Walmart Neighborhood Market

804 S Cashua Drive - Florence SC 29501

LTV (Loan to Value)	65.00%	Current NOI	$661,861.00
Interest Rate	4.250%	Capital Rate	5.000%
Fixed Term	10 Years	Land Area	6.55 Acres
Amortization	25 Years	Lease Type	Modified NNN
Loan Amount	$8,606,000.00	Property Type	Retail
Payment	$46,621.98	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 804 S Cashua Drive in Florence, SC (the “Property”). Wal-Mart Stores, Inc. (S&P AA, Moody’s Aa2) will lease a new 41,117 SF Walmart Neighborhood Market store with pharmacy drive thru and six-pump fueling station on an approximately 6.55 acres. The lease features a twenty (20) year base term commenced in January 2015. The lease is Modified NNN, with Landlord responsible for only cost to maintain the roof and structure, and offers four (4), five (5) year renewal options with scheduled rental increases.The Property is located at the intersection of 2nd Loop and Cashua Drive. 2nd Loop is a primary arterial with traffic counts of nearly 30,000 VPD, serving as a connector to Highways 76 and 52 as well as to Interstates 20 and 95. Retailers in the vicinity include Walgreens, CVS, Walmart Supercenter, Lowe’s, Hobby Lobby and Target. The Property is also in close proximity to the Magnolia Mall (>600,000 SF), Florence Mall (>340,000 SF) and the Florence Country Club. Interstate 20 originates in Florence, where it intersects with Interstate 95 just 1.5 miles from the Property.

Highlights

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

Property Description

The Property is located at the intersection of 2nd Loop and Cashua Drive. 2nd Loop is a primary arterial with traffic counts of nearly 30,000 VPD, serving as a connector to Highways 76 and 52 as well as to Interstates 20 and 95. Retailers in the vicinity include Walgreens, CVS, Walmart Supercenter, Lowe's, Hobby Lobby and Target. The Property is also in close proximity to the Magnolia Mall (>600,000 SF), Florence Mall (>340,000 SF) and the Florence Country Club. Interstate 20 originates in Florence, where it intersects with Interstate 95 just 1.5 miles from the Property. Florence is the county seat of Florence County, South Carolina and is the hub of the Metropolitan Statistical Area with a population exceeding 205,000. Florence is also considered the retail hub of the region, drawing consumers from a large portion of both North and South Carolina. The 600,000 SF Magnolia Mall is the largest shopping center in the 150 mile stretch between Columbia and Myrtle Beach.