Rare NNN Lease- Anchor Tenant
183,211 SF | Retail Building | Anderson, SC 29624 | $15,500,000 ($85/SF) | 6.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $15,500,000
- Property Type
-
Retail
- Square Feet
- 183,211 SF
- Price / Square Foot
- $85
Listing Contacts
Eric Carlton
Verified Profile
Jereme Snyder
Verified Profile
David Feild
Verified Profile
- Property Info
Property Overview
The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors a rare opportunity to acquire a Walmart Supercenter located in Anderson, SC. Walmart (NYSE: WMT) operates over 10,500 stores and clubs in 19 countries, employs over 2.1 million associates worldwide, brings in over $648 billion in annual revenue and has been number one on the fortune 500 list for the past 11 consecutive years. Walmart has operated successfully at this location for over 25 years, recently exercised their second option period (4.8 lease years remaining) and has four addition 5-year option periods. With minimal landlord responsibilities, a corporate guaranteed lease from one of the largest companies in the world, and an investment grade credit rating (S&P: AA) this asset is ideal for an investor seeking passive cash flows for years to come. The 183,211 SF Supercenter sits on 19.79 acres, is strategically located on a hard corner signalized intersection on Highway 28 Bypass, sees over 25,400 VPD and benefits from excellent visibility and accessibility. Nearby retailers include Lowe’s Home
Improvement, Tractor Supply Co., ALDI, McDonald’s, Taco Bell, Bojangles and Zaxby’s. This is a great opportunity to purchase a Walmart Supercenter in South Carolina with below market rent, limited landlord responsibilities and a corporate guarantee.
Improvement, Tractor Supply Co., ALDI, McDonald’s, Taco Bell, Bojangles and Zaxby’s. This is a great opportunity to purchase a Walmart Supercenter in South Carolina with below market rent, limited landlord responsibilities and a corporate guarantee.
Property Details
- Class
- B
- Year Built
- 1999
- Stories
- 1
- Property Subtype
- Freestanding, Grocery/Convenience Store
- Lot Size (sq. ft)
- 862,052 SF
Highlights
- Rare Walmart Supercenter Asset - True NNN Corp. Lease (NYSE: WMT) - 25+ Yrs. at Location
- High Profile Anchor Tenant of Anderson Central Shopping Center (233K SF) - Near Westside H.S.
- Huge Population Growth Trade Area - Part of Greenville MSA - Labeled the “Economic Engine”
- Best in Class Brand - World’s Largest Company - #1 Fortune 500 List for 2023 - Market Cap $481B
- Zero LL Duties - Modern Prototype Remodel - Below Market Rent - Legacy Single Tenant Opportunity
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