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Walmart Neighborhood Market

Monroe, LA

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Price$12,520,392
Rentable Square Feet43,660SF
Cap Rate5.10%
Land Area5.30 Acres
NOI$638,540
Lease TypeNNN
Lease Term Remaining18 Years
Landlord ResponsibilitiesRoof & Structure (Includes 20 Year Roof Warranty)
Rent CommencementJanuary 28, 2015
Tenant NameWalmart Neighborhood Market
Lease ExpirationJanuary 30, 2035
Ownership TypeFee Simple
Increases10% Option 1 & 2, 5% Option 3 & 4
GuarantorWalmart Stores Inc
Options4 - 5 year options
Credit RatingAA by S&P & Aa2 by Moody's - Investment Grade

Monroe, LA

Single Tenant NNN Lease retail asset that is backed by a full corporate guarantee from Walmart Stores Inc (Parent Company). Walmart Neighborhood Market is Walmart’s smaller grocery concept which was launched in 1998 and provides customers a more convenient shopping experience than a typical Walmart Supercenter. ¬†Walmart is the world’s largest retailer and also the largest employer with over 2.2 million employees, over $469 Billion in total revenues and over 11,000 stores across 27 countries. ¬†Walmart was ranked #1 in Fortune 500 and is known as the king of retailing.

Property Documents

  • Walmart Market PACKAGE- Monroe LA- Colliers NNN Group

Contact info

Eric Carlton
Listed by
Eric Carlton
(949) 724-5561
eric.carlton@colliers.com
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