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|Current / Passing Rent||
|Remaining Term||3 years, 11 months|
Available for sale is Walmart, world's largest retailer which 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. 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. Walmart has occupied since 1984 and has exercised numerous renewal options.
- Annual revenue orf $514 billion and 11,300 retail locations
- Investment grade (S&P: ‘AA’) tenancy and greater financial security to the underlying cash flows
- Absolute NNN lease with zero landlord responsibilities and more than four years of primary term remaining
- Only big-box retailer & grocer in Giddings; provides Walmart with exclusive market share