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Walmart 185 N Charles R Beall Blvd 41,117 SF Retail Building Debary, FL 32713 $7,777,778 ($189.16/SF) 4.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Ground Lease with over 11 years of remaining of initial term
- Fourteen (14), five-year tenant renewal options w/ 5% increases at each option
- Tenant has an Investment Grade Credit Rating "AA" - S&P/Fitch (NYSE:WMT)
- The Orlando MSA is one of the fastest-growing large metro region in the U.S.
EXECUTIVE SUMMARY
Collison Capital is pleased to present a Walmart Neighborhood Market located at 185 N Charles Richard Beall Blvd in Debary, FL. Built in 2016 and situated on 4.77 acres of land, the Walmart Neighborhood Market is comprised of 41,117 square feet of retail space which includes a drive-thru pharmacy.
The Walmart Neighborhood Market property provides an investor with the opportunity to acquire a well-located asset within the larger Orlando MSA that is leased to an investment grade tenant on its initial term. This Walmart Neighborhood Market is subject to a 20-year absolute triple net (NNN) ground lease with 11 years remaining and 14 5-year options each with 5% rent increases.
The Walmart Neighborhood Market property provides an investor with the opportunity to acquire a well-located asset within the larger Orlando MSA that is leased to an investment grade tenant on its initial term. This Walmart Neighborhood Market is subject to a 20-year absolute triple net (NNN) ground lease with 11 years remaining and 14 5-year options each with 5% rent increases.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
41,117 SF
Building Class
B
Year Built
2016
Price
$7,777,778
Price Per SF
$189.16
Cap Rate
4.50%
NOI
$350,000
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.20
Lot Size
4.77 AC
Zoning
C - Commercial
Parking
286 Spaces (7.75 Spaces per 1,000 SF Leased)
Frontage
344’ on Charles R Beall Blvd
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Walmart Neighborhood Market
- -
- -
- -
- Triple Net
- Dec 2036
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Walmart Neighborhood Market | - | - | - | Triple Net | Dec 2036 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 8027-15-00-0030 | Improvements Assessment | $3,392,659 |
| Land Assessment | $1,870,731 | Total Assessment | $5,263,390 |
PROPERTY TAXES
Parcel Number
8027-15-00-0030
Land Assessment
$1,870,731
Improvements Assessment
$3,392,659
Total Assessment
$5,263,390
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Walmart | 185 N Charles R Beall Blvd
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