801 General Stewart Way - Supermarket FOR SALE


Hinesville, GA 31313
$14,314,320 USD
407-234-4111
801 General Stewart Way, Hinesville, GA for Sale
$14,314,320 USD
Supermarket - FOR SALE
1/15
null | 5% Cap Rate

801 General Stewart Way
Hinesville, GA 31313


HIGHLIGHTS

  • Absolute NNN lease with 5 years remaining of initial term
  • Tenant has an Investment Grade Credit Rating "AA" - S&P/Fitch (NYSE:WMT)
  • Seventeen (17), five-year tenant renewal options w/ 5% increases at each option
  • Includes a Walmart convenience store + fuel
  • Located next to Fort Stewart, a 288,000 acre military base which is supported by over 70,000 military/civilian personnel.

OVERVIEW

Collison Capital is pleased to present a Walmart Neighborhood Market located at 801-A East General Stewart Way, Hinesville, GA. Built in 2015 and situated on 5.80 acres of land, the Walmart Neighborhood Market is comprised of 41,117 square feet of retail space which includes a drive-thru pharmacy, as well as a convenience store with fuel pumps. The Walmart Neighborhood Market property provides an investor with the opportunity to acquire a well-located asset next to Fort Stewart, the largest Army base East of the Mississippi. This Walmart Neighborhood Market is subject to a 15-year absolute triple net (NNN) ground lease with 5 years remaining and 17 5-year options each with 5% rent increases. The lease has a Walmart corporate backed guarantee.

FOR SALE DETAILS

PRICE

$14,314,320 USD

PRICE/SF

$348 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walmart Neighborhood Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.8 AC

LAND SF

252,648 SF

ZONING

C2

APN/PARCEL ID

069C-080

ASK ABOUT THIS PROPERTY

Carter CollisonCollison CapitalMore Info
407-234-4111

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Carter CollisonCollison CapitalMore Info
407-234-4111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.