975 Highway 51 N
Covington, TN 38019

CBRE is pleased to offer for sale a value add retail investment opportunity, featuring an absolute NNN lease to Walmart until January 31, 2017; then a Tractor Supply lease until June 30, 2022 and 49,575 SF of vacant space that is available to be re-tenanted. Walmart is a publicly traded company with 11,489 stores operating under 69 banners in 27 countries and e-commerce websites in 10 countries. With fiscal year 2015 sales of approximately $486 billion, Walmart employs 2.2 million associates worldwide. Walmart, has a credit rating of Aa2 (Moody' s) and AA (Standard & Poor' s). Tractor Supply Company operates 1,542 stores in 49 states with over 22,000 employees. The company was founded in 1938. Sales revenues for 2015 were $6.2 billion. This offering provides an excellent opportunity to acquire a value add Tractor Supply located in Covington, Tennessee. Walmart has relocated to a Supercenter site three miles (3) miles to the south of the subject property. Walmart has subleased 21,863 square feet to Tractor Supply and 16,411 square feet to Goody' s. Covington is a city in central Tipton County, Tennessee. Covington is the largest city and county seat of, Tipton County. The city is located in West Tennessee, a few miles from the Mississippi River. Covington is the county seat and the largest of eight incorporated communities: Atoka, Brighton, Munford, Burlison, Garland, Mason and Gilt Edge. The county is one of the fastest growing counties in the State of Tennessee and the Mid-South region. The Town of Covington was incorporated in 1826 by an Act of the Tennessee General Assembly. Covington is approximately 18 miles north of northern Memphis.