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23814550
23814570

2 Locations

EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
JS
CA 01360233
Colliers - Los Angeles - Orange County, California
Colliers - Atlanta, Georgia
Colliers - Houston, Texas
Listed by Colliers - Los Angeles - Orange County, California, Colliers - Atlanta, Georgia, Colliers - Houston, Texas
Unpriced
366 days on market
Updated 21 days ago
Opportunity zone

Walmart Neighborhood Market Portfolio

Details
APN WA16-01-032, 1011459050
Property Type Retail
Sub Type Grocery Store, Storefront (+1)
Square Footage 41,117
Cap Rate 6.00%
Occupancy 100%
Tenancy Multi
Brand/Tenant Walmart
Lease Type NNN
Rent Bumps Yes
Acreage 5.28 - 5.47
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple

Retail | 6.00% CAP | 41,117 SF

Marketing description

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.

We are pleased to offer to qualified investors an opportunity to purchase a single tenant net lease retail asset 100% occupied by Walmart Neighborhood Market and backed by a full corporate guaranty from Walmart Stores Inc. (Parent Company). This offering provides over 11 lease years remaining on a 20-year primary term that includes 4 – 5 year option periods. This is a fee simple (land and building) asset that comprises a 41,117 square feet building on approximately 5.47 acres of land. Strategically located at the intersection of Jackson St and Belleau Wood Blvd, the subject property sits next to Alexandria Senior High School and near major national retailers such as Kroger, Chick-fil-A, Harbor Freight, Walgreens, Chase Bank, CVS and more. This is an excellent opportunity to acquire the nation’s #1 grocer backed by a full corporate guaranty with over 11 lease years remaining and 4 – 5 year options.

Investment highlights

  • Over 6 Lease Years Remaining with 17 - 5 Year Option Periods
  • NNN Lease – Zero Landlord Obligations - Coupon Clipper Asset
  • Walmart Stores Inc - Parent Company Guarantee - Investment Grade
  • Rated “AA” by Standard & Poor; Rated Aa2 by Moody’s - Highly Stable
  • 3% Rental Increases During Primary Term - Inflation Hedge
  • 5% Rental Increases During Option Periods
  • Approximately 5.28 Acres of Land - Excellent Street Visibility and Access
  • Waycross, GA Location - Just Southwest of Savannah and North of Jacksonville
  • Located on Route 84 - A Regional Corridor Connecting to S. Georgia PKWY
  • Nearby Retailers Include Harvey’s Supermarket, Wendy’s, Heritage Bank and YMC
  • Fee Simple (Land and Building) Ownership - Pride of Ownership
  • Approximately 31,489 Residents Within a 5-Mile Radius
  • Average Household Income of $62,132 Within a 5-Mile Radius Walmart Neighborhood Market – Corporate Guaranteed – Wal-Mart Stores, Inc.
  • Rated “AA” by Standard & Poor; Rated Aa2 by Moody’s - Highly Stable
    • Walmart - #1 Grocer in the United States & #1 Retailer in the United States
    • Over 11 Lease Years Remaining with 4 - 5 Year Option Periods
    • Net Lease – Minimal Landlord Obligations
    • Walmart Stores Inc - Parent Company Guarantee - Investment Grade
    • Recently Constructed Building (2015) – Approx.. 5.47 Acres of Land
    • Alexandria, LA – Next to Alexandria Senior High School (1,483 Students)
    • Close Proximity to Kroger, Chick-fil-A, Harbor Freight, Walgreens, Chase Bank, CVS and More
    • Over 53,726 Residents within a 5-Mile Radius
    • Average Household Income of $118,875 within a 1-Mile Radius
    • Proven Long-Term NNN Leases by Walmart Stores, Inc. (NYSE: WMT)
      • RARE Parent Guarantee
      • Modern Prototype Layout (Gas & Drive-Thru Pharmacy)
      • Huge Traffic Generator/Dominates Market
      • High-Profile Infill Sites - Affluent Suburban Communities
      • Main Retail Corridor - Dense Residential
      • Rent Bumps Every 5 Yrs in Primary Term/Options - Low Rent PSF
      • Strong Real Estate Fundamentals
      • Best-in-Class Brand - Top Retailer in the World with International Name Recognition
      • Modern Prototype
      • Tremendous Growth for Market Platform - High Sales Track Record
      • Smaller Footprint - Grocery Leader!
      • World’s Largest Company by Revenues - #1 Fortune 500 List for 2024
      • Market Cap over $685B+

      Listing Contacts

      EC
      CA 01809955, NV S0172067 (+4)
      Colliers - Los Angeles - Orange County, California
      JS
      CA 01360233
      Colliers - Los Angeles - Orange County, California
      Colliers - Atlanta, Georgia
      Colliers - Houston, Texas
      Listed by Colliers - Los Angeles - Orange County, California, Colliers - Atlanta, Georgia, Colliers - Houston, Texas

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