Lowest cap rate over past 24 months
12 mo avg with 5+ yr lease term
|Average Sale Price||$1,750,000 - $4,000,000|
|Average NOI||$100,000 - $250,000|
|Lease Term||10 Years|
|Escalations||5 - 10% Every 5 Years|
With corporate headquarters located in Basking Ridge, NJ, Cellco Partnership (DBA Verizon Wireless) is known as one of the biggest telecommunications providers for mobile phone operations throughout the U.S.A. They are partnered with the corporations Verizon Communications, as well as Vodafone, a United Kingdom based international network provider. Each of the 2 latter companies share approximately half of entire company holdings.
The Cellco Partnership network is closing in on almost 110 million customers as of 2011 with roughly 2330 telecommunication properties. These statistics place Verizon as the single biggest wireless communications provider within the USA.
|Headquarters||Basking Ridge, New Jersey|
|Number of Locations||2,330|
|Key Principal||Hans Vestberg|