Verizon Wireless

3601 Converse Drive - Wilmington NC 28403

LTV (Loan to Value)	65.00%	Current NOI	$1,845,750.00
Interest Rate	4.250%	Capital Rate	6.500%
Fixed Term	10 Years	Land Area	+/- 17.55 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$18,455,550.10	Property Type	Office
Payment	$99,980.75	Property Lease	Call Center
Bulding Size	0 SF	Remaining Terms	Approx. 11.5 Years

Location Description

NNN Lenders is pleased to exclusively offer for sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in the single tenant commercial property located at 3601 Converse Drive in Wilmington, North Carolina 28403 (the “Property”). The Property is fully leased and operated as a call center for Verizon Wireless, a primary operating segment of Verizon Communications, Inc.

Highlights

Corporate Tenant Credit – Verizon Wireless is an operating segment of Verizon Communications, Inc. (NYSE: VZ), the largest U.S. wireless…

Property Description

The City of Wilmington is a port city, and the county seat of New Hanover County in coastal southeastern North Carolina. The population was 112,067 according to the 2010 Census. Wilmington is the principal city of the Wilmington Metropolitan Statistical Area, which includes New Hanover and Pender counties in southeastern North Carolina. This MSA had a population of 263,429 as of the 2012 Census. Wilmington's many attractions include the World War II battleship USS North Carolina currently held as a war memorial and located across from the downtown port area. Other attractions include the Cape Fear Museum, the Wilmington Hammerheads United Soccer League team and the training camp site for the Charlotte Hornets. Wilmington is also home to the University of North Carolina Wilmington (UNCW) which provides a wide variety of programs for undergraduates, graduate students and adult learners, in addition to cultural and sports events open to the community.