Walmart Neighborhood Market

680 Old Greenville Highway - Clemson SC 29631

LTV (Loan to Value)	65.00%	Current NOI	$725,950.00
Interest Rate	4.250%	Capital Rate	5.000%
Fixed Term	10 Years	Land Area	7.00 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$9,437,350.00	Property Type	Retail
Payment	$51,125.72	Property Lease	Grocery
Bulding Size	41,117 SF	Remaining Terms	20 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors the opportunity to purchase a 100% fee-simple interest in a Walmart Neighborhood Market located at 680 Old Greenville Highway in Clemson, SC (the “Property”). Wal-Mart Stores, Inc. (S&P AA, Moody's Aa2) has leased a new 41,117 SF Walmart Neighborhood Market store with pharmacy drive thru and six-pump fueling station on approximately 7.00 acres. The lease features a twenty (20) year base term, which commenced in January 2015. The lease is Modified NNN, with Landlord only responsible for the cost to maintain roof and structure, and offers four (4), five (5) year renewal options with scheduled rental increases.

Highlights

Extremely Strong Corporate Guaranty – Lease guaranteed by Wal-Mart Stores, Inc. with Standard & Poor’s rating of AA and Moody’s…

Property Description

Clemson is a city located in Pickens and Anderson counties in the U.S. state of South Carolina. It is a college town, home of the Clemson University campus. The population of the city was 13,905 at the 2010 census. Clemson is part of the Greenville-Spartanburg-Anderson, South Carolina Combined Statistical Area. Most of the city is in Pickens County, which is part of the Greenville-Mauldin-Easley Metropolitan Statistical Area. As of the 2010 census, the population was 636,986. The city of Clemson's character is largely defined by Clemson University, a large public university that dates to 1889. As of 2013, Clemson University enrolled a total of 21,303 students. Clemson is also home to Southern Weslayan University, with enrollment of 1,883 students.