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Verizon 1107 Million Dollar Hwy 3,000 SF Retail Building Saint Marys, PA 15857 $2,542,996 CAD ($847.67 CAD/SF) 7.65% Cap Rate
INVESTMENT HIGHLIGHTS
- NN Lease | The site is subject to a double net (NN) lease.
- Affluent Suburban Community | Households within a 1-mile and 5-mile radius enjoy average annual incomes exceeding $85,900 and $77,700, fueling a robus
- Corporate Guarantee | The Cellular Connection (TCC) operates over 1,160 stores across all 50 states and is known for their exceptional experience and
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Verizon located at 1107 Million Dollar Highway, Saint Marys, Pennsylvania 15857. The site consists of roughly 3000 rentable square feet of building space on an estimated 0.78-acre parcel of land. This Verizon is subject to a 10-year Double Net (NN) lease, which commenced 1/4/2019. The current annual rent is $140,625 and has scheduled increases of 10.00% Every 5 Years.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,000 SF
Building Class
C
Year Built
2019
Price
$2,542,996 CAD
Price Per SF
$847.67 CAD
Cap Rate
7.65%
NOI
$194,539 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.78 AC
Parking
20 Spaces (3.36 Spaces per 1,000 SF Leased)
Frontage
107’ on Million Dollar Hwy
PROPERTY TAXES
| Parcel Number | 03-13-301-9787 | Improvements Assessment | $117,963 CAD |
| Land Assessment | $5,266 CAD | Total Assessment | $123,229 CAD |
PROPERTY TAXES
Parcel Number
03-13-301-9787
Land Assessment
$5,266 CAD
Improvements Assessment
$117,963 CAD
Total Assessment
$123,229 CAD
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Verizon | 1107 Million Dollar Hwy
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