NAI Secures $49.5 Million Sale of Walmart Neighborhood Market Portfolio in Tennessee

by Katie Sloan

Fort Lauderdale, Fla. — NAI Rauch Weaver Norfleet Kurtz & Co., a Fort Lauderdale affiliate of NAI Global, has arranged the $49.5 million sale of a four-store Walmart Neighborhood Market portfolio located in Chattanooga, East Ridge, Murfreesboro and Knoxville, Tennessee.

Frank Castoro of NAI represented the buyer, a series of special purpose entities (SPE). The sites were build-to-suit prototypes for the store and are triple-net-leased to Walmart Neighborhood Market for 15 years with 18 five-year options. Situated on a total of 27.3 acres, each site comprises approximately 44,000 square feet and includes a fuel station.

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