Property Details

Verizon Wireless

Bainbridge, GA
Property ID: 10688

Financial Summary

Asking Price $1,942,857
Cap Rate 7.00%
Net Operating Income (NOI) $136,000
Lease Type NN
Lease Term Remaining 6+ Years

Offering Memorandum

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Contact

Michael Berk
Investment Sales Associate
404.835.7666
Sheree Strome, CCIM
Director
404.900.5629
Andrew Fallon
Executive Managing Director
703.787.4733

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Highlights

  • Lease guaranty with Cellular Sales of Knoxville, Inc.
  • Structured 10% rent escalations in options
  • Destination retail location anchored by Walmart, Home Depot and Tractor Supply
  • Interstate location off US-84 with traffic counts of 14,000 VPD
  • Verizon has prominent pylon signage, increasing visibility from US-84
  • Brand new 7 year lease, commenced August 2018
  • Below Market Rents ($34/sf vs $50/sf BTS)

Net Lease Advisor

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Location

1402 Tallahassee Hwy
Bainbridge, GA

Leigh ClineVerizon Wireless