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1355 Knox Abbott DrCayce, SC 29033
Cayce Walmart Neighborhood Market
Asset ClassRetail
overview of deal

Overview

Collison Capital is pleased to present a Walmart Neighborhood Market located at 1355 Knox Abbott Dr. in Cayce, SC. Built in 2015 and situated on 5.71 acres of land, the Walmart Neighborhood Market is comprised of 41,921 square feet of retail space which includes a drive-thru pharmacy and a convenience store with fuel. The Walmart Neighborhood Market property provides an investor with the opportunity to acquire a well-located asset within the larger Columbia 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 10 years remaining and 16 5-year options each with 5% rent increases.

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Investment Highlights

  • Ground Lease with over 10 years of remaining of initial term
  • Tenant has an Investment Grade Credit Rating "AA" - S&P/Fitch (NYSE:WMT)
  • Sixteen (16), five-year tenant renewal options w/ 5% increases at each option
  • Less than 4 miles from the University of South Carolina and Columbia - the State Capital

PROPERTY SUMMARY

Details
ADDRESS
1355 Knox Abbott Drive Cayce, SC 29033
COUNTY
Lexington
BUILDING SF
41,921
LAND ACRES
5.71
YEAR BUILT
2015
PARCEL NUMBER
00465401084
CONVENIENCE STORE + FUEL
Yes
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1355 Knox Abbott DrCayce, SC 29033

Sales Team

Carter CollisonDirector of Acquisitions and Dispositions(407) 234-4111carter@collisoncap.com

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