Maher Commercial Realty just listed a Verizon Wireless location in Florence, Alabama, at $1,195,000 — and the tenant just extended the lease, making this one of the most straightforward passive income opportunities currently available at this price point.
The lease now runs through 2031 with an additional option through 2036, producing nearly $94,000 in annual NOI at a cap rate approaching 8 percent.
In this video, Oron Maher and Arian Zerehi of Maher Commercial Realty break down why this asset stands out in today’s NNN market.
Property highlights:
▶ Asking Price: $1,195,000
▶ Annual NOI: ~$94,000
▶ Cap Rate: Nearly 8%
▶ Lease Term: Through 2031 with option through 2036
▶ Tenant: Verizon Wireless — lease recently extended
▶ Built: 2016
▶ Location: Hard corner with strong anchor retail traffic, Florence, Alabama
Oron Maher notes that the recent lease extension is one of the most important details in this offering — it signals continued operator commitment while delivering a yield that exceeds many comparable wireless assets currently on the market.
Arian Zerehi points out that the 2016 construction, hard corner positioning, and proximity to established retail anchors give this asset the physical and locational quality that passive income investors should demand at any cap rate.
For investors seeking clean, passive NNN income without California pricing, this is the listing worth a close look.
📍 Maher Commercial Realty — Beverly Hills. NNN, retail, and commercial assets across Greater Los Angeles and nationally.
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