For Sale
Verizon Wireless | Altus, OK
Asking Price: $1,230,000 | Cap Rate: 6.75%
- Net Operating Income: $82,980
- Weighted Avg. Lease Term (WALT): 7.3 Years
- Lease Type: Net
Property Highlights
- 2017 construction; 7 years remaining on initial 10 year lease
- Attractive 5% increases every 5 years; next increase is in November 2022
- Tenant is the largest Verizon operator in the U.S. with over 700+ locations
- Located on a hard corner intersection with over 15,000 VPD