Best in Class Retailer- Long Term Lease | Walmart Market
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Best in Class Retailer- Long Term Lease Walmart Market
41,117 SF 4-Star Retail Building Alexandria, LA 71303 $13,513,764 CAD ($329 CAD/SF) 6% Cap Rate
Investment Highlights
- Walmart Neighborhood Market – Corporate Guaranteed – Wal-Mart Stores, Inc.
- Walmart - #1 Grocer in the United States & #1 Retailer in the United States
- Net Lease – Minimal Landlord Obligations
- Rated “AA” by Standard & Poor; Rated Aa2 by Moody’s - Highly Stable
- Over 11 Lease Years Remaining with 4 - 5 Year Option Periods
Executive Summary
We are pleased to offer to qualified investors an opportunity to purchase a single tenant net lease retail asset 100% occupied by Walmart Neighborhood Market and backed by a full corporate guaranty from Walmart Stores Inc. (Parent Company). This offering provides over 11 lease years remaining on a 20-year primary term that includes 4 – 5 year option periods. This is a fee simple (land and building) asset that comprises a 41,117 square feet building on approximately 5.47 acres of land. Strategically located at the intersection of Jackson St and Belleau Wood Blvd, the subject property sits next to Alexandria Senior High School and near major national retailers such as Kroger, Chick-fil-A, Harbor Freight, Walgreens, Chase Bank, CVS and more. This is an excellent opportunity to acquire the nation’s #1 grocer backed by a full corporate guaranty with over 11 lease years remaining and 4 – 5 year options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
41,117 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2015
Price
$13,513,764 CAD
Price Per SF
$329 CAD
Cap Rate
6%
NOI
$810,826 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
5.47 AC
Nearby Major Retailers
1 of 7
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Best in Class Retailer- Long Term Lease | Walmart Market
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