Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1985
Lease Type NNN
Current / Passing Rent
Lease Expiration 2026-01-31
Remaining Term 4 years, 7 months
Tenant Walmart
Building Area

Property Description

JLL is pleased to offer for sale a single tenant Walmart located in Aledo, IL. The Property is the anchor to a two-tenant grocery retail center and located with ease of access for the surrounding community at the intersection of Highway 94 & 17. Walmart is a dominant part of the community and has operated at the site since 1985, demonstrating its strong performance and long-term commitment to this location. This offering presents the opportunity to acquire investment-grade tenancy (S&P: AA) and industry-leading tenant with strong sales history and dominant market share.

Investment Highlights

The Property is leased to Walmart, the largest company in the United States with $524 billion in annual revenue and over 5,300 locations across the country.

Walmart has operated at this location since 1985, and in 2020 extended their lease another 5 years demonstrating their commitment to the location.

High performing store with 2020 sales in excess of $430/ft with certain sales excluded (i.e. tobacco etc.)

Aledo is a thriving Midwestern community in close proximity to the Quad Cities which encompasses many cities and towns and over 400,000 residents.

The Quad Cities is home to four Fortune 500 Companies, including the world headquarters of John Deere, as well as outstanding healthcare, defense manufacturing, aerospace, and food processing companies.


Last Updated Date: 26 Feb 2021
Pierce Owens
Pierce Owens
Senior Vice President
License details
TX - 510337
Donna Kolius
Donna Kolius, CCIM
Executive Vice President
License details
TX - 309164

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Last Updated Date: 26 Feb 2021

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