Walmart Shadow Center

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109 Commons Drive
Franklin, NC

Price: $5,635,000

Cap: 7.75%

NOI: $436,663

Building Size: 32,000 SF

Lot Size: 4.27 AC

Investment Highlights

WALMART SHADOW CENTER

• The subject property is a 32,000 square foot retail center shadow-anchored by a Walmart Supercenter in Franklin, NC

• Walmart is the primary Walmart Supercenter servicing Highlands, North Carolina

• Walmart has been in this location for 12 years | Walmart owns the Walmart

• Seasoned national tenant lineup

SEASONED NATIONAL TENANT LINEUP

• The shopping center is 96% leased and 60% of the GLA consists of strong national brands

• Average Tenant Tenure: 8 Years

• Leasing Momentum: 2 new leases executed in 2023

WALMART TO HIGHLANDS, NC

• This Walmart is the closest Walmart Supercenter to Highlands, NC

• Driving distance to major cities like Atlanta, Nashville, Charlotte, Greenville, and Charleston – Highlands is an extremely popular travel & leisure destination in the southeast

• Widely known as a summer retreat to escape the humidity, Highlands is filled with residents and visitors who come to enjoy year-round hiking, waterfall spotting, art, music, and top-tier dining and hospitality destinations

• Highlands is a popular location in the southeast to have a second home

• Due to the topography of the region, there are difficult barriers to entry to overcome, making it nearly impossible to build another Walmart Supercenter in town

SUPER-REGIONAL TRADE AREA

• Highlands is a highly regarded mountain town where many of the residents have vacation/Mountain homes and is a popular destination for travelers

• While franklin is outside of town, it is the closest Walmart to the heart of highlands

• This trade area draws from major metros such as Atlanta, Charlotte, Greenville, Nashville, and Raleigh/Duram

Zach Taylor

678-808-2780 | EMAIL >

Eric Abbott

678-808-2746 | EMAIL >

OFFERING MEMORANDUM

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