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Verizon 542370 Us-1 3,951 SF Retail Building Callahan, FL 32011 $2,265,000 CAD ($573.27 CAD/SF) 6% Cap Rate
Investment Highlights
- Brand New Verizon Wireless Lease
- Nation's Largest Verizon Retailer
- Strategic Callahan Location
- Full Building Renovation
- Prime Visibility Along US-1
Executive Summary
Vero Capital Group is pleased to exclusively present the opportunity to acquire
a Verizon Wireless property located on more than one acre along US-1 in
Callahan, Florida. The property is leased to Cellular Sales of Northern Florida,
LLC, an Authorized Verizon Wireless Retailer, with the lease guaranteed by
Cellular Sales of Knoxville, Inc., the largest Verizon Wireless retailer in the nation.
The lease represents a brand-new commitment by the tenant, who is investing
in a full renovation of the building, further demonstrating confidence in the
Callahan market. This investment offers secure cash flow backed by a national
telecommunications leader and its strongest retail partner.
The property benefits from excellent visibility along US-1, which experiences
over 23,000 vehicles per day, and is situated within a growing retail corridor
supported by surrounding national retailers such as Dollar General, Walgreens,
Winn-Dixie, Badcock Home Furniture, and Circle K.
With a 5-year initial lease term and two 5-year renewal options, the investment
offers long-term stability and income growth in a thriving submarket of Nassau
County, just northwest of Jacksonville.
a Verizon Wireless property located on more than one acre along US-1 in
Callahan, Florida. The property is leased to Cellular Sales of Northern Florida,
LLC, an Authorized Verizon Wireless Retailer, with the lease guaranteed by
Cellular Sales of Knoxville, Inc., the largest Verizon Wireless retailer in the nation.
The lease represents a brand-new commitment by the tenant, who is investing
in a full renovation of the building, further demonstrating confidence in the
Callahan market. This investment offers secure cash flow backed by a national
telecommunications leader and its strongest retail partner.
The property benefits from excellent visibility along US-1, which experiences
over 23,000 vehicles per day, and is situated within a growing retail corridor
supported by surrounding national retailers such as Dollar General, Walgreens,
Winn-Dixie, Badcock Home Furniture, and Circle K.
With a 5-year initial lease term and two 5-year renewal options, the investment
offers long-term stability and income growth in a thriving submarket of Nassau
County, just northwest of Jacksonville.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,951 SF
Building Class
C
Year Built
1997
Price
$2,265,000 CAD
Price Per SF
$573.27 CAD
Cap Rate
6%
NOI
$135,899 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.08 AC
Zoning
CH - Commercial
Parking
50 Spaces (12.66 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Verizon Wireless
- -
- -
- -
- Double Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Verizon Wireless | - | - | - | Double Net | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-2N-25-0000-0039-0000 | Improvements Assessment | $1,284,418 CAD |
| Land Assessment | $687,685 CAD | Total Assessment | $1,972,103 CAD |
Property Taxes
Parcel Number
29-2N-25-0000-0039-0000
Land Assessment
$687,685 CAD
Improvements Assessment
$1,284,418 CAD
Total Assessment
$1,972,103 CAD
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Presented by
Verizon | 542370 Us-1
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