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9690 Buffalo Rd
Palmetto, FL 34221
Verizon: Palmetto, FL · Retail Property For Sale
Investment Highlights
- Brand-new 10-year Verizon modified NNN lease.
- Primary retail and commercial corridor
- Prime interstate proximity and enhanced traffic efficiency.
Executive Summary
The CBRE Net Lease Property Group is pleased to offer for sale the 2,464-square-foot Verizon Wireless situated on 0.48 acres in Palmetto, Florida — a component of the broader North Port- Sarasota-Bradenton, FL MSA (Population: 936,088). Expected to commence in September 2026, Verizon’s modified NNN lease will feature 10 years of primary term and four, 5-year options to renew. Rent increases every 5 years by (i) 5% by default, or (ii) by the 5-year change in CPI (not to exceed 10%) if elected by Landlord, providing investors with inflation-protected rent increases.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,464 SF
Building Class
C
Year Built
2026
Price
$4,091,200
Price Per SF
$1,660.39
Cap Rate
5.75%
NOI
$235,244
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.48 AC
Frontage
103’ on Buffalo Road
Amenities
- Pylon Sign
- Signage
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 6490-1090-9 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,760 |
Property Taxes
Parcel Number
6490-1090-9
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,760
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