Verizon Wireless

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers wireless voice and data services; Internet access on various smart and basic phones, notebook computers, and tablets; and multimedia access, business-focused, location-based, global data, home phone handsets, and high-speed Internet services, as well as network access and value added services to support wireless connections for the Internet of Things (IoT). This segment also provides IoT services that support devices used in fleet management and telematics, energy, agricultural technology, and smart community markets; and wireless devices, such as smartphones and basic phones, tablets, and other Internet access devices.

As of December 31, 2016, it had 114.2 million retail connections. The company’s Wireline segment offers high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as Voice over Internet protocol services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services that include collocation and managed hosting services; cloud services, which comprise computing, storage, backup, recovery, and application platforms; and business communications services.

This segment also provides data security, voice and data, cloud and IT, business communications, IoT, and mobility services; and data, voice, local dial tone, and broadband services primarily to local, long distance, wireless, and other carriers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is headquartered in New York City, New York.

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S&P Rating: BBB+

S&P Outlook: Stable

Moody Rating: Baa1

Moody Outlook: Stable

Typical Lease Characteristics

Lease Term: 10 – 15 Years  Years

Lease Type: Absolute NNN Lease 

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate


  • Public Company, Credit Rated
  • Nationwide presence with high brand recognition
  • High Barrier to entry within its industry


  • Typically low cap rates
  • Typically high cost per square foot

Market Snapshots:

On Market Ranges:

# of Properties in set: 5

Price: $2,353,220 - $3,005,310Average: $2,835,200

PPSF: $610 - $750Average: $698

Year Built: 2002 - 2018Average: 2012

CAP Rate Range: 5.44% - 7.53%Average: 6.55%

Size range: 2,464 sq ft - 5,234 sq ft Average: 3,940 sq ft

Last 12 Month Range:

# of Properties in set: 21

Price: $2,968,200 - $3,685,780Average: $3,261,754

PPSF: $468 - $573Average: $521

Year Built: 1970 - 2017Average: 2007

CAP Rate Range: 6.17% - 7.54%Average: 6.50%

Size range: 2,012 sq ft - 225,000 sq ft Average: 14,947 sq ft

Verizon Wireless Similar Tenants

Verizon Wireless Company Profile

Headquarters Information

New York City, New York

Founded in 1983

Company type: Public

Stock Ticker: VZ

Sector: Technology

Industry: Telecom Services - Domestic

# of Employees: 163,400

S&P Rating: BBB+

S&P Outlook: Stable

S&P Rating: Baa1

Moody Outlook: Stable

Verizon Wireless Stock Keys

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