Collison Capital, LLC is pleased to present Walmart Neighborhood Market in Clemson, South Carolina. Built in 2015 and situated on 6.2 acres of land, Walmart Neighborhood Market is comprised of 41,117 square feet of retail space which includes a drive-thru pharmacy, and a multi-pump fuel station with convenience store on-site.
The subject property provides an investor the opportunity to acquire an asset that is leased to an investment grade tenant and has attractive lease terms. This Walmart Neighborhood Market is subject to a 20-year modified triple net (NNN) lease with 9 years remaining. The current annual rent is $725,950 during the base term and includes 10% rental increases in the first and second option periods and 5% rental increases in the third and fourth option periods. The lease features minimal landlord responsibilities, with the landlord only responsible for the roof and structure. (Roof includes a 15-year warranty)