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.