Asking Price
Sq. Footage
NOI Net Operating Income
Cap Rate

Documents

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Attributes

Year Built 1983
Lease Type NNN
Current / Passing Rent
Lease Expiration 2024-01-31
Remaining Term 3 years, 11 months
Tenant Walmart
Lot Size acres

Property Description

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.

Investment Highlights

  • 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
Pierce Owens
Pierce Owens
SVP
Licensed in
TX - 510337
Donna Kolius
Donna Kolius
EVP, Retail Brokerage
Licensed in
TX - 309164

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