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Florida & Gulf Coast  + Gulf Coast  + Retail  | 
JRW Realty has facilitated the acquisition of six Walmart Neighborhood Markets in LA for $84 million.

$84M Gets Six Single-Tenant Net-Leased Walmart Markets in Louisiana

JRW Realty has facilitated the acquisition of six Walmart Neighborhood Markets in LA on behalf of its client for a total price of $84 million.

Jennifer Rodriguez Ventura of JRW Realty facilitated the deal on behalf of an institutional buyer with a demand for specific net-leased properties. Alex Sharrin of JLL represented the seller.

All properties have single-tenant net leases in place and were acquired for individual prices ranging from $11.8 million to just under $16.5 million. The six stores are 43,000 square feet each and are located in the southern or coastal Louisiana towns of Meraux, Houma, Prairieville, New Iberia, Opelousas, and Thibodaux.

Walmart Neighborhood Markets were designed in 1998 as a smaller-footprint option for communities in need of a pharmacy, affordable groceries and merchandise.

“Our clients have specific criteria for purchasing real estate,” said JRW Realty president of single-tenant net lease Melinda Marston. “One such criteria is net-leased properties tenanted by creditworthy clients. These Walmart Neighborhood Markets fit that description.”

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JRW Realty's Marston

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition