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1630 Plant Avenue - Walmart Neighborhood Market, Waycross, GA
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1630 Plant Avenue - Walmart Neighborhood Market
Waycross, GA 31501-5247
5.28 AC (229,997 SF)
For Sale Price:
PARENT GUARANTEE (NYSE: WMT)We are pleased to offer to purchase one a single tenant retail asset on an absolute NNN lease that is 100% leased to Walmart Neighborhood Market and backed by a full corporate guarantee from Walmart Stores Inc (Parent Company). This is a brand new 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 includes the newest Walmart Neighborhood Market building prototype; the building is comprised of 41,117 square feet on approximately 5.28 acres of land. Strategically located along Plant Avenue, or Route 84, which is a primary trade corridor that connects to Route 1 and the South Georgia Parkway, the property is located in a dense infill retail trade area, offers convenient ingress / egress, excellent street visibility and ample parking.
PLUS FUEL CENTER! Walmart Neighborhood Market is Walmart's smaller grocery concept with was launched in 1998 and provides customers a more convenient shopping experience than a typical Walmart Supercenter. Walmart aims to have approximately 500 operating WMT's by early 2016. Walmart is the world's biggest retailer and also the largest employer with over 2.2 million employees, with over $469 Billion in total revenues and over 11,000 stores across 27 countries. Walmart was ranked #1 in Fortune 500 and is known as the king of retailing. This is an excellent opportunity to buy an extremely low risk, stable retail asset that requires zero landlord management, includes fixed rental escalations (many Walmart stores have zero rental increases), and a brand new 15 year absolute NNN lease, thereby providing a dependable income stream backed by one of the strongest corporate credit companies in the world and bolstered by an infill retail location.
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FOR SALE CONTACTS
Colliers International | Savannah
Ashley W Smith
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