{"id":1004188311,"date":"2017-08-24T03:34:24","date_gmt":"2017-08-24T11:34:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004188311"},"modified":"2022-12-08T16:24:19","modified_gmt":"2022-12-09T00:24:19","slug":"tn-walmart-portfolio-changes-hands-in-50m-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tn-walmart-portfolio-changes-hands-in-50m-deal\/","title":{"rendered":"TN Walmart Portfolio Changes Hands in $50M Deal"},"content":{"rendered":"<p>By Mihaela Coste<\/p>\n<div id=\"attachment_1004188312\" style=\"width: 285px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Walmart-Tennessee.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004188312\" data-attachment-id=\"1004188312\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tn-walmart-portfolio-changes-hands-in-50m-deal\/walmart-tennessee\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Walmart-Tennessee.jpg\" data-orig-size=\"275,270\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Walmart Tennessee\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Walmart-Tennessee.jpg?w=275\" class=\"wp-image-1004188312 size-full\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Walmart-Tennessee.jpg\" alt=\"Walmart Tennessee\" width=\"275\" height=\"270\" \/><\/a><p id=\"caption-attachment-1004188312\" class=\"wp-caption-text\">Walmart Tennessee<\/p><\/div>\n<p>NAI Rauch Weaver Norfleet Kurtz &amp; Co. represented the Mini-Ent organization in the acquisition of four Walmart stores located in Chattanooga, East Ridge, Murfreesboro and Knoxville, Tenn. The 175,964-square-foot portfolio situated on approximately 27.3 acres of land traded for $49.5 million.<\/p>\n<p>Senior Associate Frank Castoro, who\u00a0specializes in net-leased investments having credit-related tenants, represented the buyer in this transaction.<\/p>\n<h2><strong>E-Commerce Trade Sites<\/strong><\/h2>\n<div id=\"attachment_1004188313\" style=\"width: 285px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Frank-Castoro-Senior-Associate-of-NAI-Rauch-Weaver-Norfleet-Kurtz-Co..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004188313\" data-attachment-id=\"1004188313\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tn-walmart-portfolio-changes-hands-in-50m-deal\/frank-castoro-senior-associate-of-nai-rauch-weaver-norfleet-kurtz-co\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Frank-Castoro-Senior-Associate-of-NAI-Rauch-Weaver-Norfleet-Kurtz-Co..jpg\" data-orig-size=\"275,270\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;4&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;KODAK EASYSHARE M1033 DIGITAL CAMERA&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1199188832&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;9.7&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.0125&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Frank Castoro, Senior Associate of NAI Rauch Weaver Norfleet Kurtz &#038; Co.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Frank-Castoro-Senior-Associate-of-NAI-Rauch-Weaver-Norfleet-Kurtz-Co..jpg?w=275\" class=\"wp-image-1004188313 size-full\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Frank-Castoro-Senior-Associate-of-NAI-Rauch-Weaver-Norfleet-Kurtz-Co..jpg\" alt=\"Frank Castoro, Senior Associate of NAI Rauch Weaver Norfleet Kurtz &amp; Co.\" width=\"275\" height=\"270\" \/><\/a><p id=\"caption-attachment-1004188313\" class=\"wp-caption-text\">Frank Castoro, Senior Associate of NAI Rauch Weaver Norfleet Kurtz &amp; Co.<\/p><\/div>\n<p>The sites included in the portfolio were build-to-suit \u201cproto-type\u201d stores for Walmart, each of the assets offering approximately 44,000 square feet of space located on 7-acre sites with fuel stations. The properties were triple-net leased with a 15-year term plus 18 five-year options with rent increases during the initial term and options.<\/p>\n<p>\u00a0\u201cWalmart\u2019s plans for these sites to serve as a staging site for its e-commerce trade is very exciting. That, combined with its high credit rating, can feed the appetite of any lender leading to favorable loan terms and a solid investment,\u201d said Castoro, in a prepared statement.<\/p>\n<p>Florida-based NAI Rauch Weaver Norfleet Kurtz &amp; Co., a <a href=\"https:\/\/www.commercialsearch.com\/news\/tag\/nai-global\/\" target=\"_blank\" rel=\"noopener noreferrer\">subsidiary of NAI Global<\/a>,\u00a0is a full-service commercial real estate brokerage and property management firm with 50 years of experience in the field.<\/p>\n<p><em>Image courtesy of NAI Rauch Weaver Norfleet Kurtz &amp; Co.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The portfolio traded with help from NAI Rauch Weaver Norfleet Kurtz &amp; Co. and consists of four stores located Chattanooga, East Ridge, Murfreesboro and Knoxville.<\/p>\n","protected":false},"author":1192,"featured_media":1004188312,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,36077,21742,21749],"tags":[37343,37342,32917],"class_list":["post-1004188311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-nashville-knoxville","category-latest","category-retail","tag-mini-ent","tag-nai-rauch-weaver-norfleet-kurtz-co","tag-walmart"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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