Verizon Wireless - Upland Real Estate Group
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Verizon Wireless
930 Frontenac Drive | Winona, MN | 55987
Keith A. Sturm, CCIM | 612.376.4488 | keith@upland.com 50 South 6th Street | Suite 1418
Amanda C. Leathers | 612.436.0045 | amanda@upland.com Minneapolis, MN | 55402
www.nnnsales.com
Look Upland. Where Properties & People Unite!
Verizon Wireless
CONFIDENTIALITY & DISCLAIMER Winona, MN
NET LEASED DISCLAIMER
Upland Real Estate Group, Inc. hereby advises all prospective purchasers of Net Leased property as follows:
The information contained in this Marketing Package has been obtained from sources we believe to be reliable. However, Upland Real Estate Group, Inc. has not and will not verify any
of this information, nor has Upland Real Estate Group, Inc. conducted any investigation regarding these matters. Upland Real Estate Group, Inc. makes no guarantee, warranty or
representation whatsoever about the accuracy or completeness of any information provided.
As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any
purchase. This Marketing Package is not a substitute for your thorough due diligence investigation of this investment opportunity. Upland Real Estate Group, Inc. expressly denies any
obligation to conduct a due diligence examination of this Property for Buyer.
Any projections, opinions, assumptions or estimates used in this Marketing Package are for example only and do not represent the current or future performance of this property. The
value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial, legal and other advisors.
Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with
the suitability of the property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal, financial and other advisors must request and carefully review all legal, financial and
other documents related to the property and tenant. While past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly,
the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual
performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with
other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease
guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the
likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential
replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.
All information, including price change and withdrawal from the market, is subject to change without notice.
By accepting this Marketing Package you agree to release to Upland Real Estate Group, Inc. and hold it harmless from any kind of claim, cost, expense, or liability arising out of your
investigation and/or purchase of this net leased property.
CONFIDENTIALITY AND DISCLAIMER: The information contained in the following Marketing Package is proprietary and strictly confidential. It is intended to be reviewed only by the party re-
ceiving it from Upland Real Estate Group, Inc. and should not be made available to any other person or entity without the written consent of Upland Real Estate Group, Inc. This Marketing Pack-
age has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information con-
tained herein is not a substitute for a thorough due diligence investigation. Upland Real Estate Group, Inc. has not made any investigation, and makes no warranty or representation, with re-
spect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the pres-
ence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, the financial condition
or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property or any other matter related to the subject property. The information
contained in this Marketing Package has been obtained from sources we believe to be reliable; however, Upland Real Estate Group, Inc. has not verified, and will not verify, any of the infor-
mation contained herein, nor has Upland Real Estate Group, Inc. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accura-
cy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
KEITH A. STURM, CCIM | AMANDA C. LEATHERS | 612.332.6600 PAGE 2
Verizon Wireless
HIGHLIGHTS Winona, MN
PRICE: $1,372,000
CAP: 7.00%
NOI: $96,000
Dense Retail location with Target,
Walmart, Walgreens, Menards, Mills
Fleet Farm, and many more
Near Winona State University with
8,600 Students
1 Block East of Winona Health: 99 beds,
1,200+ employees
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or
age are approximate. Upland has not verified this information. Buyer must verify the information and bears all risk for any inaccuracies.
KEITH A. STURM, CCIM | AMANDA C. LEATHERS | 612.332.6600 PAGE 3
Verizon Wireless
PROPERTY OVERVIEW Winona, MN
INVESTMENT SUMMARY LEASE INFORMATION
PRICE $1,372,000 LEASE TYPE NN
CAP 7.00%
LEASE TERM 7 YEARS
NOI $96,000
RENEWAL OPTIONS Two 4-year
RENT/SF $32.00
LEASE COMMENCEMENT 11/01/2012
PRICE/SF $512.00
RENT ADJUSTMENTS LEASE EXPIRATION 10/31/2019
YEARS 2-4 $96,000
LEASE NOTES:
YEARS 5-7 $100,500
Net. Net. Landlord is responsible for repairs of roof, structure, and repairs and replacement of paving in the parking areas and com-
OPTION 1 $105,000 mon areas in excess of $1,500. Please see Lease Agreement.
OPTION 2 $109,500
PROPERTY INFORMATION DEMOGRAPHIC INFORMATION
930 Frontenac Drive 1-MILE RADIUS 3-MILE RADIUS 5-MILE RADIUS
ADDRESS
Winona, MN 2016 POPULATION 6,246 22,502 32,064
BUILDING SIZE 3,000 SQ FT 2021 POPULATION 6,375 22,726 32,569
LOT SIZE 0.38 ACRES 2016 MEDIAN HOUSEHOLD INCOME $41,382 $39,327 $42,923
COUNTY Winona 2016 AVERAGE HOUSEHOLD INCOME $53,468 $55,529 $58,957
YEAR BUILT 2012 All demographic information is obtained from Site To Do Business, which compiles US Census Bureau data and Esri projections for 2015 and 2020.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or
age are approximate. Upland has not verified this information. Buyer must verify the information and bears all risk for any inaccuracies.
