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5251 Cypress Street, West Monroe, LA

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5251 Cypress Street

West Monroe, LA 71291-7503

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2015
Building Size:42,058 SF Land Area:6.47 AC (281,833 SF)
For Sale Price:$14,440,854 Price/SF:$343.36
Cap Rate:5.15 %

Sale Notes:
RARE PARENT GUARANTEE! 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). The new 20 year primary term expires in January 2035 and includes 4-5 year option periods. There are 10% rental escalations for option 1 and 2, followed by 5% rental escalations for options 3 and 4. This is a fee simple (land and building) asset that includes the newest Walmart Neighborhood Market building prototype; the building is comprised of 42,058 square feet on approximately 6.47 acres of land. Strategically located along Cypress Street within an established retail trade area that includes McDonald's, CVS, Mac's Fresh Market, Sonic Drive In, Walgreens, Burger King, Waffle House, Circle K, Shell and Texaco, the propery enjoys excellent street visibility, convenient access and ample parking.

Colliers International
Eric Carlton
(949) 724-5561

Jereme Snyder
(949) 724-5500

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