Walmart NNN Lease
For Sale
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1757 W Andrew Johnson Hwy, Morristown, TN 37814
Single-tenant retail asset with corporate guarantee and long-term lease.
Property Size44,954 SF
Lot Size5.07 Acres
Days on Market1838
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
Occupancy
100%
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
Colliers - Los Angeles - Orange County, California
Listed By:
Eric Carlton · License #CA 01809955
(949) 724-5561
Source:
Crexi
Added: Oct 5, 2021
Changed: Oct 13
Last Checked: Oct 16 at 6:41AM
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
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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
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Current Use
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37814, TN
34,130
Population
15,287
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
88%
High-School Grad
43.9 sq mi
ZIP Area
777
Density / Sq Mi
$51,083
Median Household Income
$35,062
Median Earnings
$859
Median Rent
$192,200
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Food City — 1105 E Morris Blvd, Morristown, TN 37813
- Price Less Foods — 1707 E Andrew Johnson Hwy, Morristown, TN 37814
Frequently Asked Questions
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.
