Walmart Neighborhood Market Lawton

Marcus & Millichap Brokers $54.9M Sale of Walmart Neighborhood Market Portfolio

by John Nelson

ATLANTA — Marcus & Millichap’s Atlanta office has brokered the $54.9 million sale of a portfolio of five Walmart Neighborhood Markets. Three of the stores are located in Roanoke, Va., one is in Lawton, Okla., and one is in Dell City, Okla. Russell Malayery, Drew Hines and Walter Chapman of Marcus & Millichap’s Atlanta office represented the buyer, a Florida-based private investor, in a 1031 exchange. The seller is a merchant developer. Tom Mann of Marcus & Millichap’s Tulsa, Okla., office is Marcus & Millichap’s broker of record in Oklahoma. Bryn Merrey of Marcus & Millichap’s Washington, D.C., office is the firm’s broker of record in Virginia. Wal-Mart Stores Inc. has a 20-year lease at all five stores.

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