Marcus & Millichap Brokers $54.9 Million Sale of Walmart Neighborhood Market Portfolio

by Katie Sloan

Atlanta — Marcus & Millichap’s Atlanta office has brokered the $54.9 million sale of a portfolio of five Walmart Neighborhood Markets.

Three of the stores are located in Roanoke, Virginia; one is in Lawton, Oklahoma; and one is in Dell City, Oklahoma.

Russell Malayery, Drew Hines and Walter Chapman of Marcus & Millichap’s Atlanta office represented the buyer, a Florida-based private investor, in a 1031 exchange. The seller is a merchant developer.

Tom Mann of Marcus & Millichap’s Tulsa, Oklahoma, office is Marcus & Millichap’s broker of record in Oklahoma. Bryn Merrey of Marcus & Millichap’s Washington, D.C., office is the firm’s broker of record in Virginia.

Wal-Mart Stores Inc. has a 20-year lease at all five stores.

You may also like