New Philadelphia, OH 44663

Verizon

Property Address

1216 West High Avenue, New Philadelphia, OH, USA

Offering Summary

  • Price: $1,990,000
  • Lot Size: .64 Acres
  • Cap Rate: 6.70%
  • Year Built: 2020
  • Building SF: 3,000
  • Status: In Escrow
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  • Brand New 10-Year Lease with Verizon - 2020 Construction
  • 10% Rental Increases Every 5 Years
  • Tenant is the Largest Verizon Retailer in the United States - 700+ Locations
  • 71,172 Residents within a 10-Mile Radius
  • Situated in New Philadelphia’s Primary Retail Corridor - Walmart Supercenter, Menard’s, ALDI, Rural King, Big Lots, Planet Fitness, and More
  • Average Household Income Exceeds 67K in Surrounding Area
  • Excellent Visibility Along New Philadelphia’s Main Thoroughfare - 20,600+ Cars/Day
  • 4 Miles from Kent State University’s Tuscarawas Campus (2,090 Students)

Broker Information