Verizon has a recently executed 1st option with 5 years remaining on NN Lease with 10% rental escalations every 5 years (In Options). The tenant, Verizon Wireless (VAW) LLC, was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. Currently, Verizon has 1,600+ retail stores in the U.S.
This asset is well positioned on main retail corridor - Pad site to Gordmans, Home Depot and Ashley Furniture anchored retail center – Great visibility on US Hwy 281 (19,089 CPD).
Verizon is located in Grand Island, Nebraska, with nearby retailers including Hobby Lobby, Slumberland Furniture, Dick’s Sporting Goods, Bed Bath & Beyond, Sam’s Club, Burlington, Dollar Tree, Best Buy, Dillard’s, Petco, Petsense, Shoe Carnival, Hibbett Sports, Harbor Freight Tools, Tractor Supply Co., Goodwill, AMC Theatres and Planet Fitness.