RealtyLink Development

Walmart Neighborhood Market

2399 N Perkins Rd
Stillwater, OK 74075

PROPERTY SOLD

Property: Investment Sales

Square Footage: +/- 42,311

Acreage: +/- 4.619

Price: $3,284,211

Cap Rate: 4.75%

Anchor Tenants: Academy Sports + Outdoors

Description:

  • New Construction, 15-Year Lease – Brand new 15-year lease that commenced in May 2016.
  • Extremely Strong Corporate Guaranty – Lease guaranteed by Wal-Mart Stores East, LP, a subsidiary of Wal-Mart Stores, Inc. with Standard & Poor’s rating of AA and Moody’s rating of Aa2.
  • Absolute Net Lease Structure – Zero landlord responsibility throughout the base lease or option periods.
  • Preferential Tax Treatment – Property features six-pump fueling station. This portion of the asset could potentially qualify for Accelerated
    Depreciation*.
  • Growth Concept – Walmart Neighborhood Market is a key growth concept for the World’s #1 Retailer.
  • Excellent Investment Fundamentals – Superior credit, real estate economics and lease structure compared to other available net lease investments.
  • Core University Location Serves 25,000+ Students – The Property is approximately two miles from Oklahoma State University, which has over
    25,000 students and 6,000 employees.
  • Excellent Retail Trade Area – Property benefits from numerous positive attributes, including brand new construction, good positioning/visibility on Perkins Street, quality of the Lakeview Pointe development and proximity of other national retailers.