For Sale
$20,416,000

1133 -West ConnectorAustell, GA 30106

High-yield Walmart; Absolute NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 202,843 square foot Walmart Supercenter situated on a 21.52-acre lot in Austell, Georgia. The property boasts a strong 6.15% cap rate and a substantial net operating income (NOI) of $1,255,609. The single-tenant, absolute NNN lease with Walmart, a credit-rated tenant, extends until October 31, 2031, offering a remaining term of 6.9 years with twelve, 5-year lease options. The property features 1,026 parking spaces and is strategically located on the heavily trafficked East-West Connector (32,800 VPD), providing exceptional visibility and accessibility. Built in 1999, this one-story building sits within a prime retail corridor (97.7% occupied) featuring approximately 3.1 million square feet of retail space and is surrounded by other major retailers including Starbucks, Home Depot, and Target. The property benefits from a dense, affluent customer base with an average household income of $103,793 within a five-mile radius (191,625 residents). Its proximity to Wellstar Cobb Hospital and the Village at Brookwood mixed-use development further enhances its value and long-term potential. The property's zoning is NRC/CRC, and the asking price is $20,416,000, translating to a price per square foot of $100.65. This is a rare opportunity to acquire a high-performing, investment-grade asset anchored by a world-renowned retailer. The property's APN is 19-0924-0-001-0.

Highlights

  • $20,416,000 asking price for a Walmart-anchored retail property.
  • Absolute NNN lease with zero landlord responsibilities; credit-rated tenant.
  • 6.9 years remaining on the lease with twelve 5-year options.
  • 202,843 square feet; $100.65/sq ft; 6.15% cap rate; $1,255,609 NOI.
  • 100% occupancy; single-tenant building; 1,026 parking spaces on a 21.52-acre lot.
  • Located in Austell, GA, on a heavily trafficked thoroughfare (32,800 VPD) with excellent visibility and access.

Property Details for 1133 -West Connector

Property type
Retail properties, Grocery and convenience stores
Square Feet
202,843 SF
Year Built
1999
Buildings
1
Stories
1
Lot Size (sq. ft)
937,411 SF
Units
1

Location Insight

City
Austell
County
Cobb
State
Georgia
Latitude
33.856907146372
Longitude
-84.58655897249
1133 -West Connector, Austell, Georgia

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1133 -West Connector
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