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Get In TouchWalmart Neighborhood Market | Alabaster, AL
Walmart Inc.
9085 Highway 119, Alabaster, AL, 35007, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 41,920 SF Walmart Neighborhood Market NNN Asset Located at 9085 Highway 119 in Alabaster, AL. This Deal Includes a Lease Guaranteed By Walmart, Inc – Rare S&P AA Rated Credit and NNN Lease Structure With No Landlord Responsibilities, Providing For a Secure Investment.
- Lease Guaranteed By Walmart, Inc – Rare S&P AA Rated Credit
- NNN Lease Structure – No Landlord Responsibilities
- Top 5% Most Trafficked Grocers in the Birmingham AL MSA Per Placer, AI Data – 90,000 Shoppers Per Month
- Recent Store Refresh Demonstrates Continued Investment in This Location By Walmart
- Signalized Intersection at Main Store Entrance With Recently Improved Turn Lanes For Easier Access
- Gas Pad With 12 Pumps Supported By Customer Rewards Program to Drive Additional Retail Sales
- Population – 55,000+ / Average Household Income – $100,000+ in 5-Mile Radius
- 25,000+ Vehicles Per Day on Highway 119
- Rapidly Growing Trade Area – 8% Population Growth Projected By 2029
BoR: Andrew Ackerman – Lic. AL #1089690
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Read Additional Thought Leadership Content From SIG
Walmart Inc.
9085 Highway 119, Alabaster, AL, 35007, USA
WALMART
Walmart Inc. (NYSE: WMT) is a people-led, tech-powered omnichannel retailer helping people save money and live better — anytime and anywhere — in stores, online, and through their mobile devices. Walmart Inc. is an American multinational retail corporation that operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs and ecommerce websites. Walmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. Each week, approximately 255 million customers and members visit more than 10,500 stores and numerous eCommerce websites in 19 countries. With fiscal year 2024 revenue of $648 billion, Walmart employs approximately 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy, and employment opportunity. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.
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Price
SOLD
Cap Rate
6.30%
PREMISES
41,920 SF
RENEWAL OPTIONS
17 x 5 Year Options
Lease Expiration
09/30/2030
Lease Type
NNN
BROKERS
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Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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