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Walmart 3697 Windsor Spring Rd 41,975 SF 100% Leased Retail Building Hephzibah, GA 30815 $7,403,804 ($176.39/SF) 4.60% Cap Rate

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INVESTMENT HIGHLIGHTS

Investment Grade Credit Rating "AA" - S&P/Fitch
Ground leased retail asset
100% occupied shopping center with national brands such as Taco Bell, Sonic, Dollar Tree and Subway

Sixteen (16), Five-Year Tenant Renewal Options w/ increases
Walmart fuel and convenience store along prime Windsor Spring Road frontage
Walmart has upgraded this store recently to one its "Store of the Future" concepts

EXECUTIVE SUMMARY

Collison Capital is pleased to present a ground leased Walmart Neighborhood Market located at 3697 Windsor Spring Road in Hephzibah (Augusta), Georgia. Built in 2016 and situated on 7.66 acres of land, the Walmart Neighborhood Market is comprised of 48,175 square feet of retail space which includes a drive-thru pharmacy and a convenience store with fuel pumps. This Walmart Neighborhood Market is subject to a 20-year ground lease with 10 years remaining and 16, 5-year options.
Walmart selected this store to be upgraded to be a "Store of the Future". Walmart's "Store of the Future" is a new concept focused on modernizing the shopping experience through technology, updated layouts, and enhanced services. Twenty stores were selected in Georgia, part of a $1.1B National initiative.

Augusta Walmart Neighborhood Market - Offering Memorandum

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Supermarket

Building Size

41,975 SF

Building Class

Year Built

2016

Price

$7,403,804

Price Per SF

$176.39

Cap Rate

4.60%

NOI

$340,575

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.13

Lot Size

7.66 AC

Zoning

B-2 - BUSINESS, GENERAL

Parking

200 Spaces (4.76 Spaces per 1,000 SF Leased)

Frontage

1,075’ on Tobacco Rd

Pylon Sign

Signage

Drive Thru

MAJOR TENANTS

Retailer
-
-
Triple Net
Jan 2036

Neighborhood Markets offer a convenient shopping experience for customers who need groceries, pharmaceuticals and general merchandise. Generally, they are located in markets with Wal-Mart Supercenters, supplementing a strong food distribution network and providing added convenience while maintaining Wal-Mart’s Every Day Low Prices. First opened in 1998 Neighborhood Markets, averaging 42,000 square feet, feature a wide variety of products, including fresh produce, deli foods, fresh meat and dairy items, health and beauty aids, one-hour photo and traditional photo developing services, drive-through pharmacies, stationery and paper goods, pet supplies, and household chemicals.