Investment Grade Credit Tenant (NYSE: VZ | S&P BBB+)
– Verizon Wireless reported $134.8 Billion in annual revenue for 2024, a 0.6% increase compared to 2023.
– Verizon Communications ranks #31 on the Fortune 500 list.
– Verizon has an investment grade credit rating from all three major agencies, with Moody’s at Baa1,
– S&P at BBB+, and Fitch at A+, reflecting its strong financial standing and solid access to capital.
– Verizon holds roughly 36% of the U.S. wireless-service market, making it the largest mobile carrier in the country by subscriber share.
Recent Long-Term Lease Extension with 10% Rental Increases Every 4 Years
– Verizon recently signed an early, 8-year lease extension in 2026, commencing March 1st, 2026, displaying their long-term commitment to this location.
– The lease offers a hedge against inflation with a 5% rental increases in lease year 6.
– The tenant has no option periods remaining, granting a new owner with full flexibility to reposition, renegotiate, or redevelop the site as they see fit.
– This store was a build-to-suit for Verizon Wireless and the tenant has been operating at this facility since 2007.
Situated at a Stoplight Intersection with 36,000+ Cars Per Day
– The subject property is located on Lawrenceville-Suwanee Road, which sees an average of 36,000+ cars per day.
– The parcel features healthy access, with the ability to turn left in and out of the property.
– The site is approximately .76 acres and has ample parking, lending itself to a multitude of redevelopment opportunities.
Located in a Major Commercial Trade Area with Several Big-Box Retailers
– The subject property is adjacent to many national retailers such as Walmart Supercenter, The Home Depot, Sam’s Club, Target, Kohl’s, Best Buy and much more.
– The subject property is located in close proximity to Wellstar Paulding Medical Center, a major regional medical center with approximately 112 beds and 1,900 employees. A major expansion is underway as of 2025 with a plan to increase capacity to 224 beds by 2029.
Located in the Atlanta Metropolitan Area
– The metro region added more than 64,000 residents in a single year (2024–2025), bringing the total to over 5.28 million, while the job base has expanded roughly 8% since the pandemic began.
– The Atlanta metro area has one of the highest concentrations of Fortune 500 companies in the United States.
– The population within a 2-mile radius of the subject property increased at an average annual rate of 2.4% between 2020 and 2024.
