185 N Charles Richard Beall BlvdDeBary, FL 32713
DeBary Walmart Neighborhood Market
Asset ClassRetail
Overview
Collison Capital is pleased to present a Walmart Neighborhood Market located at 185 N Charles Richard Beall Blvd in Debary, FL. Built in 2016 and situated on 4.77 acres of land, the Walmart Neighborhood Market is comprised of 41,117 square feet of retail space which includes a drive-thru pharmacy.
The Walmart Neighborhood Market property provides an investor with the opportunity to acquire a well-located asset within the larger Orlando MSA that is leased to an investment grade tenant on its initial term. This Walmart Neighborhood Market is subject to a 20-year absolute triple net (NNN) ground lease with 11 years remaining and 14 5-year options each with 5% rent increases.
Investment Highlights
- Ground Lease with over 11 years of remaining initial term
- Tenant has an Investment Grade Credit Rating "AA" - S&P/Fitch (NYSE:WMT)
- Fourteen (14), five-year tenant renewal options w/ 5% increases at each option
- The Orlando MSA is one of the fastest-growing large metro region in the U.S. and has benefited from large population increases over the past five years
PROPERTY SUMMARY
Details
ADDRESS
185 N Charles Richard Beall Blvd DeBary, FL 32713
COUNTY
Volusia
BUILDING SF
41,117
LAND ACRES
4.77
YEAR BUILT
2016
PARCEL NUMBER
8027-15-00-0030
185 N Charles Richard Beall BlvdDeBary, FL 32713
Sales Team
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