Excellent Access & Visibility | Hard Corner at the Signalized Intersection of Pasedo Drive & Colliers Boulevard (41,000 VPD)
Strategic Location | Outparcel to a Walmart Supercenter
8.2 Miles Southeast of Downtown Naples, FL | Naples-Marco Island, FL MSA (Population: 404,645+)

Executive Summary

The CBRE Net Lease Property Group is pleased to offer for sale the 2,464-square-foot Verizon Wireless situated on 1.01 acre in Naples, Florida (MSA Population: 404,645). Expected to commence in April 2026, Verizon’s modified NNN lease features 10 years of term with a 5% rent increase (at minimum) in year 6 and in each of the four 5-year renewal options. Additionally, Landlord may elect to apply the CPI Multiple to rent (see OM for details) every 5 years throughout the term and in options, providing investors with inflation-protected rent increases.