542370 Us-1 - Freestanding FOR SALE


Callahan, FL 32011
$1,666,667 USD
917-232-7868
542370 Us-1, Callahan, FL for Sale
$1,666,667 USD
Freestanding - FOR SALE
1/5
null | 6% Cap Rate

542370 Us-1
Callahan, FL 32011


HIGHLIGHTS

  • Brand New Verizon Wireless Lease
  • Full Building Renovation
  • Nation's Largest Verizon Retailer
  • Prime Visibility Along US-1
  • Strategic Callahan Location

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,666,667 USD

PRICE/SF

$422 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verizon

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

CH

APN/PARCEL ID

29-2N-25-0000-0039-0000

ASK ABOUT THIS PROPERTY

Jarett ZackmanVero Capital GroupMore Info
917-232-7868

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Jarett ZackmanVero Capital GroupMore Info
917-232-7868

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