Verizon

Boone, IA

Price $1,172,000
Cap Rate 6.50%
TYPE Single-Tenant
STATUS Available
Tenant Verizon
LEASE TYPE NN
SQUARE FEET 2,000
PRICE/SQ FT $586
YEAR BUILT 2019
LEASE EXP. 3/31/2029
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com
Patricia Elliott, Elliott Realty Group
Iowa Local Broker #T05698000

Property Description

Verizon has a brand new 10 year lease with 5% rental escalations every 5 years and three 5 year renewal options. The tenant, The Cellular Connection, LLC is the largest Verizon Premium wireless retailer in the country with +887 locations across 39 states.

Verizon is located in Boone, Iowa situated on a hard corner one block from Walmart Supercenter on the main east/west highway with excellent driveby visibility. Nearby retailers include: Orscheln Farm & Home, Bomgaars, Boone Ace Hardware, Hy-Vee, Fareway Grocery, Dollar General, Goodwill, Walgreens, O’Reilly Auto Parts , US Cellular, Anytime Fitness.

*In Association with Iowa Local Broker: Patricia Elliott, Elliott Realty Group #T0569800

Property Highlights

  • Brand New 10-Year NN Lease with 5% Rental Escalations Every 5 Years
  • Situated on a Hard Corner One Block from Walmart Supercenter on Main East/West Highway where Traffic Counts Exceed 17,130 CPD!
  • The Cellular Connection, LLC is the Largest Verizon Premium Wireless Retailer in the Country with ±887 Locations Across 39 States
  • 2018 Demographics: Total Population (5-MI): 14,920 | Avg HH Income (1-MI): $70,774