Looking to buy a Verizon NNN property? 28 are observed for sale across 16 states, median asking cap rate 6.50%. View Verizon NNN properties for sale, cap rate bands and the 1031 buyer guide.
| Metric | Details |
|---|---|
| Entity / Legal Name | Verizon Communications Inc. |
| Stock Ticker | NYSE: VZ |
| Credit Ratings | S&P: BBB+ / Moody’s: Baa1 / Fitch: A- |
| Investment Grade Status | Investment Grade |
| Sector | Retail / Telecom |
| Headquarters | New York, New York |
| US Location Count | Not reported in Verizon’s Form 10-K, which describes company-operated stores plus agents selling at retail locations |
| Annual Revenue | $138.2 billion (FY 2025, Form 10-K) |
| Median asking cap rate | See the live table below |
| Lease Term | Varies; 12 of 28 Verizon listings we track state a remaining term, averaging 6.5 years; confirm in the lease |
| Guarantee Type | Varies: a Verizon operating entity or an authorized retailer; confirm the tenant and any guarantor in the lease |
| Building Size | Median 3,000 SF across the 28 Verizon listings we track |
Verizon Business Overview & NNN Investment Profile
Verizon Communications reported total operating revenues of $138.2 billion for 2025 and about 147 million wireless retail connections as of December 31, 2025 (Form 10-K). It sells through company-operated stores and through agents and national retailers that sell its services at retail locations. Compare the ratings of Verizon Communications Inc. (BBB+/Baa1) with AT&T (BBB+) and T-Mobile (BBB+).
Verizon Communications Inc. carries investment grade credit ratings. Where a store lease is signed or guaranteed by the BBB+/Baa1 parent, the rent is backed by investment grade credit. As with AT&T, the corporate vs. authorized retailer guarantee distinction is a key underwriting factor.
Compare Verizon’s BBB+/Baa1 credit ratings with AT&T and T-Mobile in the table below.
Cap Rate Analysis & Pricing
Live asking cap rates for Verizon and comparable tenants:
| Tenant | S&P / Moody’s | Median asking cap rate | Middle half of listings | Listings | Median vs. 10-year Treasury |
|---|---|---|---|---|---|
| Verizon | BBB+ / Baa1 | 6.50% | 6.03% to 7.49% | 27 | +126 bps |
| Best Buy | BBB+ / A3 | 6.58% | 6.10% to 7.31% | 6 | +134 bps |
| AT&T | n/a / n/a | 7.00% | 6.43% to 7.16% | 11 | +176 bps |
| T-Mobile | BBB+ / n/a | 7.25% | 6.50% to 7.75% | 9 | +201 bps |
Active listings InvestmentGrade.com tracks with an asking cap rate (stated in the listing, or computed from its stated income and price when no rate is stated), listings last observed October 12, 2026. Asking cap rates are not closed-sale cap rates. The middle half is the range from the 25th to the 75th percentile of listings. The 10-year Treasury yield is 5.24% as of October 1, 2026 (FRED series DGS10). Ratings are the agency ratings in our ratings database for the entity shown, which may be a parent company; the rating type (for example issuer, senior unsecured debt, long-term debt or revenue bond ratings) varies by company and is shown on each tenant page. A rating applies to a lease only if the rated entity signs or guarantees it, so confirm the tenant and any guarantor in the lease. n/a means no verified rating is on file.
Yes. Verizon Communications Inc. carries S&P BBB+ and Moody’s Baa1 ratings, both investment grade.
What are Verizon NNN asking cap rates?
Current median asking cap rates for Verizon and comparable tenants are shown in the live table on this page. Pricing for a specific property depends on the remaining lease term, rent level, location and lease guarantor, and asking cap rates are not closed-sale cap rates.
Compare Verizon (BBB+/Baa1) with AT&T (BBB+) and T-Mobile (BBB+) in the live cap rate table on this page; the spread for a given property depends on lease term, rent, location and guarantor.
Verizon’s Form 10-K describes its direct channel, including company-operated stores, as a core component of its distribution strategy, alongside digital channels and agents that sell at retail locations. Check the remaining lease term and local market for each store.
Verizon Net Lease Property: Buying, Selling and Financing
Buying: We find on-market and off-market Verizon properties, review the lease and the tenant’s credit, and compare pricing with current listings. On the majority of transactions, there is no separate fee to you as the buyer; the listing broker pays a cooperating commission.
Selling: We can prepare an opinion of value from current listings and recent sales and, when it fits your goals, run a confidential sale to private investors, family offices and institutional buyers. See our guide to off-market sales.
Financing: Investment Grade Capital, a service of Investment Grade LLC, matches buyers and owners with lenders for acquisitions and refinancing.
1031 exchanges: Tell us your identification and closing deadlines so we can plan the search around them.
Request an NNN investment consultation or email team@investmentgrade.com.
Related NNN Tenants
1031 Buyer Screen: Verizon NNN
Verizon NNN can be a credit-forward 1031 candidate, but buyers still need to separate corporate-backed stores, dealer exposure, lease term, and local wireless retail demand. Use the 2026 NNN cap-rate framework to benchmark pricing, then compare the property against the investment-grade 1031 tenant-selection checklist.
Fast diligence question: is the cap rate compensating you for store closure risk and the exact guarantor?
Verizon NNN Properties Observed For Sale
28 active Verizon net lease listings observed across public listing sources, most recently Oct 9, 2026. Asking figures as published by the listing party.
| Location | Asking Price | Cap Rate | Building SF | Term Left | |
|---|---|---|---|---|---|
| Moses Lake, WA | $3,124,508 | 6.50% | 3,000 | 9.9 yrs | View listing |
| Lawrence, KS | $1,690,000 | 7.50% | 2,400 | n/a | View listing |
| Norman, OK | $875,000 | n/a | 2,528 | n/a | View listing |
| Slidell, LA | $1,575,000 | 7.14% | 2,500 | n/a | View listing |
| Anniston, AL | $1,500,000 | 8.08% | 3,022 | 2.8 yrs | View listing |
| Florence, AL | $1,149,000 | 8.15% | 2,926 | 5.0 yrs | View listing |
| St. Cloud, MN | $3,849,999 | 6.31% | 6,000 | 9.7 yrs | View listing |
| Columbia, SC | $1,080,000 | 6.25% | 4,500 | n/a | View listing |
Search all 28 observed Verizon listings and the full NNN inventory
Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Buyer representation available on a cooperating commission basis. Information deemed reliable but not guaranteed.
