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

PROPERTY FACTS
- Supermarket
- General Retail Drugstore
- General Retail Service Station
- General Retail Supermarket
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
Parcel Number | 025I-I-001.00 | Improvements Assessment | $1,350,200 |
Land Assessment | $707,840 | Total Assessment | $2,058,040 |
Listing ID: 8776804
Date on Market: 8/21/2017
Last Updated:
Address: Walmart, Morristown, TN 37814
The Retail Property at Walmart, Morristown, TN 37814 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.