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
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
Building Size
41,117 SF
Building Class
B
Year Built
2016
Price
$10,327,783
Price Per SF
$251.18
Cap Rate
6%
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
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
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 | - | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | WA1601-032 | Improvements Assessment | $1,480,445 |
| Land Assessment | $155,836 | Total Assessment | $1,636,281 |
