Best in Class Retailer- includes Gas/Pharmacy Walmart Market

Walmart Market , Waycross, Georgia, 31501 | 41,117 sq.f | $ 10,776,817

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About This Restaurant

Investment Highlights

Walmart Neighborhood Market ? Corporate Guaranteed ? Wal-Mart Stores, Inc. NNN Lease ? Zero Landlord Obligations - Coupon Clipper Asset Rated ?AA? by Standard & Poor; Rated Aa2 by Moody?s - Highly Stable Over 9 Lease Years Remaining with 17 - 5 Year Option Periods Walmart Stores Inc - Parent Company Guarantee - Investment Grade

Executive Summary

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 9 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 9 lease years remaining on the base term.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Freestanding Freestanding General Retail Convenience Store General Retail Fast Food General Retail Supermarket Freestanding
  • Building Size    41,117
  • LoopNet Rating    4 Star
  • Year Built    2015
  • Price    10,776,817
  • Price Per SF    262
  • Cap Rate    5.75
  • NOI    619,667
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.18
  • Land Acres    5.28 AC
  • Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Nearby Amenities & Transportation

Retail The YMCA
Retail Food Lion
Retail United Community Bank
Retail Heritage Bank
Retail Huddle House
Retail Rent-A-Center
Retail Starbucks
Retail Kroger
Retail Ameris Bank
Retail Ellianos Coffee

Property Taxes

Parcel Number WA1601-032 Improvements Assessment $277,565
Land Assessment $887,238 Total Assessment $1,164,803
Date Created: 2024-07-16 04:13:36 Last Updated: 2024-07-16 04:13:36
Address: Walmart Market , Waycross, Georgia, 31501