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Walmart - Neighborhood Market & Gas 820 Balmy Beach Dr 39,050 SF 100% Leased Retail Building Apopka, FL 32703 $12,489,297 CAD ($319.83 CAD/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Ground-Lease Situated on a Hard-Corner Lighted Intersection amidst the dense retail corridor of Apopka. (Orlando MSA)
- Dense Traffic Counts in the immediate area as a result of the main State Road 436 throughfare.
- Name-Brand Recognition with WAL-MART. (S&P: AA Investment Grade Credit Rating)
- Strategically positioned asset with immediate access to multiple residential developments and heavy density demographic corridors.
- Big Box Retail and Gas-Combination provides for immediate self-driven market driver for consumers in the immediate market.
- #1 Retailer in the WORLD with 2.2M +/- registered employees.
EXECUTIVE SUMMARY
The subject property benefits from being in a strong retail corridor surrounded by national and local tenants, shopping centers and hospitality accommodations. Located on a hard-corner lighted intersection, the subject property is surrounded with the following major tenants in the immediate area; Publix, Hobby Lobby, Burger King, Dollar Tree, Bealls, Ross, Marshalls, as well as many more.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- -
- Triple Net
- Apr 2037
Neighborhood Markets offer a convenient shopping experience for customers who need groceries, pharmaceuticals and general merchandise. Generally, they are located in markets with Wal-Mart Supercenters, supplementing a strong food distribution network and providing added convenience while maintaining Wal-Mart’s Every Day Low Prices. First opened in 1998 Neighborhood Markets, averaging 42,000 square feet, feature a wide variety of products, including fresh produce, deli foods, fresh meat and dairy items, health and beauty aids, one-hour photo and traditional photo developing services, drive-through pharmacies, stationery and paper goods, pet supplies, and household chemicals.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | - | Triple Net | Apr 2037 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-21-29-524-0000-0010 | Improvements Assessment | $6,139,512 CAD |
| Land Assessment | $3,049,732 CAD | Total Assessment | $9,189,244 CAD |
PROPERTY TAXES
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Walmart - Neighborhood Market & Gas | 820 Balmy Beach Dr
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