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Virtual Drive-By

Walmart NNN

1757 W Andrew Johnson Hwy · Morristown, TN 37814 · Convenience / Fuel

Asking price
—
Cap rate
5.25%
NOI (derived)
—

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Lease

Lease typeNNN
Term remaining4.7 yrs
Expiration04/2031
Rent bumps3% Increases Each Option
Options17 - 5Yr Option Periods
Ground lease—
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF44,954
Price / SF—
Year built—
Lot size5.07 ac
TypeConvenience Store
Days on market1756

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Walmart Neighborhood Market (Dark) – Corporate Guaranteed Wal-Mart Stores, Inc.
  • ​Rated “AA” by Standard & Poor; Rated Aa2 by Moody’s - Highly Stable
  • ​Over 9.5 Lease Years Remaining – $6.7M in Outstanding Rent Obligations
  • ​NNN Lease – Zero Landlord Obligations
  • ​44,954 SF Building – Recently Constructed Building (2016) – 5.07 Acres of Land
  • ​Walmart Stores Inc - Parent Company Guarantee - Investment Grade
  • ​Positioned on Morristown’s Main East/West Thoroughfare – Andrew Johnson Hwy (46,113+ VPD)
  • ​Nearby Retailers: The Home Depot, Walgreens, Chick-fil-A, McDonald’s, Food City, Lowe’s, Ollie’s Bargain Outlet, Dollar Tree and More
  • ​Morristown, TN – Principal city of Morristown MSA – County Seat of Hamblen County
  • ​Regional Hub for Employment, Shopping, Recreation, Healthcare, Education
  • ​Over 45,500 Residents within a 5-Mile Radius
  • ​Average Household Income of $56,081 within a 5-Mile Radius

Property overview

We are pleased to offer to qualified investors an opportunity to purchase a single tenant retail asset on a NNN lease that is 100% leased to Walmart Neighborhood Market and backed by a full corporate guarantee from Walmart Stores Inc.​ (Parent Company).​ Walmart is currently dark (paying full rent) with over 9.5 lease years remaining on a 15-year primary term.​ This is a fee simple (land and building) asset that comprises a 44,954 square feet building on approximately 5.07 acres of land.​ Well positioned on Andrew Johnson Hwy (20,600+ VPD), the subject property sits in the heart of Morristown’s retail and employment center with major retailers such as The Home Depot, Walgreens, Chick-fil-A, McDonald’s, Food City, Lowe’s, Ollie’s Bargain Outlet, Dollar Tree and more in close proximity.​ This is a unique opportunity to acquire a dark Walmart Neighborhood Market with over 9.5 lease years remaining, with a corporate guaranty, recently constructed in 2015, with over 10.5 lease years remaining and 4 – 5 year options.​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.