$4,338,000 USD
954-400-2748
2259 Pine Ridge Rd
Naples, FL 34109
North Naples
HIGHLIGHTS
- Corporate Guaranteed Lease | Options To Extend | 10-Year Operating History | Scheduled Rent Increases
- NN Leased | Fee Simple Ownership | No State Income Tax | Limited Landlord Responsibilities
- Off Signalized, Hard Corner Intersection | Dense Retail Corridor | Off I-75 (98,100 VPD) | Strong Placer.ai Data
- Strong Demographics In 5-mile Trade Area
OVERVIEW
• Verizon has operated at this location for 10 years and has 7+ years remaining on their lease with 1 (5-year) option to extend
• The lease features a 21% rent increase at the beginning of the option period
• The operating tenant is Cellco Partnership, a corporate operating entity for Verizon
• Verizon generated revenues of $134.8 billion in 2024
FOR SALE DETAILS
PRICE
$4,338,000 USD
PRICE/SF
$703 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Verizon - Naples FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
42
LAND DETAILS
LAND ACRES
0.58 AC
LAND SF
25,265 SF
ZONING
C
APN/PARCEL ID
60499900081
ASK ABOUT THIS PROPERTY
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954-400-2748
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954-400-2748
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