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|Current / Passing Rent||
|Remaining Term||4 years, 11 months|
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.
•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.