About This Property
For sale to qualified investors is the 100% fee-simple interest in the freestanding Verizon located just off Interstate 70 in Cambridge, Ohio. Victra is the operator of this and over 1,500 stores nationwide, and recently added 5 years of lease term, giving them nearly 6 years of guaranteed term remaining and displaying their commitment to the location. Along with the extension, Verizon also agreed to a rental increase of 41% over their previous amount. This lease also comes with minimal landlord responsibilities of roof and structure only. The passive nature of this lease combined with the strong operator make this an ideal 1031 replacement property or acquisition for an investor desiring a passive real estate investment at above market rates. The property is located off of heavily-trafficked Interstate 70 (41,598 VPD) within only a mile of Interstate 77. Due to this regional location (and county seat), this shopping area caters to shoppers from miles and miles in all directions. The property is shadow anchored by Walmart, Rural King, Marshalls and Bealls (opening 2023), and is surrounded by other national retailers including Starbucks, Buffalo Wild Wings, Arby’s, Aldi, Taco Bell, Bob Evans, Tractor Supply, KFC, Ruby Tuesday, McDonald’s, Denny’s, Dollar General, Big Lots, Family Dollar, Wendy’s, Tim Hortons, AutoZone and many others.