|Current / Passing Rent||S$340,900|
|Options||2 x 5 Years|
The property sits along Austin Street (21,000 VPD), a highly trafficked retail thoroughfare and a portion of US Highway 290, the primary highway connecting Austin and Houston. Walmart is operating on an absolute triple-net lease structure with more than four years of primary term remaining, absolutely zero landlord responsibilities, and two, five-year renewal options. Walmart has operated at this location since 1984 and has exercised several renewal options, reflecting its success and its long-term commitment to the Property. This offering presents the opportunity to acquire a property leased to an investment-grade and industry-leading retailer on a triple net lease structure with a 36-year operating history at this location.
· World’s largest retailer with $514 billion in annual revenue and 11,300 retail locations
· Investment grade (S&P: ‘AA’) tenancy and greater financial security to the underlying cash flows
· Walmart has occupied since 1984 and has exercised numerous renewal options
· Absolute NNN lease with zero landlord responsibilities
· Only big-box retailer & grocer in Giddings; provides Walmart with exclusive market share