Walmart - Net Lease Property for Sale
St. Augustine, FL
Key Investment Metrics
Price
$22,900,000
Cap Rate
5.0%
Net Operating Income
$1,145,000
Building Size
180604 SF
Lot Size
180,604 SF
Land Area
24.49 Acres
Remaining Term
20.5 years
Lease Expiration
01/31/2047
Lease Term
20.1 years
Lease Commencement
01/07/2027
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2026
Occupancy
100%
Tenancy
Single
Rent Increases
Fixed for years 1 - 20 and then 5% increases every 5-years in Options
About This Walmart Net Lease Property
This Walmart NNN (triple net lease) property is located in St. Augustine, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 180604 square feet of building space and was built in 2026.
With a cap rate of 5.0%, this Walmart net lease property offers stable income potential. The asking price is $22,900,000, making it an attractive option for 1031 exchange investors seeking quality Walmart commercial properties.
Why Invest in Walmart NNN Properties?
- Stable Income: Walmart net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Walmart is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
St. Augustine, FL Market Overview
Located in St. Augustine, FL, this Walmart property benefits from strong local demographics and market fundamentals. The St. Augustine area offers excellent visibility and accessibility, making it an ideal location for Walmart operations and a solid investment for net lease property buyers.