$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.”