1028 N Stratford Rd - Freestanding FOR SALE


Moses Lake, WA 98837
$3,124,508 USD
602-538-7155
1028 N Stratford Rd, Moses Lake, WA for Sale
$3,124,508 USD
Freestanding - FOR SALE
1/6
null | 6.5% Cap Rate

1028 N Stratford Rd
Moses Lake, WA 98837


HIGHLIGHTS

  • New construction – built in 2026
  • Strong guaranty from experienced operator (±850 locations)
  • 10% increases every 5 years
  • Verizon provides 4G LTE coverage to approximately 99% of the U.S. population and 5G coverage to ±230 million people
  • Located along North Stratford Road, Moses Lake’s primary north-south retail corridor, serving as a major commercial artery through the city
  • Strong average household incomes of approximately $94,000 within a 5-mile radius

OVERVIEW

Cushman & Wakefield is pleased to present the opportunity to acquire a newly constructed net leased investment tenanted by Verizon Wireless, one of the nation’s most recognizable and essential telecommunications brands. The property is secured by a lease guaranteed by Cellular Sales of Knoxville, Inc., a leading Verizon Authorized Retailer operating more than 850 locations nationwide, providing investors with a dependable income stream supported by an experienced and well-capitalized operator. 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 newly constructed Verizon retail location completed in 2026, prominently positioned along North Stratford Road, Moses Lake’s primary north-south retail corridor and one of the city’s most heavily trafficked commercial arteries. The property benefits from its location within a dominant retail trade area surrounded by major national retailers including WinCo Foods, Marshalls, Sportsman’s Warehouse, Walmart Supercenter, Starbucks, McDonald’s, and numerous additional national brands. Moses Lake continues to experience steady growth, recording approximately 1.7% annual population growth between 2024 and 2025, while the surrounding trade area is supported by average household incomes of approximately $94,000 within a five-mile radius. The corridor’s strong retail concentration and growing consumer base provide a compelling foundation for long-term tenant performance. This offering represents an opportunity to acquire a newly constructed Verizon net lease asset featuring 10% rental increases every five years, a strong operator guaranty, and a strategic location within Moses Lake’s premier retail corridor. Supported by an industry-leading telecommunications platform, growing market fundamentals, and long-term income growth, the investment offers durable cash flow and attractive long-term value for net lease investors.

FOR SALE DETAILS

PRICE

$3,124,508 USD

PRICE/SF

$1,042 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verizon

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

-

APN/PARCEL ID

090629005

ASK ABOUT THIS PROPERTY

Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.