Fortune 500 NN Retail Opportunity

Description:

ONE Sotheby's International Realty is pleased to present this exclusive listing of a freestanding Verizon Wireless located at 1082 State Road 436 in Casselberry, FL. The site constructed in 1989, and renovated in 2018, consists of 8,200 rentable square feet of building space and sits on an approximately 30,928 SF parcel of land. Verizon Wireless is subject to (4) Four-Years remaining of an original 10 Year NN lease. There is one five-year option period, extending the total possible lease term to 12 Years. As per the lease, the landlord is responsible for the roof, structure and parking lot maintenance while the tenant is responsible for non-structural repairs.

Additionally, the tenant reimburses the landlord for property taxes, REA expenses, and the landlord insurance policy. Given the growth seen in the Casselberry market along with continuous expansion of Orlando’s Tourist District, this property provides up-side for any investor long-term.

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