Walmart Market - Supermarket FOR SALE


Waycross, GA 31501
$10,327,783 USD
949-903-3399
Walmart Market, Waycross, GA for Sale
$10,327,783 USD
Supermarket - FOR SALE
1/12
null | 6% Cap Rate

Walmart Market
Waycross, GA 31501


HIGHLIGHTS

  • Walmart Neighborhood Market – Corporate Guaranteed – Wal-Mart Stores, Inc.
  • 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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$10,327,783 USD

PRICE/SF

$248 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best in Class Retailer- includes Gas/Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Convenience Store, Fast Food, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

167

LAND DETAILS

LAND ACRES

5.31 AC

LAND SF

231,304 SF

ZONING

002

APN/PARCEL ID

WA1601-032

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.