Verizon 2281 W Apache Trl 3,000 SF Retail Building Apache Junction, AZ 85120 $5,430,491 CAD ($1,810.16 CAD/SF) 5.80% Cap Rate

Cushman & Wakefield is pleased to present the opportunity to acquire a newly constructed net leased investment tenanted by Verizon Wireless, one of the largest telecommunications providers in the world. The property is secured by a lease guaranteed by Cellular Sales of Knoxville, Inc., one of the nation’s largest and most established Verizon Authorized Retailers, providing investors with a stable and predictable income stream backed by an experienced operator with more than 850 locations nationwide.
Founded in 2000, Cellular Sales has grown into Verizon’s premier authorized retailer, operating across more than 40 states and serving millions of customers through its expansive retail platform. Verizon generated approximately $138.2 billion in revenue in 2025 and maintains an S&P credit rating of BBB+, underscoring its position as a leading communications provider. Verizon serves consumers, businesses, and nearly all Fortune 500 companies through its wireless, broadband, voice, data, and business communications services. The company’s network infrastructure provides 4G LTE coverage to approximately 99% of the U.S. population and 5G coverage to more than 230 million people, reinforcing its essential role in the nation’s telecommunications ecosystem.
The subject property is a new construction Verizon store completed in 2026 and strategically positioned along Apache Trail, a major east-west transportation corridor serving Apache Junction and the broader East Valley. The site benefits from excellent accessibility and proximity to U.S. Route 60, which carries approximately 70,577 vehicles per day, providing significant exposure to daily commuter traffic. The surrounding retail corridor is anchored by a strong lineup of national tenants including Walmart Supercenter, Dollar Tree, McDonald’s, Arby’s, Starbucks, Jersey Mike’s, and numerous additional retailers, creating a highly trafficked commercial environment. The property is located within a densely populated trade area of more than 143,000 residents within a five-mile radius, supported by average household incomes of approximately $101,000, further enhancing the long-term strength of the underlying real estate.
This offering represents an opportunity to acquire a newly developed Verizon investment featuring contractual 10% rent increases every five years, a proven operator guaranty, and exceptional visibility in one of the Phoenix metropolitan area’s fastest-growing retail corridors. The combination of strong tenancy, durable cash flow, and strategic real estate fundamentals positions this asset as an attractive long-term net lease investment.