Walmart Neighborhood Market & Neighborhood Gas
S&P (AA) Rated | Walmart Neighborhood Market & Gas - Long Term Ground-Lease
Marketing description
CBRE is pleased to present the exclusive listing for the Walmart Neighborhood Market & Gas located at 820 Balmy Beach Drive & 806 Balmy Beach Drive, in Apopka, FL. The site consists of 44,390 total square feet of building space and sits on 6.30 acres of land. The current base rent is $425,000. The lease will call for 5% rental escalations throughout the sixteen (16) five-year renewal options. There are presently 12+ years of term remaining on the initial lease.
The subject property benefits from being in a strong retail corridor surrounded by national and local tenants, shopping centers and hospitality accommodations. Located on a hard-corner lighted intersection, the subject property is surrounded with the following major tenants in the immediate area; Publix, Hobby Lobby, Burger King, Dollar Tree, Bealls, Ross, Marshalls, as well as many more.
Investment highlights
WAL-MART. (S&P: AA Investment Grade Credit Rating)
Long-Term Absolute NNN Ground-Lease Situated on a Hard-Corner Lighted Intersection amidst the dense retail corridor of Apopka. (Orlando MSA)
Strategically positioned asset with immediate access to multiple residential developments and heavy density demographic corridors.
Dense Traffic Counts in the immediate area as a result of the main State Road 436 throughfare.
Grocery and Gas-Combination provides for immediate self-driven market driver for consumers in the immediate market.
#1 Retailer in the WORLD with 2.2M +/- registered employees.
Low rent per square foot at only $9.58 (combined)
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