SOLD – Verizon – Columbia

THE OPPORTUNITY

• The property is located in Irmo, the dominant retail submarket of Columbia, SC
• Columbiana Centre Mall is located across the street from the subject property
• Verizon remodeled the location in 2019
• The asset benefits from full access off Columbiana Dr
• Vacancies in the market are at their lowest points this cycle
• An investor will have an opportunity for organic NOI growth through Verizon’s rent escalations in 2027 and in the subsequent options

THE HIGHLIGHTS

• NN Lease
• Landlord Responsible for roof and structure
• Verizon has 25 years of operating history at this location
• Verizon is the largest U.​S.​ wireless communications service provider
• 155 million mobile subscribers
• $131B in T-12 revenue ending 3/31/20
• $31.61B Q1 2020 revenue
• 135,400 employees
• Investment Grade A-3 Moody’s Credit Rating