1185 Dolly Parton Pky
Sevierville, TN 37862
Walmart Neighborhood Market · Retail Property For Sale

NEW PRICE- Walmart-True NNN- Rare Parent Guarantee RARE PARENT GUARANTEE (NYSE: WMT)! We are pleased to offer an opportunity to purchase one a single tenant retail asset on a NNN lease that is 100% leased to Walmart Neighborhood Market and backed by a full corporate guarantee from Walmart Stores Inc (Parent Company). The brand new 15 year primary term expires in September 2030 and includes 17-5 year option periods. During the primary term, there are 3% rental escalations every 5 years, followed by 5% rental escalations every 5 years during the option periods. This is a fee simple (land and building) asset that includes the newest Walmart Neighborhood Market building prototype; the building is comprised of 41,921 square feet on approximately 5.62 acres of land. Strategically located along route 441 (Dolly Parton Parkway, one of the main corridors in the region and which connects directly to Route 66) and also situated adjacent to the Pigeon Forge Airport, the site offers convenient ingress / egress, excellent street visibility and ample parking. WITH FUEL CENTER and DRIVE THRU PHARMACY! Walmart Neighborhood Market is Walmart's smaller grocery concept with was launched in 1998 and provides customers a more convenient shopping experience than a typical Walmart Supercenter. Walmart aims to have approximately 500 operating WMT's by early 2016. Walmart is the world's biggest retailer and also the largest employer with over 2.2 million employees, with over $469 Billion in total revenues and over 11,000 stores across 27 countries. Walmart was ranked #1 in Fortune 500 and is known as the king of retailing. This is an excellent opportunity to buy an extremely low risk, stable retail asset that requires zero landlord management, includes fixed rental escalations (many Walmart stores have zero rental increases), and a brand new 15 year NNN lease, thereby providing a dependable income stream backed by one of the strongest corporate credit companies in the world and bolstered by one of the most tax advantageous states in America.