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JLL is pleased to offer for sale a Walmart ground lease located in Glendale, Arizona. The property is the anchor to Talavi Town Center, a high-performing shopping center within Glendale’s main retail trade area. Walmart has occupied Talavi Town Center since 1995 and constructed a larger 196,671 square foot Supercenter in 2008, demonstrating its strong performance and long-term commitment to this location. The ground leased premises spans 3.4 acres and includes the Grocery Market portion from Walmart’s 2008 building expansion.
This offering presents the opportunity to acquire a property with a passive ground lease structure and a committed, investment grade (S&P: AA), and industry leading tenant within a dynamic and growing Glendale market.
- Walmart is the anchor tenant to Talavi Town Center and has occupied the property since 1995
- Walmart built a new 196,671 square foot building in 2008 to accommodate for the growing Glendale population and high customer traffic volume
- Walmart is operating on a ground lease structure with over 7 years of primary term remaining and an investment grade (S&P: 'AA') corporate guaranty
- High-performing Walmart store with approximately 2.2 million annual customers
- Infill location within Glendale's major retail corridor