Walmart New Hope MN

7600 49th Avenue North, New Hope, MN, 55428, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, has been exclusively retained to offer qualified investors the opportunity to purchase the Walmart Distribution Center in New Hope, MN. This investment represents a rare opportunity to acquire a stabilized, investment-grade distribution facility in one of the nation’s tightest industrial markets with significant embedded value creation through contractual rent increases and mark-to-market potential upon future lease renewals.

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Attributes

Building area net

10,710 sm

Occupancy

100%

Year built

2004

Clear height

9.75 m

WALT

3.2 years

Tenants

Media

Investment highlights

#1 Fortune 500 Company, 13 yrs in a row (S&P: AA) with $681B revenue in 2024
Mission-critical location and a regional store outfitting center servicing 400+ mile radius
Minneapolis industrial vacancy at just 4.5% vs. Midwest average of 5.4%
Strong rent growth with significant upside potential
Long-term income with high probability of renewal