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Best in Class Retailer- includes Gas/Pharmacy Walmart Market 41,117 SF Retail Building Waycross, GA 31501 $10,327,783 ($251.18/SF) 6% Cap Rate

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INVESTMENT HIGHLIGHTS

Walmart Neighborhood Market – Corporate Guaranteed – Wal-Mart Stores, Inc.
NNN Lease – Zero Landlord Obligations - Coupon Clipper Asset
Rated “AA” by Standard & Poor; Rated Aa2 by Moody’s - Highly Stable

Over 6 Lease Years Remaining with 17 - 5 Year Option Periods
Walmart Stores Inc - Parent Company Guarantee - Investment Grade

EXECUTIVE SUMMARY

We are pleased to offer to qualified investors an opportunity to purchase one 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). This offering provides over 6 lease years remaining on a 15 year primary term that 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 comprises of 41,117 square feet building on approximately 5.28 acres of land. Strategically located along Plant Ave (Route 84) – one of the areas primary trade corridors – the subject property benefits from convenient ingress/egress, excellent street visibility and ample parking. This is an excellent opportunity to acquire the nation’s #1 grocer backed by a corporate guarantee (Wal-Mart Stores, Inc.) with zero landlord management responsibilities and over 6 lease years remaining on the base term.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Supermarket

Building Size

41,117 SF

Building Class

Year Built

2016

Price

$10,327,783

Price Per SF

$251.18

Cap Rate

NOI

$619,667

Tenancy

Single

Building Height

1 Story

Building FAR

0.18

Lot Size

5.31 AC

Opportunity Zone

Yes

Zoning

002 - General Commercial

Parking

167 Spaces (4.06 Spaces per 1,000 SF Leased)

Frontage

562’ on Plant Avenue

Retailer
-
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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.