Marcus & Millichap is pleased to present the exclusive listing for a Verizon Wireless Store located at 20457 Interstate 30 S in Benton, Arkansas. The site consists of roughly 4,505 rentable square feet of building space on estimated 1.15-acre parcel of land. This Verizon Store is subject to a 10-year double-net lease (NN), which commenced September 9th, 2013. The current annual rent is $195,255 and is scheduled to increase by roughly 9.5% at the commencement of the first option period.
The subject property is located within a very prominent regional shopping center, just off Interstate 30. The building is ideally located directly off exit 121 easily accessible by both directions of traffic. The surrounding corridor is comprised of many high image, national retailers including Target, Five Below, Texas Roadhouse, McDonald’s, Panda Express, Hobby Lobby, Petco, etc, as well as various new construction hotels and car dealerships. The market has attractive demographics that are expected to grow by 2%+ in a 1-, 3-, & 5-mile radii.
✓ A+ Location, Terrific Real Estate Fundamentals (See Pages 7-8, 10)
✓ Original 10-Year Double-Net (NN) Lease
✓ Newer Construction, Build-to-Suit
✓ 16% Rental Increases in Option Periods
✓ 5G & Trade-Ins Will Be the Catalyst for Phone Upgrade Supercycle, Benefitting Storefronts Which Are Already The Highest Volume Sales Channel