Walmart

1630 Plant Avenue, Waycross, GA 31501

$10,327,783

Cap Rate 6.00%

Views: 106 DOM: 579 Updated: 09.13.24 Posted: 02.15.23 Status: Active

Summary

Price $10,327,783	Built/Renov 2015	Tenant Walmart
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 41,117	Lease Start 10-28-2015	#Units 9,690
Price/SF $251.18	Expiration 10-28-2030	Tenant Type Big Box Retail
NOI $619,667	R. Term 6.1	Ownership Fee Simple
Rent/SF $15.07	Increases 3.0%/2/yrs	Pop 5Mi 31,938
Lot/AC 5.28	Options 17/7yrs/7%	AHHI 5Mi $59,672

Lease Highlights

Walmart has been operating at this location since 2015
The tenant has 6+ years remaining on its current lease term with 17 (5-year) options to extend
Lease offers 3% rental increases every 5 years during the primary term and 5% rental increases during option periods
Absolute NNN | Zero landlord responsibilities
Walmart is an investment grade tenant (S&P: AA)
Walmart ranked #1 in Fortune 500 in 2022

Location Description

Walmart is strategically located along Plant Ave (Route 84), one of the areas primary trade corridors with 26, 570 vehicles passing per day. Walmart is within proximity to multiple national/credit tenants including Harvey’s Supermarket, Wendy’s, Heritage Bank, YMC, Dairy Queen, Family Dollar, Dollar General, Advance Auto Parts and many more. Furthermore, the asset is ideally positioned near...

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Key Features

New prototype
Major thoroughfare
Dense retail corridor
Big Box center
Strategically located
Highway location
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Walmart Wikipedia Walmart Wikipedia Waycross, Georgia Zip Code 31501 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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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	6,011	21,843	32,317
2023 Total Population :	5,984	21,888	32,349
2023 Employed Civilian Pop :	2,345	7,804	11,091
2023 Total Businesses :	458	1,200	1,382
2023 Average Household Income :	$ 55,113	$ 57,449	$ 59,230
2023 Total Consumer Spending :	$ 119 M	$ 446 M	$ 628 M
2023 Median Age :	40	41	40
2023 Total Households :	2,448	8,813	12,049
2023 Pop Age 25+: Bachelor's Degree :	657	1,971	2,480
2023 Average Home Value :	$ 107,344	$ 119,879	$ 125,998

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Plant Avenue	Mc Quaig St	2019	15,200	0.06 mi
Plant Avenue	Mc Quaig St	2018	14,800	0.06 mi
Darling Avenue	Plant Ave	2018	1,850	0.17 mi
Darling Avenue	Plant Ave	2021	1,870	0.17 mi
Alice Street	Uvalda St	2021	1,620	0.22 mi
Alice Street	Uvalda St	2019	4,080	0.22 mi
Riverside Drive	Habersham Dr	2021	7,130	0.25 mi
Riverside Drive	Church St	2019	7,220	0.25 mi
Ava Street	Oxford St	2021	7,860	0.26 mi
Ava Street	Franklin St	2019	7,460	0.26 mi

Listing Broker

Eric Carlton

Colliers NNN Group

Contact

169 Listings
18729 Views
58 Sold

Jereme Snyder

Colliers NNN Group

Contact

157 Listings
17417 Views
55 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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