2472-2478 New Salem Hwy
Murfreesboro, TN 37128
Walmart Neighborhood Market · Retail Property For Sale

Walmart Market- True NNN- RARE Parent Guarantee RARE PARENT GUARANTEE! We are pleased to offer a single tenant retail asset- true NNN lease 100% leased to Walmart Neighborhood Market and backed by a full corporate guarantee from Walmart Stores Inc (Parent Company). The new 15 year primary term expires in January 2031 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 41,117 square feet on approximately 7.62 acres of land.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 WNM' s by early 2016. Walmart is the world' s biggest retailer and also the largest employer with over 2.2 million employees, with over $469B in total revenues and over 11,500 stores across 28 countries. GAS STATION & DRIVE THRU PHARMACY! Strategically located along route New Salem Highway at the signalized intersection of Carson Lane, the site offers convenient ingress / egress, excellent street visibility and ample parking. At this intersection, Walmart is joined by CVS, Burger King, Exxon and Anytime Fitness, among others.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 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.