Walmart Neighborhood Market
Retail | 6.00% CAP | 41,117 SqFt
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.
Investment highlights
- 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!
- Proven Long-Term NNN Leases by Walmart Stores, Inc. (NYSE: WMT)
- World’s Largest Company by Revenues - #1 Fortune 500 List for 2024
- Market Cap over $685B+
- 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
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