Description

We are pleased to offer Verizon Wireless at 1445 North Expressway in Griffin, Georgia, for sale at $2,100,000. The property totals approximately 4,650 SF and was built in 1982.

This investment offering presents the opportunity to acquire a Verizon Wireless-leased property located at 1445 N. Expressway in Griffin, Georgia. The property encompasses approximately 1.10 acres and is leased to Verizon Wireless under the Fourth Renewal Term, which commenced November 1, 2024 and extends through October 31, 2029.

The lease provides current annual base rent of $122,899.44, or $10,241.62 per month. The NNN lease structure places significant property-related obligations on the Tenant, including required insurance premiums and other expenses assigned under the Lease, providing an investor with a relatively passive income profile. The Fourth Amendment also confirms the continuation of the existing lease provisions except where specifically modified

Highlights include: Leased to Verizon Wireless (Cellco Partnership), a leading national wireless telecommunications provider with an established presence at the property; Current five-year renewal term through October 31, 2029, providing contractual income visibility to the investor; NNN lease structure with no landlord responsibilities; Approximately 1.10-acre site located along N. Expressway in Griffin, Georgia; Located along N. Expressway near Walmart and other established retailers, benefiting from a well-developed commercial trade area; Established commercial location serving the Griffin market and surrounding communities, providing a stable setting for a national wireless tenant; Average household income demonstrates strong growth potential, increasing from $93,800 to $114,500 within the five-mile radius over the next five years.

The property is strategically located along N. Expressway in Griffin, Georgia, providing access to an established commercial corridor within the Griffin market. The location serves the surrounding residential and commercial areas of Griffin and provides a convenient setting for Verizon Wireless's customer-facing operations.

Griffin serves as a regional commercial center south of the Atlanta metropolitan area, with N. Expressway providing an important north-south connection through the community. The property's established commercial setting and accessible location support continued visibility and convenience for the Verizon Wireless tenancy

Elliott Kyle and Chase Murphy of Skyline Seven Real Estate represent this offering. We welcome inquiries and are glad to share additional property information, photos and terms on request. Please contact us to discuss the opportunity or arrange a tour.