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Verizon 1306 N State St 2,387 SF Retail Building Greenfield, IN 46140 $2,030,948 CAD ($850.84 CAD/SF) 7.23% Cap Rate
Investment Highlights
- Lease Guaranteed From The Second Largest Verizon Retailer With $2+ Billion In Annual Revenue I Strong Operator (TCC - Verizon Authorized Retailer)
- Double Net Lease With Minimal Landlord Responsibilities - Transferrable Roof Warranty Through 2034
- Upscale Demographics | Average Household Income Exceeds $85,000 in a 5-Mile Radius | Population Exceeds 34,000 Within 5-Miles
- Build-To-Suit For Verizon In 2019 - Nearest Verizon is 13-Miles Away
- Traffic Counts Boast 18,400 VPD+ Along N State St
- Total Customer Spending Exceeded $434,456,567 In 2024 Within a 5-Mile Radius
Executive Summary
Lease Guaranteed From The Second Largest Verizon Retailer With $2+ Billion In Annual Revenue I Strong Operator (TCC - Verizon Authorized Retailer) with Over 1,200 Locations Across 43 States
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,387 SF
Building Class
B
Year Built
2019
Price
$2,030,948 CAD
Price Per SF
$850.84 CAD
Cap Rate
7.23%
NOI
$146,901 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.47 AC
Parking
19 Spaces (7.96 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-07-29-400-010.000-009 | Improvements Assessment | $524,749 CAD |
| Land Assessment | $210,621 CAD | Total Assessment | $735,370 CAD |
Property Taxes
Parcel Number
30-07-29-400-010.000-009
Land Assessment
$210,621 CAD
Improvements Assessment
$524,749 CAD
Total Assessment
$735,370 CAD
Contacts
-
Deno Bistolarides -
Nick Yaldo -
Brent Hanna -
Encore Real Estate Investment Services
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Verizon | 1306 N State St
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