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6717616
23813798

812 Belleau Wood Blvd, Alexandria, LA 71303

EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
JS
CA 01360233
Colliers - Los Angeles - Orange County, California
Colliers - Houston, Texas
Colliers - Atlanta, Georgia
Listed by Colliers - Los Angeles - Orange County, California, Colliers - Houston, Texas, Colliers - Atlanta, Georgia
$9,503,350
1525 days on market
Updated 20 days ago

Walmart Neighborhood Market

Details
APN 1011459050
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 41,117
Cap Rate 6%
NOI $570,201
Occupancy 100%
Tenancy Single
Brand/Tenant Walmart
Lease Type NNN
Lease Term 20
Lease Expiration 01/06/2035
Remaining Term 11
Rent Bumps Yes
Lease Options 10% Increase in Option 1 & 2 5% Increase in Option 3 & 4
Acreage 5.470
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/06/2015
Ownership Fee Simple

Retail | 6.00% CAP | 41,117 SF

Marketing description

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

  • 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
  • Walmart Neighborhood Market – Corporate Guaranteed – Wal-Mart Stores, Inc.
  • 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 - Houston, Texas
Colliers - Atlanta, Georgia
Listed by Colliers - Los Angeles - Orange County, California, Colliers - Houston, Texas, Colliers - Atlanta, Georgia

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$570,201.00
$47,516.75/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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