Walmart

100 Interchange Drive
Fulton, MS

Price: $6,286,000
Cap: 7.00%
NOI: $440,000
Building Size: 109,450 SF
Lot Size: 14.78 AC

Investment Highlights

AA CREDIT RATED TENANT
• Walmart is a publicly traded company (NYSE: WMT) with an S&P rating of AA.
• Ranked #1 on the Fortune 500 list.
• Walmart is the largest retailer and employer worldwide with more than 11,700 stores and 2.3M employees.
• $500.3B in total revenue in 2018 from eCommerce and store sales.

NEW 10-YEAR NNN LEASE WITH LOW RENT
• Walmart has occupied this location for 20 years and just recommitted with a new 10-year lease.
• The annual rent at this location is 17% lower than the national average.
• There is an attractive 13% rent increase during first option period.
• This is an absolute NNN Lease with Tenant 100% responsible for all taxes, CAM, insurance, roof and structure.

ATTRACTIVE INTERSTATE LOCATION
• Subject property is well located directly off I-22 and S. Adams St., the two busiest thoroughfares (Combined 39,000 VPD).
• 5 miles from Itawamba Community College (5,654 students and 550 employees).
• National adjacent retailers include Wendy’s, McDonalds, AutoZone, KFC, Dollar General, O’Reilly, Goody’s, and More.
• Subject property is located within 3 miles of largest employers in Fulton: Crane and Sons (462 employees), Mueller Copper Tube Co. (454 employees) and JESCO (728 employees).

DOMINANT RETAILER IN LOCAL MARKET
• Subject property is largest and dominant retailer in Fulton making up 27% of total retail SF.
• Distance from nearest competition: Target (112 mi.), Walmart (22 mi.), Kroger (23 mi.) and Sam’s Club (22 mi.).
• Subject property is the only “one stop shop” in City of Fulton.

FULTON, MS
• Fulton is located halfway between Memphis, TN and Birmingham, AL and is the county seat for Itawamba County.

Don McMinn
OFFERING MEMORANDUM

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