Building Details

Tenancy Single

Listing Agency: Colliers - Los Angeles - Orange County, California Show Phone

Listed By: Eric Carlton · License #CA 01809955

Source: Crexi

Added: Apr 10 Changed: Aug 10 Last Checked: Aug 21 at 4:17AM

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Investment Insights

Based on property information with market context.

This fee simple single-tenant grocery retail asset is fully leased to Walmart Neighborhood Market under a NNN lease, with a full corporate guarantee from Walmart Stores Inc. The new 20-year primary term expires in January 2035 and includes multiple option periods. Rental escalations are structured at 10% for options 1 and 2, followed by 5% escalations for options 3 and 4.

The property includes the newest Walmart Neighborhood Market building prototype and comprises 42,058 square feet on approximately 6.47 acres. It is positioned along Cypress Street within an established retail trade area that includes retailers and quick-service restaurants such as McDonald’s, CVS, Mac’s Fresh Market, Sonic Drive In, Walgreens, Burger King, Waffle House, Circle K, Shell, and Texaco. The site also offers convenient access and ample parking.

Key Highlights

• Single‑tenant retail asset on a NNN lease, 100% leased to Walmart Neighborhood Market
• Backed by a full corporate guarantee from Walmart Stores Inc (parent company)
• Fee simple (land and building) investment with a newest Walmart Neighborhood Market building prototype

Property Analytics

Property Profile

Current Use

Walmart Pet Services Kennel & Boarding Facility Walmart Baby & Nursery ... Social Service Agency Minute Key Locksmith Walmart Patio & Garden ... Landscaping Walmart Home Services Social Service Agency

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply HVAC Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

366

Businesses Nearby

245k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 50% Shops & Services 33% Groceries 17% Hotels & Casinos 1%

QuikTrip Shops & Services

47,479 visits/mo 0.2 miles

Walmart Neighborhood Market Groceries

41,496 visits/mo 0.1 miles

McDonald's Dining

25,753 visits/mo 0.2 miles

SONIC Drive In Dining

14,074 visits/mo 0.1 miles

Denny's Dining

14,027 visits/mo 0.2 miles

Demographics for 71291, LA

34,670

Population

15,290

Households

2.3

Avg Household Size

38

Median Age

31%

College-Educated

91%

High-School Grad

65.5 sq mi

ZIP Area

529

Density / Sq Mi

$69,012

Median Household Income

$46,127

Median Earnings

$974

Median Rent

$219,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Single-tenant retail building is 100% leased on a NNN structure to Walmart Neighborhood Market with a corporate guarantee.

Where is this grocery and convenience store located?

The property is located at 5251 Cypress St West Monroe, LA.

What are key features of this property?

This property features: Single‑tenant retail asset on a NNN lease, 100% leased to Walmart Neighborhood Market; Backed by a full corporate guarantee from Walmart Stores Inc (parent company); Fee simple (land and building) investment with a newest Walmart Neighborhood Market building prototype