Verizon NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence

Verizon

Last Year Cap

6.6%

This Year Cap

6.7%

Cap Change

0.1%

Last Year Rating

BBB+

This Year Rating

BBB+

Rating Change

No change

Verizon – NNN Cap Rate Trend

Cap Rate Trends

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at Tenant Year Cap Rate
5779 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,020 6.5
5780 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,021 6.3
5781 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,022 6.0
5782 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,023 6.3
5783 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,024 6.6
5784 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,025 6.6
Tenant Year Cap Rate

Credit (what net-lease buyers care about)

Credit Snapshot

Verizon

Cap Rates NNN
Last Year 6.6%
This Year 6.7%
Change 0.1%
S&P Rating CREDIT
Last Year BBB+
This Year BBB+
Change No change

Verizon Net Lease: Secure, Essential Investment

Verizon Communications is a nationally recognized telecommunications provider and one of the largest wireless carriers in the United States. This guide reviews cap rates, lease structures, tenant credit, and key due diligence considerations for buyers and sellers evaluating Verizon net lease properties.

Investors often target Verizon assets for:

  • Stable Service-Based Income Potential
  • Essential Wireless and Telecommunications Infrastructure
  • Strong Corporate Tenant Profile
  • Attractive 1031 Exchange Compatibility

Verizon ground lease properties require careful evaluation of rent escalations, remaining lease term, extension options, site utility, and residual land value versus fee simple ownership.

Verizon Ground Lease Properties for 1031 Exchange Buyers

Verizon ground lease properties often trade differently than fee simple Verizon assets. Buyers should carefully evaluate lease structure, remaining lease term, renewal options, rent escalations, landlord responsibilities, and long-term re-tenanting flexibility to better understand risk and return characteristics. Many Verizon locations occupy high-traffic retail corridors and dense suburban trade areas, making real estate quality, visibility, demographics, and site functionality key factors when underwriting long-term investment performance and resale value.

Verizon – Credit Trend (S&P vs Moody’s)

Tenant_Rating_Trend

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at TenantKey Tenant Year Moody SP Moody_Grade SP_Grade Moody_GradeRank SP_GradeRank
1 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2022 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
2 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2023 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
3 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2024 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
4 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2025 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
5 admin2 2025 03:43 PM admin2 2025 03:43 PM 99centsonlystoresllc 99 Cents Only Stores, LLC 2022 Caa2 CCC+ Substantial Risk Substantial Risk 2 2
TenantKey Tenant Year Moody SP Moody_Grade SP_Grade Moody_GradeRank SP_GradeRank

Verizon Stock Price (NYSE: VZ)

Verizon Investment Market Statistics

AVERAGE SALE PRICE

$6,000,000

BUILDING SIZE

2,500 – 5,000 SF

AVERAGE NOI

$375,000

LAND

0.50 – 1.50 Acres

$/SF RANGE

$450 – $1,200/SF

LEASE TERM SHOWN

15 years

Verizon Investor Snapshot (Quick Facts)

Origins & Growth (Past)

• Founded in 1983 as Bell Atlantic
• Expanded through major telecom mergers
• Rebranded as Verizon in 2000
• Built nationwide wireless network infrastructure
• Expanded broadband and digital services
• Became leading U.S. telecom provider

 

Where Verizon Stands Today

• Extensive nationwide wireless network footprint
• Leading U.S. telecommunications provider
• Millions of daily wireless and broadband connections
• Primarily corporate-operated retail locations
• Expanding 5G and digital service platforms
• Focus on network efficiency and cost control

Where Verizon Stands Today

• 5G Expansion
• Digital Growth
• Network Efficiency
• Wireless Demand
• Broadband Growth
• Customer Connectivity
• Retail Optimization
• Service Expansion

 

Why investors buy Verizon NNN Properties or Verizon ground Lease Properties?