KEITH A. STURM, CCIM | AMANDA C. LEATHERS | 612.332.6600 PAGE 4
Verizon Wireless
TENANT INFORMATION Winona, MN
PROPERTY VERIZON WIRELESS
VERIZON WIRELESS PERSONAL
TENANT
COMMUNICATIONS LP
REVENUES PRIVATE
NET WORTH PRIVATE
S&P RATING NON-RATED
Overview
Lease is signed by Verizon Wireless Personal Communications LP which is a wholly-owned subsidiary of Cellco Partnership. Cellco Partnership is a
subsidiary of Verizon Communications Inc. Verizon’s wireless segment is comprised of Cellco Partnership doing business as Verizon Wireless.
Cellco Partnership, doing business as Verizon Wireless, provides wireless communication services across wireless networks in the United States. It
operates third generation (3G) wireless broadband networks; and fourth generation long-term evolution technology (4G LTE) networks. The company
also provides postpaid and prepaid voice services; and sells cell phones, smart phones, tablets, mobile hotspots, USB modems, voice and data plans, and
accessories. In addition, it provides solutions and services to small and medium business, and governments. The company serves approximately 102.8
million retail connections and operates approximately 1,700 retail stores in the United States, as well as offers voice and data services in approximately
200 destinations. Cellco Partnership was founded in 1994 and is headquartered in Basking Ridge, New Jersey. Verizon Wireless Inc. operates as a
subsidiary of Verizon Communications Inc.
Verizon is the #2 US telecom services provider overall after AT&T, but it holds the top spot in wireless services ahead of rival AT&T Mobility. The
company's core mobile business, Verizon Wireless, is primarily retail and serves 103 million customers. (Verizon Wireless was a joint venture with
Vodafone until 2014, when Verizon bought out Vodafone's stake for $130 billion.) Verizon's wireline unit, with nearly 24 million landline accounts,
provides local telephone, long-distance, Internet access, and digital TV services to residential and wholesale customers. In addition, Verizon offers a wide
range of telecom, managed network, and IT services to commercial and government clients in more than 150 countries. As of December 2013, the
company has a net worth of $38.8 billion, revenues of $120.5 billion and a 'BBB+' S&P rating.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or
age are approximate. Upland has not verified this information. Buyer must verify the information and bears all risk for any inaccuracies.
KEITH A. STURM, CCIM | AMANDA C. LEATHERS | 612.332.6600 PAGE 5
Verizon Wireless
PROPERTY PHOTOS Winona, MN
Prototype Photo
Prototype Photo
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or
age are approximate. Upland has not verified this information. Buyer must verify the information and bears all risk for any inaccuracies.
KEITH A. STURM, CCIM | AMANDA C. LEATHERS | 612.332.6600 PAGE 6
Verizon Wireless
SURROUNDING PROPERTIES Winona, MN
Winona Clinic
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or
age are approximate. Upland has not verified this information. Buyer must verify the information and bears all risk for any inaccuracies.
KEITH A. STURM, CCIM | AMANDA C. LEATHERS | 612.332.6600 PAGE 7
Verizon Wireless
AERIAL Winona, MN
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or
age are approximate. Upland has not verified this information. Buyer must verify the information and bears all risk for any inaccuracies.
KEITH A. STURM, CCIM | AMANDA C. LEATHERS | 612.332.6600 PAGE 8
Verizon Wireless
AREA INFORMATION Winona, MN
MISSISSIPPI RIVER This Verizon Wireless is located in a dense retail area off of Mankato Avenue,
where traffic counts average 21,200 vehicles per day. Retailers in the immediate
area include Target, Walmart, Menards, Walgreens, Mills Fleet Farm, Perkins,
Green Mill, McDonald’s, Dairy Queen, Starbucks, Papa Murphy’s Pizza, Subway,
Maurices, Kwik Trip, and much more. This site is located just a block east of
Winona Health. This 99-bed hospital with a 140-bed nursing home and an 80-
apartment assisted living community has about 1,200 employees. The subject
property is just over a mile southeast of Winona State University, which enrolls
8,600 students annually.
The historic island city of Winona is located in southeastern Minnesota, nestled
along the bluffs of the Mississippi River. Winona is situated about 130 miles
southeast of the Minneapolis-St. Paul metro area and 50 miles east of Rochester,
home the world famous Mayo Clinic. The city of about 28,000 is home to three institutions of higher education: Winona State University (8,600 students),
St. Mary's College (1,300 students), and Minnesota State College Southeast Technical (1,700 students). The city is a commercial, manufacturing, and
shipping center nestled within an agricultural and limestone-quarrying region. The headquarters of several businesses can be found in the city, including
Hal Leonard Corporation, Watkins Corporation, and Fastenal, which employs over 1,400 people. In addition to being a great place to live and work,
Winona is a popular tourist destination, with its combination of stunning natural beauty, urban amenities, and an old world charm. Winona has an
abundance of outdoor adventure opportunities, great shopping and dining, numerous festivals, and many museums to keep everyone busy, rain or shine.
