Assignment – Walmart Saukville 2019-02-21T23:58:24+00:00

SAUKVILLE, WI

WALMART SUPERCENTER

  • LISTING PRICE $7,207,214
  • NOI $360,361
  • SQUARE FEET 122K
  • Year Built/Renovated 1992-2012
OFFERING MEMORANDUM

INVESTMENT SUMMARY

The Chetek Group of Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire an absolute triple-net leased Walmart Supercenter (the “Property”) located in Saukville, Wisconsin. The Property is situated on 10.33 acres and contains 122,000-square feet of total building area, which reflects a 26,000-square foot expansion renovation completed with Walmart’s most recent 10-year renewal through 2027. Walmart’s 26,000-square foot expansion renovation was completed to convert the store to a 24/7, 365 “Supercenter” location, thus demonstrating a strong commitment to the site. Walmart has successfully operated at this location for more than 27 years and has 8.3 years remaining on its current renewal term. In addition, the rent paid is very significantly less than the national average of Walmart net leased offerings currently and the asset is priced well below replacement cost. The Property is being offered with fully assumable “zero cash flow” financing.

LISTING HIGHLIGHTS

Fully assumable zero cash flow structure

Post-expansion rent was unchanged with a 15- year renewal through 2027 resulting in significantly below market rents.

2012 expansion (±26,000 SF) and “Supercenter” conversion.

27+ years of successful operating history at this location (since 1991).

Affluent suburb, excellent demographics and large radius draw.

Recent roadway infrastructure improvements completed to accommodate continued growth in the area.

Exceptional visibility and convenient access directly off Interstate 43.

Absolute NNN lease.

OFFERING MEMORANDUM