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Views: 409 DOM: 579 Updated: 09.13.24 Posted: 02.15.23 Status: Active

Summary

Price $9,503,350
Built/Renov 2015
Tenant Walmart
Cap Rate 6.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 41,117
Lease Start 01-07-2015
#Units 9,690
Price/SF $231.13
Expiration 01-07-2035
Tenant Type Big Box Retail
NOI $570,201
R. Term 10.3
Ownership Fee Simple
Rent/SF $13.87
Increases 10.0%/12/yrs
Pop 5Mi 54,517
Lot/AC 5.47
Options 4/5yrs/10%
AHHI 5Mi $68,268

Lease Highlights

  • Walmart has been operating at this location since 2015
  • The tenant has 10+ years remaining on its current lease term with 4 (5-year) options to extend
  • Lease offers 10% rental increases in option 1 & 2 and 5% increase in option 3 & 4
  • Landlord responsible for roof & structure *includes a 20 Yr. transferable roof warranty
  • Corporate guarantee by Walmart, Inc. (NYSE: WMT)
  • Walmart ranked #1 in Fortune 500 in 2022

Location Description

Walmart is strategically located at the hard corner intersection of Belleau Wood Blvd & Jackson Street. The property also features 6-pumps and 12 fueling stations. The site is within proximity to multiple national/credit tenants including Home Depot, Kroger, Chick-fil-A, Harbor Freight, Walgreens, Chase Bank, CVS, Office Depot, Target and many more. Furthermore, the asset is ideally situated...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Walmart
  • Guarantor:Corp T and Rated
  • Company:Walmart, Inc.
  • # Units:9,690
  • Tenant S&P: AA
  • Moody’s: Aa2
  • Stock: NYSE: WMT

About Tenant

Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States....


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,086 36,363 53,712
2023 Total Population : 9,238 36,886 54,442
2023 Employed Civilian Pop : 4,813 16,511 23,069
2023 Total Businesses : 632 2,518 3,588
2023 Average Household Income : $ 108,739 $ 85,001 $ 73,078
2023 Total Consumer Spending : $ 367 M $ 1123 M $ 1425 M
2023 Median Age : 42 40 39
2023 Total Households : 3,958 15,240 22,345
2023 Pop Age 25+: Bachelor's Degree : 1,970 4,792 5,796
2023 Average Home Value : $ 256,062 $ 226,856 $ 204,188
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US 165 S Macarthur Dr 2021 14,301 0.99 mi
US Hwy 71 Masonic Cir 2011 32,630 1.02 mi
US 71;US 165 Metro Dr 2021 23,722 1.03 mi
Jackson St Exd Lancaster Dr 2011 27,008 1.16 mi
LA 1208-3 Lancaster Dr 2021 19,047 1.21 mi
LA0488 Toria Dr 2020 1,617 1.32 mi
US 71 US Hwy 71 2021 21,202 1.33 mi
US0165-X Memorial Dr 2021 11,340 1.46 mi
Jefferson Hwy Baldwin Ave 2011 29,079 1.56 mi
Twin Bridges Rd Jade Ln 2011 3,830 1.68 mi

Listing Broker

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