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Best in Class Retailer- includes Gas/Pharmacy Walmart Market

41,714 SF Retail Building Waycross, GA 31501 £8,148,621 (£195/SF) 6% Net Initial Yield

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 6 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 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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
41,714 SF
Building Class
B
Year Built
2016
Price
£8,148,621
Price Per SF
£195
Net Initial Yield
6%
NOI
£488,917
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Land Acres
5.31 AC
Opportunity Zone
Yes
Zoning
002 - General Commercial
Parking
167 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
562 ft on Plant Avenue

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Neighborhood Markets offer a convenient shopping experience for customers who need groceries, pharmaceuticals and general merchandise. Generally, they are located in markets with Wal-Mart Supercenters, supplementing a strong food distribution network and providing added convenience while maintaining Wal-Mart’s Every Day Low Prices. First opened in 1998 Neighborhood Markets, averaging 42,000 square feet, feature a wide variety of products, including fresh produce, deli foods, fresh meat and dairy items, health and beauty aids, one-hour photo and traditional photo developing services, drive-through pharmacies, stationery and paper goods, pet supplies, and household chemicals.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer - $9.99 Lorem Ipsum Jan 0000

Nearby Major Retailers

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WA1601-032
Land Assessment
£219,279
Improvements Assessment
£700,927
Total Assessment
£920,206
  • Listing ID: 26612427

  • Date on Market: 12/09/2022

  • Last Updated:

  • Address: Walmart Market, Waycross, GA 31501

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