Verizon

Investment Overview

Investment Highlights

• Long-Term Historical Occupancy - Build-To-Suit For Verizon in 2016
• Top-Performing Location Nationwide | 90th Percentile via Placer.ai | Top 98th Percentile in Minnesota | #1 out of 20 Within 50 Miles
• RARE 10-Year Lease Extension | Verizon Recently Extended For An Additional 10-Years Demonstrating Their Commitment To The Site
• The Lease Features Increases Throughout The Base Term and Options
• Investment-Grade Credit Tenant (NYS E: VZ | S&P: BBB+) Verizon Communications Inc. Reported $134.8B In 2024 Revenue (+0.6% YoY), Ranks #30 On The Fortune 500, Maintains Investment-Grade Ratings Across All Three Agencies (Moody’s: Baa1 | S&P: BBB+ | Fitch: A-), And Is A Top U.S. Wireless Carrier With Approximately 146.1M Total Wireless Retail Connections (3Q 2025) And An Estimated 34% U.S. Mobile Market Share
• Double Net Lease With Minimal Landlord Responsibilities
• Excellent Visibility and Access Off Of W Division St With Daily Vehicle Counts Exceeding 30,000
• Upscale Demographics | Average Household Income Exceeds $73,000 in a 5-Mile Radius | Population Exceeds 111,000 Within 5-Miles
• Neighboring Retailers Include: Crossroads Center Shopping Mall - A 1.7M SF Shopping Mall, Target, Chick-fil-A, The Home Depot, Aldi, Kohl's, Raising Cane's, Walmart, Costco, Menards, and Many More