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Walmart Market
Kingsport, TN 37660
True NNN- Rent Bumps- Parent Guarantee · Retail Property For Sale
Investment Highlights
- Newer 15 Yr. Absolute NNN Lease by Walmart Stores, Inc. (NYSE: WMT) - RARE Parent Co. Guarantee
- 90% of All Americans Live within 10 Miles of a Walmart Store- Tremendous Retail Trade Area Draw
- Rent Bumps Every 5 Yrs. in Primary Term/Options- Low Rent PSF- Strong Real Estate Fundamentals
- Modern Prototype Layout (Gas & Drive-Thru Pharmacy) - Huge Traffic Generator- Profitable Venture
- Dense Residential Location just off Hwy 11 & Interstate 26- Main Retail Corridor- Last City before VA
- Largest City of the Tri-Cities MSA including Bristol VA and Johnson City- Fast Growing Tax Free State
PROPERTY FACTS
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
About Walmart Market , Kingsport, TN 37660
We are pleased to offer to qualified investors an opportunity to purchase a single tenant retail asset on a NNN lease that is 100% occupied by Walmart Neighborhood Market and backed by a full corporate guarantee from Walmart Stores Inc (Parent Company). The term expires in November 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 a 43,101 square foot building on approximately 6.01 acres of land. Strategically located along Lynn Garden Drive, the site is surrounded by retailers such as Walgreens, Dollar General, KFC, and DQ Grill & Chilis Restaurant. The property is also in close proximity to the Tuscany Villas, Elmcroft of Kingsport apartments, Travel Inn Kingsport Hotel, Super 8 Kingsport Hotel, Westside Inn Hotel, LifeBridge Christian Church, Concordia Lutheran Church and Jackson Elementary School.
PROPERTY TAXES
| Parcel Number | 029M-H-014.00 | Improvements Assessment | $1,421,360 |
| Land Assessment | $278,800 | Total Assessment | $1,700,160 |
PROPERTY TAXES
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