Verizon | Long Term Tenant Occupancy

$2,331,240

1720 East Dixon Boulevard, Shelby, NC 28152

For Sale

Retail Free Standing

Active

Last Updated: 11/03/2022

Details:

Cap Rate: 6.85%

: 10,646 sqft

Year Built: 1993

Year Last Renovated: 2013

Tenant Responsilbilities: CAM,RE Taxes, Insurance, HVAC Preventative Maintenance & Parking Lot Maintenance

Offered by

Luke Waters

Investment Associate

SWE Realty, LLC

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Highlights:

Freestanding Corporate Verizon wireless
37,000 cars per day
Verizon invested approx. $580k in renovations in 2013 with no landlord concessions
27 year tenant occupancy with long term commitment to site
Rare cell tower located on parcel with 99-year lease with equipment room being used by Tower and Verizon. Estimated cost of equipment is $500k +
25+ year tenant occupancy
2021 all new plumbing, septic, piping
2016 new roof with transferable 15-year warranty (expires 9/6/31)
Rare concrete tilt up construction including loading docks and bays, excellent for future light industrial or retail if necessary
Newer HVAS units (one replaced in 2019 and the other six replaced in 2012)
On site employee training room

Description:

• Long term tenant occupancy with tenant investing approx. $580k in renovations (2013).
• Rare cell tower connecting to equipment room located in building.
• Tilt up concrete construction with new roof (2016) and 15-year warranty.
• New roof and HVACS
• 52k+ residents within a 3 mile radius
• Corporate Verizon
• 25+ year tenant occupancy
• Strong tenant performance throughout Covid 19 pandemic
• Long term tenant occupancy
• 15 year warranty on roof (10 years remaining)