Pros (what buyers like)

  • Strong tenant credit
    Investment-grade telecommunications company with national scale
  • Essential communication services
    Wireless and broadband services support recurring consumer demand
  • Prime retail locations
    Often positioned on major corridors and signalized intersections
  • Recognized national brand
    Large customer base with strong market presence
  • Attractive lease structures
    Long-term NNN and ground leases appeal to passive and 1031 buyers
  • Growing digital connectivity demand
    5G, broadband, and mobile data usage continue expanding

Cons (what can bite you)

  • Lease structure variability
    Some assets may be NN or modified NNN with landlord responsibilities
  • Retail footprint optimization risk
    Store consolidation trends may impact certain locations over time
  • Flat or limited rent growth
    Some leases contain minimal rent escalations
  • Re-tenanting challenges
    Telecom-specific layouts may limit alternative tenant reuse
  • Location sensitivity
    Secondary retail corridors may experience weaker long-term demand
  • Changing technology trends
    Rapid telecom evolution can affect store strategy and format needs

Find out more

Verizon NNN properties, Verizon ground lease, Verizon net lease, Verizon real estate, Verizon cap rate, Verizon lease term, Verizon tenant credit, Verizon property for sale, telecom net lease, wireless retail investment, Verizon 1031 exchange, single tenant net lease, Verizon investment property, Verizon corporate lease, telecom real estate investment

Verizon Background & History

Verizon Communications is a national telecommunications company best known for its extensive wireless network, broadband services, and retail store presence across the United States. What began as a regional telecommunications business evolved into one of the country’s largest providers of wireless communication, internet connectivity, and digital services focused on consumer and commercial customers.

Over time, the company built a nationwide footprint through network expansion, infrastructure investment, and major telecom acquisitions. Today, customers rely on Verizon locations and services for wireless connectivity, broadband access, mobile devices, and business communication solutions.

As consumer demand has shifted toward mobile connectivity, high-speed data, and digital communication, Verizon has adapted through 5G deployment, broadband expansion, digital platforms, and operational efficiencies that support growing network usage and customer demand.

Why Verizon Matters to NNN Investors

Verizon operates one of the largest wireless and broadband networks in the United States, serving millions of customers daily. The business model is centered on essential communication services, recurring subscription revenue, and locations positioned along major retail corridors and dense population centers.

Many Verizon retail locations occupy prime commercial real estate with strong visibility, high traffic exposure, and convenient customer access, which helps support consistent consumer activity. In addition, the company continues to invest in 5G infrastructure, broadband services, and digital platforms to improve operational efficiency and customer engagement.

This focus on essential connectivity services helps explain why Verizon remains relevant as communication technology continues to evolve. Management continues to optimize retail locations and adapt to changing consumer behavior, mobile usage trends, and digital service adoption.

What Buyers and Sellers Should Evaluate

For investors evaluating Verizon NNN properties, a Verizon net lease, or a Verizon ground lease, the investment thesis is typically centered on real estate quality, tenant credit strength, and long-term location relevance. As a result, buyers often place greater emphasis on lease structure, site fundamentals, demographics, and long-term usability than on brand recognition alone.

Common searches include Verizon real estate, Verizon cap rate, Verizon lease term, Verizon tenant credit, and Verizon store performance. Ultimately, Verizon net lease value is driven by site-specific factors, lease economics, traffic exposure, and how the location fits within the company’s broader retail and service network.

As telecommunications technology and consumer behavior continue to evolve, the strongest Verizon locations tend to be those that remain strategically positioned within dense retail trade areas. Buyers and sellers should evaluate each property individually, including ingress and egress, visibility, surrounding population density, nearby competition, lease language, and landlord responsibilities.

In addition, investors should consider long-term cash-flow durability, retail footprint optimization trends, evolving technology needs, and how the asset may perform across different hold periods and exit strategies.

our team of experts are here for you

Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.

Whether you are comparing Verizon ground lease properties or fee simple Verizon assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.

Scroll to Top