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.