MARCUS & MILLICHAP BROKERS $18.4M SALE OF WALMART IN MOBILE

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MOBILE, ALA. — Marcus & Millichap has arranged the $18.4 million sale of a 200,084-square-foot Walmart Supercenter, located at 685 Schillinger Road S. in Mobile. The store was constructed in 1997 on a 6.7-acre parcel. Walmart recently extended its lease at the property through July 2028. Bob Horvath and Todd Tremblay of Marcus & Millichap’s Boston office represented both the seller, H&R Mobile LLC, and the buyer, Wells Ventures LLC. Eddie Greenhalgh of Marcus & Millichap’s Birmingham, Ala., office served as the Alabama broker of record in the transaction.

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