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Verizon 11345 S Fortuna Rd 3,000 SF Retail Building Yuma, AZ 85367 $2,655,040 CAD ($885.01 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Tenant/Guarantor is One of the Largest Verizon Wireless Retailers in the U.S. with More Than 800 Locations Across 41 States
- Newer 2017 Construction
- Situated Immediately Off the I-8 Freeway, a Major Connector Providing a Direct Route Between Phoenix and San Diego
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- 46,530 Residents within a 5-Mile Radius - Growing Yuma Trade Area
- Excellent Frontage Along Fortuna Road (20,800 Cars per Day)
EXECUTIVE SUMMARY
This Verizon-branded retail property offers a secure, income-producing investment in the rapidly growing Yuma trade area. Built in 2017, the asset features modern construction and a prime location along Fortuna Road with excellent visibility and traffic counts exceeding 20,800 cars per day. Positioned immediately off Interstate 8, the site benefits from strong connectivity between Phoenix and San Diego, making it a strategic retail corridor for national brands.
The property is leased to Cellular Sales of Arizona, LLC, one of the largest Verizon Wireless retailers in the U.S., operating nearly 800 locations across 41 states. The lease structure is double-net, providing investors with minimal landlord responsibilities and predictable cash flow. Current annual rent is $128,366.70 with scheduled 10% increases every five years, and two renewal options extend long-term stability.
Surrounding amenities include Fry’s Food and Drug, Ace Hardware, Planet Fitness, and multiple quick-service restaurants, creating a high-traffic retail environment. Yuma’s population growth, combined with its position as a regional hub serving four states and two countries, underscores the property’s long-term value. With a cap rate of 6.75% and strong tenant credit, this offering represents an attractive opportunity for investors seeking a reliable, well-located net-leased asset.
The property is leased to Cellular Sales of Arizona, LLC, one of the largest Verizon Wireless retailers in the U.S., operating nearly 800 locations across 41 states. The lease structure is double-net, providing investors with minimal landlord responsibilities and predictable cash flow. Current annual rent is $128,366.70 with scheduled 10% increases every five years, and two renewal options extend long-term stability.
Surrounding amenities include Fry’s Food and Drug, Ace Hardware, Planet Fitness, and multiple quick-service restaurants, creating a high-traffic retail environment. Yuma’s population growth, combined with its position as a regional hub serving four states and two countries, underscores the property’s long-term value. With a cap rate of 6.75% and strong tenant credit, this offering represents an attractive opportunity for investors seeking a reliable, well-located net-leased asset.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
C
Year Built
2017
Price
$2,655,040 CAD
Price Per SF
$885.01 CAD
Cap Rate
6.75%
NOI
$179,190 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.40 AC
Zoning
CC - Commercial Center
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 700-45-241 | Improvements Assessment | $52,274 CAD |
| Land Assessment | $45,538 CAD | Total Assessment | $97,812 CAD |
PROPERTY TAXES
Parcel Number
700-45-241
Land Assessment
$45,538 CAD
Improvements Assessment
$52,274 CAD
Total Assessment
$97,812 CAD
CONTACTS
-
Nick Christifulli -
Christopher Lind -
Mark Ruble -
Zack House -
Ryan Sarbinoff -
Marcus & Millichap
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Verizon | 11345 S Fortuna Rd
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