Verizon Available For Sale

Description:

ATLANTA MSA ADVANTAGE
● Atlanta MSA has the 5th largest population in the US with over 5.9 million residents
● 30 companies with headquarters in Atlanta MSA are among the 2020 Fortune 1000
● 16 ranked in the elite Fortune 500
● Georgia has been named the #1 state for business climate and for doing business for the last 6 years (Site Selection & Area Development)
● For the last 5 years, Atlanta has been among the top 5 metro areas in the nation for most net migration
● Major industries include financial services, technology and telecommunications
● Forbes Rankings:
○ #13 Best Places for Business and Careers, #34 in Job Growth & #41 in Education

STRONG REAL ESTATE FUNDAMENTALS
● Affluent, dense and high-growth metro of Atlanta
○ Average household incomes of ±$101k (1-mi), ±$126k (3-mi) & ±$130k (5-mi)
○ Permanent population estimates of ±30k (3-mi) & ±63k (5-mi)
○ Projected population growth of 4-6% over next 5 years within 1, 3 & 5-mile radius
● Ample parcel size of ±1.03 acres
● Across the street from Fayette Pavilion, Georgia’s largest open-air shopping center with 1.1
MMSF of retail
○ Anchor tenants include Publix, Walmart, Hobby Lobby, Target & Home Depot

MAJOR DEVELOPMENTS IN FAYETTE COUNTY, GA
● US Soccer Federation to move their National Training Center & HQ to Fayette County
○ Key site selection criteria included proximity and accessibility to a major international airport as well as downtown, optimal climate for year-round programming, the ability to drive economic impact locally, and the opportunity to be part of a diverse, growing community.
○ Plans include over a dozen soccer fields and 100,000+ SF indoor facility
○ Estimated to create 400+ new jobs and a local investment of $200+ MM
● Trilith Studios
○ Encompasses a 700-acre site
○ 2nd largest film and TV studio in North America
○ Larger development includes Town at Trilith which includes 1,400 residential doors, retail, officeand other amenities

CORPORATELY GUARANTEED LEASE
● Verizon has an investment grade credit rating of BBB+/Stable (S&P)
● Passive lease structure with limited LL responsibilities
● Tenant has successfully operated at this location since 2014 with recent early renewal

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