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Sam's Club - Leasehold Investment 2901 Clairmont Rd

128,776 SF Retail Building Atlanta, GA 30329 £10,178,100 (£79/SF) 9.46% Net Initial Yield

Investment Highlights

  • Absolute NNN Lease – Leasehold Interest - 100% Depreciable Asset
  • Investment Grade Credit Rating – S&P AA (Moody’s: Aa2)
  • Minimal Landlord Responsibilities – Landlord Only Responsible for Ground Lease Rent
  • Corporate Guarantee from WAL-MART STORES, Inc. (NYSE: WMT) o $649 Billion Market Cap
  • Over 25 Years of Successful Occupancy – Six 5-Year Option Periods extending into 2055
  • Sam’s Club Fuel Station, New Sushi Bar Renovation in 2024, and Auto-Center on Large 23.76 Acre Parcel

Executive Summary

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors a rare opportunity to acquire a Sam’s Club (Leasehold Interest) – 100% depreciable asset, located in Atlanta, GA. The lease is guaranteed by Walmart Stores, Inc. (NYSE: WMT) and has an investment grade rating (S&P: AA). Over 10,500 stores and clubs in 19 countries, employs over 2.1 million associates worldwide, over $648 billion in annual revenue and has been number one on the fortune 500 list for the past 11 consecutive years. Sam’s Club has operated successfully at this location for over 25 years and has six 5-year option periods extending into 2055 which are automatically exercised unless tenant gives notice. Ideal for a passive investor, the landlord has no maintenance duties and is only responsible for the ground lease rent ($19,633/Year) which has options extending into 2055.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
128,776 SF
Building Class
B
Year Built
1999
Price
£10,178,100
Price Per SF
£79
Net Initial Yield
9.46%
NOI
£962,347
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Land Acres
22.10 AC
Zoning
MU-BC - Mixed Use - Business Center
Parking
510 Spaces (3.96 Spaces per 1,000 SF Leased)

Amenities

  • Freeway Visibility
  • Signalised Intersection

Nearby Major Retailers

First Horizon Bank
Liberty Bank
IGA
IHOP
Waffle House
Chase Bank
Kroger
Truist
D1 Sports Training
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-196-02-016
Land Assessment
£915,240
Improvements Assessment
£3,660,960
Total Assessment
£4,576,200
  • Listing ID: 33367912

  • Date on Market: 01/10/2024

  • Last Updated:

  • Address: 2901 Clairmont Rd, Atlanta, GA 30329

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