Walmart

651 Highway 28 Bypass, Anderson, SC 29624

$15,500,000

Cap Rate 6.50%

Views: 102 DOM: 99 Updated: 07.16.24 Posted: 06.01.24 Status: Active

Summary

Price $15,500,000	Built/Renov 1999	Tenant Walmart
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 183,211	Lease Start 01-27-1999	#Units 9,690
Price/SF $84.60	Expiration 01-31-2029	Tenant Type Big Box Retail
NOI $1,007,660	R. Term 4.4	Ownership Fee Simple
Rent/SF $5.50	Increases 0.0%/0/yrs	Pop 5Mi 65,082
Lot/AC 19.79	Options 4/5yrs	AHHI 5Mi $63,794

Lease Highlights

Walmart has been operating in this location for 25+ years
The tenant has 4+ years remaining on the current lease term with 4 (5-year) options to extend
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Walmart is strategically located on Highway 28 Bypass, with access to 25,400 vehicles passing by daily. The property is surrounded by well-known national tenants, including Lowe’s Home Improvement, Tractor Supply Co., ALDI, McDonald’s, Taco Bell, Bojangles, Zaxby’s, and more. The 5-mile trade area is supported by a population of 65,082 residents with an average household income of $63,794....

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Key Features

Signalized intersection
In location for years
Dense retail corridor
Highway location
Top 100 MSA
Long operation history
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Walmart Wikipedia Walmart Wikipedia Anderson, South Carolina Zip Code 29624 Broker Site Page

Maps

Local Information

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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Listing Broker

Eric Carlton

Colliers NNN Group

Contact

165 Listings
17929 Views
56 Sold

Jereme Snyder

Colliers NNN Group

Contact

153 Listings
16651 Views
53 Sold

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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