Marcus & Millichap is pleased to bring to market the rare opportunity to acquire a fee simple Wal-Mart Super Center + 60,000 SF of shop space. The lease with Wal-Mart has 11 years remaining on an absolute net lease structure. This particular store is the training center for all new managers earmarked to run new stores. The shop space is approximately 60,000 with a mix of national, regional and local tenants all paying its proportionate share of the expense obligations. The most notable shop tenant is the 20,000 free standing Goody's. Along with Goody's, Shoe Show, Radio Shack, H&R Block and many others have flocked to benefit from Wal-mart's ability to bring traffic to the site. The Wal-Mart was constructed in 1998 with a 20 year lease and the shop space was developed in 2000 with leases commencing from 2000 on.
The subject property is located directly off of Hwy 19 in Summersville, West Virginia.
An investor has the opportunity to acquire investment real estate product in an irreplaceable location leased to the most globally recognized tenant. It is perfect for TIC groups, Institutional funds, private capital and sydicates. |
