Verizon | Selinsgrove, PA

Equity CRE is pleased to offer the opportunity to acquire a building leased to Verizon, with about 3,310 square feet subleased to a dentist’s office. This offering features a recently extended NNN lease with approximately 13 years of lease term remaining. The lease is corporately guaranteed by Verizon, a publicly traded company with a BBB+ rating from Standard & Poor’s.

The property benefits from a strategic location along Selinsgrove’s primary retail corridor, with over 32,000 vehicles passing the site each day. The property is located less than one mile from Monroe Marketplace, a major retail destination anchored by national tenants including Target, TJ Maxx, and Dick’s Sporting Goods, among many others. According to Placer.ai, the shopping center saw approximately 4.9 million visitors in the past 12 months, drawing major consumer traffic to the area.

• Strong Retail Corridor: Verizon is located along N Susquehanna Trail, benefiting from excellent visibility by more than 32,000 vehicles per day. The property is situated near Monroe Marketplace, a major retail destination that saw 4.9 million visitors in the past 12 months, driving significant consumer traffic to the immediate retail area.
• Significant Growth Potential: Verizon is currently subleasing approximately 3,310 square feet of its space to a dental office for $82,752 annually under a 10-year lease term. Should Verizon ever vacate the premises, there is an opportunity to substantially increase the property’s NOI and enhance the overall value of the asset.
• Strong Placer.ai Data: This Verizon location ranks in the 75th percentile for visits among all Verizon locations in Pennsylvania, demonstrating strong consumer demand.
• Commitment to Location: Verizon has been at this site since 2020, and recently extended their lease until the end of 2039, demonstrating a commitment to the location and confidence in the store’s continued performance.