Shreveport, LA - 10.5M

Single-tenant retail property under a NNN lease, fully occupied by Walmart Neighborhood Market and secured by a comprehensive corporate guarantee from Walmart Stores Inc., the parent company. The lease features a primary term of 15 years, set to conclude in January 2031, and includes 17 additional five-year renewal options. Throughout the primary lease period, rental rates will increase by 3% every five years, transitioning to a 5% increase every five years during the renewal options. This asset is a fee simple property, encompassing both land and building, and showcases the latest prototype of the Walmart Neighborhood Market, which spans 41,921 square feet on approximately 6.67 acres.

The property is strategically positioned in a rapidly developing community. Walmart Neighborhood Market, introduced in 1998, represents Walmart's smaller grocery format, designed to offer customers a more convenient shopping experience compared to traditional Walmart Supercenters. Additionally, the site features a gas station and a drive-thru pharmacy, enhancing its appeal and accessibility for local consumers. Walmart holds the right of first refusal. The seller is receptive to receiving proposals from interested parties.