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Virtual Drive-By

Walmart NNN

812 Belleau Wood Boulevard · Alexandria, LA 71303 · Convenience / Fuel

Asking price
$9,503,350
Cap rate
6.00%
NOI
$570,201

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeNNN
Term remaining11.0 yrs
Expiration01/2035
Rent bumpsEvery 5 Yrs in Primary Term/Options - Low Rent PSF
Options10% Increase in Option 1 & 2 5% Increase in Option 3 & 4
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 SF41,117
Price / SF$231
Year built—
Lot size5.47 ac
TypeConvenience Store, Grocery Store, Storefront
Days on market1573

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

  • ​Rated “AA” by Standard & Poor; Rated Aa2 by Moody’s - Highly Stable
  • ​Walmart - #1 Grocer in the United States & #1 Retailer in the United States
  • ​Over 11 Lease Years Remaining with 4 - 5 Year Option Periods
  • ​Net Lease – Minimal Landlord Obligations
  • ​Walmart Stores Inc - Parent Company Guarantee - Investment Grade
  • ​Recently Constructed Building (2015) – Approx.. 5.47 Acres of Land
  • ​Alexandria, LA – Next to Alexandria Senior High School (1,483 Students)
  • ​Close Proximity to Kroger, Chick-fil-A, Harbor Freight, Walgreens, Chase Bank, CVS and More
  • ​Over 53,726 Residents within a 5-Mile Radius
  • ​Average Household Income of $118,875 within a 1-Mile Radius
  • ​Walmart Neighborhood Market – Corporate Guaranteed – Wal-Mart Stores, Inc.
  • ​Proven Long-Term NNN Leases by Walmart Stores, Inc. (NYSE: WMT)
  • ​RARE Parent Guarantee
  • ​Modern Prototype Layout (Gas & Drive-Thru Pharmacy)
  • ​Huge Traffic Generator/Dominates Market
  • ​High-Profile Infill Sites - Affluent Suburban Communities
  • ​Main Retail Corridor - Dense Residential
  • ​Rent Bumps Every 5 Yrs in Primary Term/Options - Low Rent PSF
  • ​Strong Real Estate Fundamentals
  • ​Best-in-Class Brand - Top Retailer in the World with International Name Recognition
  • ​Modern Prototype
  • ​Tremendous Growth for Market Platform - High Sales Track Record
  • ​Smaller Footprint - Grocery Leader!
  • ​World’s Largest Company by Revenues - #1 Fortune 500 List for 2024
  • ​Market Cap over $685B+

Property overview

We are pleased to offer to qualified investors an opportunity to purchase a single tenant net lease retail asset 100% occupied by Walmart Neighborhood Market and backed by a full corporate guaranty from Walmart Stores Inc.​ (Parent Company).​ This offering provides over 11 lease years remaining on a 20-year primary term that includes 4 – 5 year option periods.​ This is a fee simple (land and building) asset that comprises a 41,117 square feet building on approximately 5.47 acres of land.​ Strategically located at the intersection of Jackson St and Belleau Wood Blvd, the subject property sits next to Alexandria Senior High School and near major national retailers such as Kroger, Chick-fil-A, Harbor Freight, Walgreens, Chase Bank, CVS and more.​ This is an excellent opportunity to acquire the nation’s #1 grocer backed by a full corporate guaranty with over 11 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.