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