{"id":1004127184,"date":"2015-09-10T06:42:35","date_gmt":"2015-09-10T14:42:35","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=360579"},"modified":"2021-05-10T03:00:42","modified_gmt":"2021-05-10T11:00:42","slug":"taylor-mcminn-team-closes-walmart-market-sale-in-spartanburg-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/taylor-mcminn-team-closes-walmart-market-sale-in-spartanburg-2\/","title":{"rendered":"Taylor-McMinn Team Closes Walmart Market Sale in Spartanburg"},"content":{"rendered":"

By Adelina Osan, Associate Editor<\/em><\/p>\n

Spartanburg\u2019s Walmart Neighborhood Market was sold for $5.5 million after leading commercial real estate investment firm Marcus & Millichap<\/a>\u00a0arranged the sale of the property. The store located at at 203 Cedar Springs Road reaches a little more than 40,000 square feet.<\/p>\n

\"Marcus<\/a><\/p>\n

Marcus & Millichap<\/p>\n<\/div>\n

Don McMinn and Zach Taylor, vice presidents of Investments at Marcus & Millichap\u2019s Atlanta office, known as the Taylor-McMinn Team, represented the seller. The team has a portfolio of over 200 investment property assets in 25 states.<\/p>\n

\u201cWe were able to create broad exposure on our national platform, received strong interest, and generated multiple offers,\u201d said Don McMinn in a prepared statement. \u201cWe eventually closed at the list price with a cap rate in the upper fours, which is one of the lowest cap rates recorded to date for a Walmart Neighborhood Market. We previously sold another Walmart Market in Pensacola, Fla. and are currently marketing three more in South Carolina,\u201d McMinn added.<\/p>\n

The sold property is a brand-new Walmart Neighborhood Market that opened for business in July 2015 with a 20-year corporate-guaranteed triple-net ground lease.\u00a0The buyer is an all-cash 1031 exchange investor.<\/p>\n","protected":false},"excerpt":{"rendered":"

Marcus & Millichap team, formed by Don McMinn and Zach Taylor, closed a new sale in South Carolina for $5.5 million.<\/p>\n","protected":false},"author":735,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21742],"tags":[],"class_list":["post-1004127184","post","type-post","status-publish","format-standard","hentry","category-charlotte","category-latest"],"acf":[],"yoast_head":"\nTaylor-McMinn Team Closes Walmart Market Sale in Spartanburg - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/taylor-mcminn-team-closes-walmart-market-sale-in-spartanburg-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taylor-McMinn Team Closes Walmart Market Sale in Spartanburg\" \/>\n<meta property=\"og:description\" content=\"Marcus & Millichap team, formed by Don McMinn and Zach Taylor, closed a new sale in South Carolina for $5.5 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/taylor-mcminn-team-closes-walmart-market-sale-in-spartanburg-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-10T14:42:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T11:00:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Marcus-Millichap.jpg\" \/>\n<meta name=\"author\" content=\"Adelina Osan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/taylor-mcminn-team-closes-walmart-market-sale-in-spartanburg-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/taylor-mcminn-team-closes-walmart-market-sale-in-spartanburg-2\\\/\"},\"author\":{\"name\":\"Adelina Osan\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/423ceee57e2e9ef5e458c68f8a3aa615\"},\"headline\":\"Taylor-McMinn Team Closes Walmart Market Sale in Spartanburg\",\"datePublished\":\"2015-09-10T14:42:35+00:00\",\"dateModified\":\"2021-05-10T11:00:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/taylor-mcminn-team-closes-walmart-market-sale-in-spartanburg-2\\\/\"},\"wordCount\":197,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/taylor-mcminn-team-closes-walmart-market-sale-in-spartanburg-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/09\\\/Marcus-Millichap.jpg\",\"articleSection\":[\"Charlotte\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/taylor-mcminn-team-closes-walmart-market-sale-in-spartanburg-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/taylor-mcminn-team-closes-walmart-market-sale-in-spartanburg-2\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/taylor-mcminn-team-closes-walmart-market-sale-in-spartanburg-2\\\/\",\"name\":\"Taylor-McMinn Team Closes Walmart Market Sale in Spartanburg - 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