Your email has been sent.
Walmart Neighborhood Market 680 Old Greenville Hwy 41,117 SF 4-Star Retail Building Clemson, SC 29631 $15,283,158 ($371.70/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment Grade Credit Rating "AA" by S&P/Fitch
- Less than three miles away from the main gate of Clemson University, which boosts a student population of 29,000.
- Lease has a corporate guarantee | NYSE: WMT
- Walmart fuel and convenience store
- The Clemson football stadium is also approx. three miles away and draws over 81,500 fans to games.
- Lease includes contractual rent increases during option periods
EXECUTIVE SUMMARY
The subject property provides an investor the opportunity to acquire an asset that is leased to an investment grade tenant and has attractive lease terms. This Walmart Neighborhood Market is subject to a 20-year modified triple net (NNN) lease with 9 years remaining. The current annual rent is $725,950 during the base term and includes 10% rental increases in the first and second option periods and 5% rental increases in the third and fourth option periods. The lease features minimal landlord responsibilities, with the landlord only responsible for the roof and structure. (Roof includes a 15-year warranty)
PROPERTY FACTS
AMENITIES
- Wheelchair Accessible
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- -
- Double Net
- Jan 2035
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.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | - | Double Net | Jan 2035 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4054-12-86-5698 | Improvements Assessment | $697,840 |
| Land Assessment | $75,140 | Total Assessment | $772,980 |
PROPERTY TAXES
Presented by
Walmart Neighborhood Market | 680 Old Greenville Hwy
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.