Verizon NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence
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
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
BUILDING SIZE
AVERAGE NOI
LAND
$/SF RANGE
LEASE TERM SHOWN
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
Investor Decision Framework (Buy / Hold / Sell)
✓ Strong “Buy Box” for a Verizon Net Lease
• 10–15+ years term remaining with renewal options • Absolute NNN or landlord-light lease structure • Prime retail corridor with strong traffic and visibility • Signalized intersection or high-density trade area location • Strong wireless market coverage and customer demand • Rent aligned with market fundamentals and resale positioning • Modern store format with strong long-term usability
02
⚠ Yellow Flags (Price Accordingly)
• NN lease (not true NNN) with landlord responsible for roof, structure, or site work • Flat rent with limited or no rent escalations • Older or outdated retail store format with weaker long-term utility • Non-prime location with weak visibility, access, or traffic counts • Retail store consolidation risk due to evolving digital sales trends • Telecom-specific layouts that may limit alternative tenant reuse • Short remaining lease term without strong renewal options
Find out more
Verizon Background & History
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.