DOWNTOWN WAGON BRIDGE WINONA STATE UNIVERSITY
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or
age are approximate. Upland has not verified this information. Buyer must verify the information and bears all risk for any inaccuracies.
KEITH A. STURM, CCIM | AMANDA C. LEATHERS | 612.332.6600 PAGE 9
Verizon Wireless
MAPS Winona, MN
930 Frontenac Drive, 930 Frontenac Drive,
Winona, MN Winona, MN
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or
age are approximate. Upland has not verified this information. Buyer must verify the information and bears all risk for any inaccuracies.
KEITH A. STURM, CCIM | AMANDA C. LEATHERS | 612.332.6600 PAGE 10Verizon Wireless
TOP MINNESOTA COMPANIES Winona, MN
2015 Fortune 500 Rankings
State Rank Company Fortune 500 Rank City Revenues ($ Billions) Net Worth ($ Billions) 2014 Rank
1 UnitedHealth Group 14 Minnetonka $130.0 $32.454 14
2 Target Corporation 36 Minneapolis $74.5 $13.997 36
3 CHS, Inc. 69 Inver Grove Heights $42.6 $6.448 62
4 Best Buy Co., Inc. 72 Richfield $41.9 $4.995 60
5 3M Company 98 St. Paul $31.8 $13.109 94
6 U.S. Bancorp 138 Minneapolis $21.3 $43.479 101
7 Supervalu, Inc. 164 Eden Prairie $18.3 -$0.646 140
8 General Mills, Inc. 171 Minneapolis $17.9 $4.996 159
9 Land O’Lakes, Inc. 203 Arden Hills $15.2 $1.418 199
10 Ecolab, Inc. 213 St. Paul $14.2 $7.315 213
11 C.H. Robinson Worldwide, Inc. 225 Eden Prairie $13.4 $1.047 220
12 Ameriprise Financial, Inc. 247 Minneapolis $12.2 $8.124 249
13 Xcel Energy, Inc. 255 Minneapolis $11.6 $10.214 257
14 Hormel Foods Corporation 310 Austin $9.3 $3.605 311
15 The Mosaic Company 320 Plymouth $9.0 $10.703 283
16 Thrivent Financial for Lutherans 333 Minneapolis $8.1 $5.798 335
17 St. Jude Medical, Inc. 466 St. Paul $5.5 $4.199 462
Source: Fortune 500 (2015) from FORTUNE Magazine. Retrieved from: http://fortune.com/fortune500/ [June 2015].
KEITH A. STURM, CCIM | AMANDA C. LEATHERS | 612.332.6600 PAGE 11Verizon Wireless
ABOUT UPLAND Winona, MN
THE UPLAND ADVANTAGE PROVEN SUCCESS RECORD
Completed in excess of 600 net leased sales transactions totaling
Upland Real Estate Group, Inc., which was founded in 1995, is a over $1.7 billion
Minneapolis based commercial real estate, brokerage, and investment Combined sales experience of over 55 years
company, which focuses on passive real investments, 1031 solutions, Specialized in NNN investment market for more than 19 years
real estate portfolio diversification, and wealth preservation. Upland
offers "big business service" with the attentiveness you expect from a Upland’s 1031 investment specialists have successfully completed net
boutique shop. lease sales transactions with tenants including, but not limited to:
7-Eleven Dollar General O’Reilly Auto Parts
Our ability to swiftly match buyers with sellers is one of the many Advance Auto Family Dollar Petco
Applebee’s Gander Mountain Sherwin Williams
reasons Upland Real Estate Group, Inc. is the nation's primary
Arby’s Goodwill Starbucks
resource for the purchase or sale of net leased, credit investment BJ’s Wholesale Jack in the Box Taco Bell
properties. Many investors and 1031 tax deferred exchange buyers Bridgestone/Firestone Jiffy Lube Tires Plus
have benefited from the experience and expertise of our team of net Buffalo Wild Wings KinderCare Learning Center Tractor Supply
leased investment sales specialists. Burger King Kohl’s Trader Joe’s
Camping World McDonald’s Valvoline
CVS Pharmacy National Tire & Battery Walgreens
BENEFITS OF WORKING WITH UPLAND
Nationally recognized CCIM accredited sales team
Comprehensive and searchable online database
Excellent reputations and credibility
Online Letter of Intent forms
Access to confidential off-market properties
Extensive referral network
Prompt follow-up and attention to detail
www.nnnsales.com L to R: Ebony Pruitt; Amanda Leathers; Keith Sturm, ccim; Deb Vannelli, ccim; Kelly Rasmussen
KEITH A. STURM, CCIM | AMANDA C. LEATHERS | 612.332.6600 PAGE 12You can also read
