1757 W Andrew Johnson Hwy Morristown, TN 37814
Single-tenant retail asset with corporate guarantee and long-term lease.
Type:Retail
Property size:
44,954 SFLot size:
5.07 Acres- Added:
- Oct 5, 2021
- Days on Market:
- 1656
- Last Refresh:
- Mar 17 at 1:14 pm
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 agent Eric Carlton License #CA 01809955
Listing office Colliers - Los Angeles - Orange County, California
Listing date Oct 5, 2021
Source Crexi
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
Overview
Walmart NNN Lease Investment
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.
Location Intelligence
Current Use by Public Records
Walmart Fuel Station
Gas Station
Similar Places Nearby
- Ingles Market — 3980 W Andrew Johnson Hwy, Morristown, TN 37814
Location Insight
- Map
- Local Demand
- City
- Morristown
- County
- Hamblen
- State
- Tennessee
- Longitude
- -83.272149
- Latitude
- 36.225792
Nearby Similar for Sale
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.
