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Virtual Drive-By

Walmart Absolute NNN

2520 Cuthbertson Rd · Waxhaw, NC 28173 · Grocery / Big Box

Asking price
$6,627,000
Cap rate
4.15%
NOI
$275,000

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Lease

Lease typeAbsolute NNN
Term remaining8.9 yrs
Expiration06/2035
Rent bumps5% at each option
Options12 x 5-year options
Ground leaseYes
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 SF41,356
Price / SF$160
Year built2014
Lot size5.35 ac
TypeGrocery Store, Storefront
Days on market124

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

HIGH-CREDIT, ZEROMANAGEMENT GROUND LEASE

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    Absolute NNN ground lease with no landlord responsibilities and all improvements owned by Walmart, minimizing capex exposure and operational risk

INVESTMENT GRADE WALMART GUARANTY (S&P: AA)

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    Corporate lease backed by one of the strongest credits in retail, with unmatched scale, recession resilience, and essential-use tenancy

STRONG INFILL POSITIONING WITH BARRIERS TO ENTRY

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    Established retail corridor with limited new supply, strong surrounding residential density, and traffic counts exceeding 45,000 VPD at the intersection

AFFLUENT, HIGH-GROWTH CHARLOTTE SUBMARKET

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    Located in Waxhaw, one of the fastest-growing and highest-income areas in the Charlotte MSA, with $175K+ average household incomes supporting sustained grocery demand

CORE GROCERYANCHORED RETAIL LOCATION

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    Purpose-built Walmart Neighborhood Market serving daily needs (grocery, pharmacy), positioned within a dominant retail node alongside Lowe’s and national tenants

LONG-TERM LEASE WITH EMBEDDED GROWTH

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    9 years remaining on the initial term plus 12 × 5-year options (60 years) with 5% rent increases each option period, creating a predictable long-term cash flow profile

Take the next step on this property

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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.