Verizon & City Brew Coffee Two Tenant Net Lease
Great Falls, MT 59404

Verizon & City Brew Coffee - Two Tenant Net Lease Price Reduced - Submit All Offers. We are pleased to offer to qualified investors an opportunity to purchase a brand new two tenant retail investment at the corner of 4th St NE and Smelter Ave. NE in the Northwest Quadrant of Great Falls, Montana. The building, which will be 100% occupied by Verizon and City Brew Coffee, is comprised of approximately 4,521 SF and is located in a main retail corridor within close proximity to a Walmart Supercenter. Verizon (2,600 SF unit) signed a 6 year lease with 1 - 4 year extension option that includes a 5% rental increase at the beginning of said option. Verizon Communication (NYSE: VZ) - Rated BBB+ by S&P - employs over 161,000 people and is the one of the largest communication technology companies in the world. With over $126B in 2016 revenues, Verizon is ranked 13th on Forbes' Fortune 500 list. Verizon is also #19 on the World' s Most Valuable Brands list according to Forbes. The site is surrounded by national retailers such as Walmart Supercenter, Subway, Albertsons, McDonald' s, Walgreens, Kmart, Taco Bell, O' Reilly Auto Parts, and Pizza Hut. City Brew Coffee (1,921 SF unit) signed a 10 year lease with a 9% rental escalation in year 7 of the initial term, and comes with 2 - 5 year option periods. The first and second option periods increase by 8% and 7% respectively.