Verizon

Tenant Description

Verizon Wireless was founded on April 3, 2000, and is based in New Jersey, United States. The company is wholly owned by Verizon Communications Inc., an American broadband and telecommunications company.. Verizon Wireless is one of the premier wireless communication brands across the United States. Its network covers over 98% of the US population. Verizon is currently #16 the Fortune 500 list with revenue of $126 Billion. Verizon Wireless offers wireless telecommunications services, devices, and solutions.

What To Look For When Buying A Verizon

Lease termination options, Landlord responsibilities for roof and structure, Wireless stores pay high rent

What We Like About Verizon

Good Credit & Real Estate

Competition

AT &T

What Is Sold In A Verizon

Verizon Wireless’s online store sells basic phones, smartphones, tablets, mobile hotspots, accessories, apps, games, videos, data plans, music files, and more.

Verizon Website

https://www.verizonwireless.com/

Corporate Office Location

 140 W. Street – New York, NY 10007

Fast Facts

 The company provides 4G LTE network throughout the United States and operates 1,700+ retail locations in the United States. It also offers voice and data services in more than 200 destinations.

Stock Price
Tenant News
Average Cap Rate Trend
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$2,200,000
Avg. Rent$130,000
Avg. Price/SF$450/SF
Typical Lease TypeDouble Net
Typical Lease Term10 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PBBB+
Moody'sBaa1

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