Walmart

Pecos, TX

 
Price :
$3,571,000
Cap Rate :
7.0%
NOI :
$250,000
Building Size :
41,914
Lot Size :
8.57 Acres
Year Build :
1986
Status :
Available

Listed By:

BOR: TX | Timothy Speck

License: TX: 432723
Phone: (972) 755-5200
Tim.Speck@marcusmillichap.com

Simon Jonna

License: MI: 6501323918
Phone: (248) 415-2625
simon.jonna@marcusmillichap.com

Raymond Jonna

License: MI: 6501357188
Phone: (248) 415-3018
raymond.jonna@marcusmillichap.com


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Questions?

P: (248) 415-3025
F: (248) 352-3813
info@thejonnagroup.com

  • Highlights
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  • Location

Property Description

  • Exceptional Rent to Sales Ratio | Under 1% | Latest Sales Reported
  • Corporate Guarantee | Walmart Stores, Inc. | NNN Lease
  • Strong National Tenant | NYSE: WMT | S&P AA Rated | 2016 Revenue of $485.87 Billion
  • Strong Frontage on S. Cedar St | Adjacent to I-20 Freeway
  • Strong Area Traffic Counts | Over 9k Vehicles Per Day
  • Minutes From Pecos Municipal Airport | 771-Acre Airport
  • Pecos, TX Located Within the Permian Basin Oil and Gas Production Area
  • Permian Basin Produces Approximately 17 Percent of the United States’ Crude Oil
  • Retailers in the Immediate Vicinity Include AutoZone, O’Reilly Auto Parts, Sonic Drive-In, Pizza Hut, Aaron’s, Subway, and many more.

Marcus & Millichap is pleased to present the exclusive listing for a 41,914-square foot corporate Walmart located in Pecos, Texas on approximately 8.33 acres. The incoming investor has the opportunity to acquire a shorter-term fee-simple Walmart asset that has been operating on a triple-net lease at this location since 1986. Walmart recently exercised yet another five-year option in July 2016, displaying strong conviction for this specific site.

The subject property benefits from strong frontage on S. Cedar St., with daily traffic counts of over 9,100 vehicles per day and is adjacent to Interstate 20, a major east-west Interstate Highway running from a junction with Interstate 10 east of Kent, Texas through the Dallas-Forth Worth Metroplex to the border with Louisiana.

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Call us : 248 -415-2625