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Walmart Neighborhood Market - Alabaster, AL 9085 Al-119 Hwy

41,920 SF Retail Building Alabaster, AL 35007 £6,901,209 (£165/SF) 6.30% Net Initial Yield

Investment Highlights

  • Lease Guaranteed By Walmart, Inc - Rare S&P AA Rated Credit
  • Top 5% Most Trafficked Grocers in the Birmingham AL MSA Per Placer, AI Data - 90,000 Shoppers Per Month
  • Signalized Intersection at Main Store Entrance With Recently Improved Turn Lanes For Easier Access
  • NNN Lease Structure - No Landlord Responsibilities
  • Recent Store Refresh Demonstrates Continued Investment in This Location By Walmart
  • Gas Pad With 12 Pumps Supported By Customer Rewards Program to Drive Additional Retail Sales

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale the 41,920 SF Walmart Neighborhood Market Located at 9085 Highway 119 in Alabaster, AL. This Deal Includes a Lease Guaranteed By Walmart, Inc - Rare S&P AA Rated Credit and NNN Lease Structure With No Landlord Responsibilities, Providing For a Secure Investment.

BoR: Andrew Ackerman - Lic. AL #1089690

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
41,920 SF
Building Class
B
Year Built/Renovated
2015/2023
Price
£6,901,209
Price Per SF
£165
Net Initial Yield
6.30%
NOI
£434,764
Tenancy
Single
Number of Floors
1
Loading Docks
2 Exterior
Building FAR
0.12
Land Acres
8.03 AC
Parking
180 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
667 ft on Al-119 Hwy

Amenities

  • Pylon Sign
  • Signalised Intersection
  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Walmart, Inc.
  • Retailer
  • 41,920 SF
  • £10.37
  • NNN
  • Sep 2030
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Walmart, Inc. Retailer 41,920 SF £10.37 NNN Sep 2030

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
23-6-14-2-002-017-000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£875,655
  • Listing ID: 34105290

  • Date on Market: 06/12/2024

  • Last Updated:

  • Address: 9085 Al-119 Hwy, Alabaster, AL 35007

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