Verizon Wireless

Verizon Wireless

Verizon Wireless
4210 West Tennessee Street
Tallahassee, FL 32304

$2,000,000

Cap Rate 6.00%
Gross Leasable Area (GLA) 4,662 Sq.Ft.
Price Per Square Foot (GLA) $429
Year Built 1997/2015
Lot Size 0.53 Acres
  • Corporate Guarantee by Cellular Sales of Knoxville with 600+ Locations, Largest Verizon Franchisee in the U.S.
  • Located at the Signalized Entrance to a Wal-Mart Supercenter Anchored Plaza with Office Depot, Bealls, Dollar Tree and Taco Bell
  • Low Rent and Strong Intrinsic Value
  • Highly Visible to 32,000+ Vehicles Per Day
  • Over 114,000 People in a Five Mile Radius
  • Florida: Income Tax Free State
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Verizon Wireless (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus and Millichap is pleased to present this Verizon Wireless in Tallahassee, Florida. Located at the signalized entrance to a Wal-Mart Supercenter Anchored Plaza, Verizon occupies a 4,662 Square Foot Building on a 23,087 Square Foot Lot. The lease is guaranteed by Cellular Sales of Knoxville, with over 600 locations throughout the United States. Verizon signed a 10 Year Modified Triple Net Lease at a reasonable rent of $25 per square foot. An investor will realize a favorable return for an asset with strong intrinsic value.

For More Information, Please Contact:

James Medefind

First Vice President Investments
(813) 387-4788
James.Medefind@MarcusMillichap.com