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Walmart
Morristown, TN 37814
True NNN- Drivethru & Gas- Parent Guarantee · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Supermarket
Building Size
42,076 SF
Building Class
C
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
6.13 AC
Zoning
IB

ABOUT WALMART , MORRISTOWN, TN 37814

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 February 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 41,117 square feet on approximately 6.06 acres of land. Strategically located along Hwy 343 at the intersection of N. Liberty Hill Dr., just outside Knoxville in this 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.

PROPERTY TAXES

  • Listing ID: 8776804

  • Date on Market: 8/21/2017

  • Last Updated:

  • Address: Walmart, Morristown, TN 37814