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Walmart Neighborhood Market 801 General Stewart Way 41,117 SF Retail Building Hinesville, GA 31313 $19,818,176 CAD ($481.99 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN lease with 5 years remaining of initial term
- Seventeen (17), five-year tenant renewal options w/ 5% increases at each option
- Located next to Fort Stewart, a 288,000 acre military base which is supported by over 70,000 military/civilian personnel.
- Tenant has an Investment Grade Credit Rating "AA" - S&P/Fitch (NYSE:WMT)
- Includes a Walmart convenience store + fuel
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
41,117 SF
Building Class
B
Year Built
2015
Price
$19,818,176 CAD
Price Per SF
$481.99 CAD
Cap Rate
5%
NOI
$990,909 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
5.80 AC
Zoning
C2
Frontage
523’ on General Stewart Way
AMENITIES
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 069C-080 | Improvements Assessment | $2,283,509 CAD |
| Land Assessment | $586,435 CAD | Total Assessment | $2,869,943 CAD |
PROPERTY TAXES
Parcel Number
069C-080
Land Assessment
$586,435 CAD
Improvements Assessment
$2,283,509 CAD
Total Assessment
$2,869,943 CAD
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Walmart Neighborhood Market | 801 General Stewart Way
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