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98 W Walnut Ave
Dalton, GA 30720
Walmart Market- True NNN- Parent Guarantee · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Supermarket
Building Size
43,358 SF
Building Class
C
Year Built
2015
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
4.73 AC
Parking
100 Spaces (2.31 Spaces per 1,000 SF Leased)
Frontage
328’ on W Walnut

ABOUT 98 W WALNUT AVE , DALTON, GA 30720

RARE PARENT GUARANTEE! We are pleased to offer to qualified investors an opportunity to purchase 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 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 43,157 square feet on approximately 4.10 acres of land. Strategically located along Hwy 52 at the intersection of Thorton Ave. in the growing community. 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. GAS STATION & DRIVE THRU PHARMACY! 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 $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 15 year NNN lease, thereby providing a dependable income stream backed by one of the strongest corporate credit companies in the world.

PROPERTY TAXES

  • Listing ID: 6255483

  • Date on Market: 3/13/2017

  • Last Updated:

  • Address: 98 W Walnut Ave, Dalton, GA 30720