Miscellaneous
Walmart | Brand New Next-Gen Market Store | 20-Year Ground Lease
1150 Industrial Drive, Crestview, FL 32539
Listing Price: $15,180,000
Cap Rate
5.00%
Tenant Name
Walmart
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
45,603
Lease Type
NNN Ground Lease
Rent Per Square Feet
$16.64
Investment Overview
Marcus & Millichap is pleased to present the Walmart Ground Lease in Crestview, FL.
Walmart | Brand New Next-Gen Market Store | 20-Year Ground Lease
Investment Highlights
- 20-Year Absolute NNN Ground Lease with No Landlord Responsibilities
- Investment Grade Credit Tenant (Rated 'AA' by S&P), Ranked #23 on Forbes Global 2000
- 2nd Largest Company in the World by Revenue ($681 Billion in 2025)
- Significant Capital Investment by Tenant to Build New Next-Gen Prototype Store with Liquor Store and Drive-Thru Pharmacy
- Brand New Construction, Large 8.55+/- Acre Parcel Includes Walmart Fuel Station and Convenience Store,
- Serving Over 64,000 Residents in Northwest Florida's "Hub City" and Rapidly Growing Trade Area
- Situated in One of Okaloosa County's Fastest-Growing Commercial and Residential Corridors
- Surrounded by Several Residential Developments with 3,000+ Homes
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director, Chief Revenue Officer- Southeast/Mid-Atlantic Division
Financing By
Miscellaneous
Walmart | Brand New Next-Gen Market Store | 20-Year Ground Lease
Listing Price: $15,180,000
Cap Rate
5.00%
Tenant Name
Walmart
Years Remaining On Lease
20.0
Guarantor
Corporate Guarantee
Rentable SF
45,603
Lease Type
NNN Ground Lease
Rent Per Square Feet
$16.64
Investment Highlights
- 20-Year Absolute NNN Ground Lease with No Landlord Responsibilities
- Investment Grade Credit Tenant (Rated 'AA' by S&P), Ranked #23 on Forbes Global 2000
- 2nd Largest Company in the World by Revenue ($681 Billion in 2025)
- Significant Capital Investment by Tenant to Build New Next-Gen Prototype Store with Liquor Store and Drive-Thru Pharmacy
- Brand New Construction, Large 8.55+/- Acre Parcel Includes Walmart Fuel Station and Convenience Store,
- Serving Over 64,000 Residents in Northwest Florida's "Hub City" and Rapidly Growing Trade Area
- Situated in One of Okaloosa County's Fastest-Growing Commercial and Residential Corridors
- Surrounded by Several Residential Developments with 3,000+ Homes
Investment Overview
Marcus & Millichap is pleased to present the Walmart Ground Lease in Crestview, FL.
Exclusively Listed By
Broker of Record
-
Ryan Nee
Executive Managing Director, Chief Revenue Officer- Southeast/Mid-Atlantic Division
Financing By
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