Verizon

Interested in selling your Verizon NNN property or Verizon ground lease property and was wondering what you can get for it in today’s changing market?

Contact us for a complimentary broker opinion of value for your off-market Verizon NNN property for sale or Verizon ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Verizon NNN property or the inclusion of a Verizon ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Verizon properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.

Number of locations

As of January 2023, Verizon has over 2,800 stores in 34 countries and territories. Of these, over 1,200 are located in the United States and Canada.

Revenue and income

In 2022, Verizon’s total revenue was $131.8 billion. Net income was $18.5 billion.

Future plans

Verizon plans to continue expanding its global footprint. In 2023, the company aims to open over 2,000 new stores worldwide. Verizon also invests in new technologies, such as 5G expansion and innovative telecommunications solutions.

Corporate vs. franchise

About 60% of Verizon stores are corporate-owned, while 40% are operated through authorized retailers. Authorized retailers typically enter agreements with Verizon to operate under the company’s brand and guidelines.

Additional information Verizon Properties

1. Verizon, founded in 1983, is headquartered in New York City.

2. The company is a significant telecommunications conglomerate, providing many services, including wireless communication, internet, and TV.

3. Verizon is known for its leadership in 5G technology and its commitment to innovation in the telecommunications industry.

4. Verizon is a publicly traded company listed on New York Stock Exchange under VZ ticket.

Verizon History

Verizon traces its roots back to 1968 when Bell Atlantic Corporation, one of the regional Bell Operating Companies formed after the breakup of AT&T, was established. Through decades of mergers and acquisitions, including Nynex Corporation in 1996 and MCI WorldCom in 2000, Verizon Communications Inc. emerged as a leading telecommunications provider in the United States. Verizon is known for its reliable wireless network, internet services, and landline options. Its innovative technologies like 5G Ultra Wideband have contributed to its expansive reach and customer base.

Why Invest in Ground Lease and NNN Lease of Verizon?

Investing in Verizon’s ground lease and triple net (NNN) lease properties offer compelling reasons:

1) Verizon NNN Property Investment: Stable income

With a well-established brand and strong market presence, Verizon provides reliable income streams. Ground and NNN leases offer predictable cash flows over the long term.

2) Verizon NNN Property Investment: Established tenant

Verizon’s success and recognizable brand reduce the risk of vacancy or lease default, ensuring a stable tenant for the property.

3) Verizon NNN Property Investment: Low management responsibility

In-ground and NNN leases, the tenant manages property maintenance and expenses, minimizing the landlord’s management obligations.

4) Verizon NNN Property Investment: Favorable lease terms

Long lease terms with built-in rent escalations provide predictable income and potential rental growth.

5) Verizon NNN Property Investment: Real estate value

Verizon’s strategic locations in high-traffic areas with reliable infrastructure can increase property value, offering potential capital appreciation.

Pros and Cons of Verizon Ground Lease and NNN Lease Investment

Pros:

1. Stable income from a well-established brand.

2. Established tenant reduces vacancy and lease default risks.

3. Minimal management responsibility for landlords.

4. Long lease terms provide stability and potential income growth.

Cons:

1. Lease renewal risk when the term expires.

2. Dependency on Verizon’s success and operational challenges.

3. Market saturation and competition with other network providers can affect profitability.

4. Limited control over property decisions.

5. Economic and market risks inherent in real estate investments.

Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.