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680 Old Greenville HwyClemson, SC 29631
Clemson Walmart Neighborhood Market
Asset ClassRetail
overview of deal

Overview

Collison Capital, LLC is pleased to present Walmart Neighborhood Market in Clemson, South Carolina. Built in 2015 and situated on 6.2 acres of land, Walmart Neighborhood Market is comprised of 41,117 square feet of retail space which includes a drive-thru pharmacy, and a multi-pump fuel station with convenience store on-site.

 

The subject property provides an investor the opportunity to acquire an asset that is leased to an investment grade tenant and has attractive lease terms. This Walmart Neighborhood Market is subject to a 20-year modified triple net (NNN) lease with 9 years remaining. The current annual rent is $725,950 during the base term and includes 10% rental increases in the first and second option periods and 5% rental increases in the third and fourth option periods. The lease features minimal landlord responsibilities, with the landlord only responsible for the roof and structure. (Roof includes a 15-year warranty)

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Investment Highlights

  • Investment Grade Credit Rating "AA" by S&P/Fitch
  • Walmart fuel and convenience store
  • Less than three miles away from the main gate of Clemson University, which boosts a student population of 29,000. The Clemson football stadium is also approx. three miles away and draws over 81,500 fans to games.
  • Lease has a corporate guarantee | NYSE: WMT
  • Lease includes contractual rent increases during option periods

PROPERTY SUMMARY

Details
ADDRESS
680 Old Greenville Highway Clemson, SC 29631
COUNTY
Pickens
BUILDING SF
41,117
LAND ACRES
6.2
YEAR BUILT
2015
TRAFFIC COUNT
30,000
PARCEL NUMBER
4054-12-86-5698
CONVENIENCE STORE + FUEL
Yes
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680 Old Greenville HwyClemson, SC 29631

Sales Team

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

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