Walmart Neighborhood Market | Waxhaw, NC
4.15% CAP | CORP GROUND LEASE
Investment highlights
HIGH-CREDIT, ZEROMANAGEMENT GROUND LEASE
Absolute NNN ground lease with no landlord responsibilities and all improvements owned by Walmart, minimizing capex exposure and operational risk
INVESTMENT GRADE WALMART GUARANTY (S&P: AA)
Corporate lease backed by one of the strongest credits in retail, with unmatched scale, recession resilience, and essential-use tenancy
STRONG INFILL POSITIONING WITH BARRIERS TO ENTRY
Established retail corridor with limited new supply, strong surrounding residential density, and traffic counts exceeding 45,000 VPD at the intersection
AFFLUENT, HIGH-GROWTH CHARLOTTE SUBMARKET
Located in Waxhaw, one of the fastest-growing and highest-income areas in the Charlotte MSA, with $175K+ average household incomes supporting sustained grocery demand
CORE GROCERYANCHORED RETAIL LOCATION
Purpose-built Walmart Neighborhood Market serving daily needs (grocery, pharmacy), positioned within a dominant retail node alongside Lowe’s and national tenants
LONG-TERM LEASE WITH EMBEDDED GROWTH
9 years remaining on the initial term plus 12 × 5-year options (60 years) with 5% rent increases each option period, creating a predictable long-term cash flow profile
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