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6.00% CAP | Verizon Wireless | NNN Lease 4895 Belle Terre Pky

2,400 SF Retail Building Palm Coast, FL 32164 $2,420,000 ($1,008/SF) 6% Cap Rate

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Investment Highlights

Estimated population of over 88,000 with an estimated average income of more than $112,000 within a five (5)-mile radius
Initial ten (10)-year lease term with two (2) x five (5) year options

Access to two (2) signalized intersections

Executive Summary

RMC is pleased to present this free-standing Verizon Wireless located in Palm Coast Florida. This triple net leased investment features an initial ten (10)-year lease. The lease term includes two (2) x five (5) years option periods which the tenant is currently in the 1st option period. Verizon Wireless is situated on 0.63 acres at the NWQ of Belle Terre Pkwy and Palm Coast Pkwy SW which has access to two (2) signalized intersections. Other retailers in the surrounding area include Publix Super Market, ALDI, McDonalds, Auto Zone, Verizon, Khol’s, PNC, Circle K, Space Coast Credit Union, Walgreens, etc.