(Northbrook, IL- July 5, 2017) –- (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Sam’s Club Ground Lease located at 9464 Main Street in Woodstock, Georgia (Atlanta MSA) for $6,560,000.
The 16.95 acre Sam’s Club property is strategically located near the signalized intersection of Highway 92 and Main Street (80,000+ VPD). Highway 92 is a primary east-west thoroughfare in the area and experiences traffic volume in excess of 59,000 VPD. The surrounding area is densely populated with over 165,000 people living within five miles of the property. Retailers in the immediate area include Target, Lowe’s Home Improvement, The Home Depot, Kohl’s, and Big Lots.
The Sam’s Club ground lease has more than 17 years remaining and features a fueling station with 12 pumps. Sam’s Club is membership-only retail warehouse chain owned and operated by Walmart with over 660 locations in the United States. Walmart is an investment grade rated company (S&P: AA) and publicly traded on the New York Stock Exchange using the Symbol “WMT”.