Listed by Colliers - San Diego - Carlsbad, California
$6,555,000
Brand New 20-Year Walmart Ground Lease
Details
Property Type Retail
Sub Type Gas Station, Grocery Store
Square Footage 48,852
Cap Rate 4.5%
NOI $295,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walmart
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 06/23/2046
Remaining Term 19.9
Rent Bumps Yes
Lease Options Sixteen, 5-Year
Class A
Year Built 2026
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 06/24/2026
Ground Lease Yes
Drive-Thru Pharmacy & Liquor Store | Adjacent to The Villages
Marketing description
PROXIMITY
- 111,179 Residents in Primary Trade Area - 124,734 total daytime population
- Affluent Customer Base with $112,187 Average Household Income within 1-Mile Radius - $103,821 average household income within 5-mile radius
- Strategically Positioned at Entrance to Brand New Residential Communities - Hammock Oaks (1,142 residential units) and The Reserve (1,032 residential units)
- Adjacent to The Villages, a 55-Plus Master-Planned Community with 145,000 Residents and 18,000 Employees - Recognized as the fastest growing metro in the U.S. and World’s largest retirement community
- Hard Corner Location Along County Road 466 with 24,000 VPD - Excellent access and visibility to rapidly growing commercial and residential corridor
Investment highlights
SECURE STREAM OF INCOME
- New 20-Year Ground Lease - Zero landlord responsibilities with 5% rent increases in renewal options
- Brand New 2026 Construction with Liquor Store and Drive-Thru Pharmacy - Large 12.45 acre parcel includes the Walmart gas and convenience store
- Extremely Low Ground Rent with Tenant Paying for All Improvements - Minimizing capex exposure and operational risk
- Walmart Generated $681 Billion in Revenue in 2025 - Second largest company by revenue in the world with 2.1 million employees
- Walmart (NASDAQ: WMT) Rated ‘AA’ by Standard & Poor’s - Investment grade credit rated tenant with $912 billion market cap
- Walmart Has Invested Over $1.5 Billion in Florida Stores in Last Five Years - Plans to remodel 58 existing locations in Florida in 2026
Listing Contacts
Listed by Colliers - San Diego - Carlsbad, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$295,000.00
$24,583.33/mo
Valuation Metrics
0
DSCR
4.5%
Cap Rate
4.5%
ROI
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