December 29, 2020 – Brendan Conway of Horvath & Tremblay has successfully completed the sale of Verizon Wireless in Dublin, Georgia. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $2,122,000.
Verizon Wireless is located at 2409 US Highway 80 West in Dublin, Georgia. The stand-alone building was constructed in 2008 and consists of 4,000 square feet. Verizon Wireless recently renewed their lease in June 2020 for an additional seven years, reflecting their commitment to the location and the market. The double net (NN) lease has 7 years remaining with a five-year renewal option. The corporate guaranteed lease calls for 10% rent increase at the start of the renewal option. The Property has been completely renovated (interior and exterior) to reflect the new Verizon Wireless prototype building and interior layout. The property is adjacent to a Walmart Supercenter and less than two miles on the same road (Highway 80 West) from the Dublin Mall and Home Depot. Other retailers in the area include Harbor Freight, Ollies Bargain, Food Depot, T.J. Maxx, Belk, Golden Corral, Waffle House, Red Lobster, Applebee’s, Chick-Fil-A, Sonic, Dunkin, McDonalds, Kroger and more.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.