Walmart NNN Lease
1757 W Andrew Johnson Hwy Morristown, TN 37814
1757 W Andrew Johnson Hwy, Morristown, TN, 37814
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For Sale
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Single-tenant retail asset with corporate guarantee and long-term lease.
Property Size44,954 SF
Lot Size5.07 Acres
Days on Market1747
Property Features for 1757 W Andrew Johnson Hwy
General Information
- Standard status
- Active
- Size
- 44,954 SF
- Lot size
- 5.07 Acres
- Property subtype
- Retail
Listing Agency
Colliers - Los Angeles - Orange County, California
(949) 724-5561
Listed by
Eric Carlton · License #CA 01809955
Source
Crexi
Added: Oct 5, 2021 Checked: Jul 16 at 9:31 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Los Angeles - Orange County, California
Investment Insights
Based on property information with market context.
This single-tenant retail asset is 100% leased to Walmart Neighborhood Market under a NNN lease, backed by a full corporate guarantee from Walmart Stores Inc. The property includes a 44,954 square feet building on approximately 5.07 acres of land. Walmart is currently dark but paying full rent, with over 9.5 years remaining on a 15-year primary term. Constructed in 2015, the property has over 10.5 years remaining on the lease and four 5-year options. The property is located on Andrew Johnson Hwy, which sees over 20,600 vehicles per day, in the heart of Morristown’s retail and employment center. Nearby retailers include The Home Depot, Walgreens, Chick-fil-A, McDonald’s, Food City, Lowe’s, Ollie’s Bargain Outlet, and Dollar Tree.
Key Highlights
- NNN lease with 9.5+ years remaining, fully guaranteed by Walmart Stores Inc.
- Fee simple ownership of a 44,954 sq ft building on 5.07 acres.
- Located on Andrew Johnson Hwy (20,600+ VPD) in Morristown's retail and employment center.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Walmart Fuel Station
Gas Station
Similar For Sale Nearby
Similar Off Market Nearby
- Ingles Market — 3980 W Andrew Johnson Hwy, Morristown, TN 37814
FAQs
What type of property is this?
Grocery and convenience store - Single-tenant retail asset with corporate guarantee and long-term lease.
Where is this grocery and convenience store located?
The property is located at 1757 W Andrew Johnson Hwy Morristown, TN.
What are key features of this property?
This property features: NNN lease with 9.5+ years remaining, fully guaranteed by Walmart Stores Inc.; Fee simple ownership of a 44,954 sq ft building on 5.07 acres.; Located on Andrew Johnson Hwy (20,600+ VPD) in Morristown's retail and employment center.
