Deltona, FL - Walmart Neighborhood Market

Description:

• The tenant has 10 years remaining on an original 20-year lease with 16 (5-year) options to extend
• The lease features 5% rental increases at the beginning of each option
• Signed lease by Walmart Stores East, LP
• With fiscal year 2024 revenue of $648 billion, Walmart employs approximately 2.1 million associates worldwide
• Walmart has a total of 781 neighborhood markets throughout the United States

• The asset is located at the signalized, hard corner intersection of Saxon Blvd and Merrimac Ln averaging 41,200 VPD
• Ideally located within a dense residential corridor
• Just East off I-4 (93,600 VPD), allowing users to benefit from on/off ramp access to the site and surrounding trade areas
• This location ranks in the 77th percentile (152 out of 679) of all Walmart Neighborhood Markets nationwide according to Placer.ai