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- LoopNet Team
4150 Ringgold Rd
East Ridge, TN 37412
Walmart Market- True NNN- Parent Guarantee · Retail Property For Sale
PROPERTY FACTS
Amenities
- Dedicated Turn Lane
- Fenced Lot
- Signalized Intersection
- Drive Thru
- Monument Signage
- Air Conditioning
About 4150 Ringgold Rd , East Ridge, TN 37412
RARE PARENT GUARANTEE! We are pleased to offer to qualified investors an opportunity to purchase a single tenant retail asset on a NNN lease that is 100% leased to Walmart Neighborhood Market and backed by a full corporate guarantee from Walmart Stores Inc (Parent Company). The new 15 year primary term expires in October 2030 and includes 17-5 year option periods. During the primary term, there are 3% rental escalations every 5 years, followed by 5% rental escalations every 5 years during the option periods. This is a fee simple (land and building) asset that includes the newest Walmart Neighborhood Market building prototype; the building is comprised of 41,117 square feet on approximately 7.10 acres of land. Strategically located along Hwy 41 at the intersection of E. Ridge Ave, just outside Chattanooga. in this growing community. Walmart Neighborhood Market is Walmart's smaller grocery concept with was launched in 1998 and provides customers a more convenient shopping experience than a typical Walmart Supercenter. GAS STATION & DRIVE THRU PHARMACY! Walmart aims to have approximately 500 operating WNM's by early 2016. Walmart is the world's biggest retailer and also the largest employer with over 2.2 million employees, with 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. This is an excellent opportunity to buy an extremely low risk, stable retail asset that requires zero landlord management, includes fixed rental escalations (many Walmart stores have zero rental increases), and a 15 year NNN lease, thereby providing a dependable income stream backed by one of the strongest corporate credit companies in the world.
PROPERTY TAXES
Parcel Number | 169H-D-008 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $4,500,040 |
PROPERTY TAXES
Listing ID: 6567120
Date on Market: 3/31/2017
Last Updated:
Address: 4150 Ringgold Rd, East Ridge, TN 37412
The Retail Property at 4150 Ringgold Rd, East Ridge, TN 37412 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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