Matthews™ Completes All-Cash Sale of $30M Walmart Portfolio in GA and SC

TAMPA, FL— Matthews™, a commercial real estate investment services and technology firm, facilitated the sale of a Walmart Portfolio, located at 108 S Westover Blvd in Albany, Georgia, 801-AE General Stewart Way in Hinesville, Georgia, and 680 Old Greenville Hwy in Clemson, South Carolina. Matthews™ First Vice President and Associate Director Daniel Gonzalez, and Associates Princeton Douglass & Levi Veleanu represented the buyer in the $30,478,338 transaction.

 

The 124,197-square-foot portfolio is comprised of three single-tenant retail assets secured by long-term leases with Walmart, an investment-grade tenant with a high credit profile and market dominance. Because Walmart owns the vast majority of its real estate and often exercises its Right of First Refusal (ROFR) on leased locations, acquiring Walmart-leased properties presents a meaningful barrier to entry for buyers looking to avoid above-market exchange premiums.

 

Leveraging the firm’s proprietary database and institutional relationships, Matthews™ sourced a qualified institutional buyer within hours of learning of the seller’s intent to dispose of the assets. The publicly traded retail owner was attracted to the portfolio’s investment-grade stability and the rare opportunity to acquire multiple Walmart-anchored assets at market pricing to expand its high-quality holdings. The transaction allowed the seller, a private institutional multifamily owner, to facilitate a 1031 exchange into multifamily properties, aligning with their core business strategy. Despite the complexities of navigating varying ROFR timelines, the Matthews™ agents diligently maintained close coordination between both parties to ensure an all-cash, 40-day close that balanced the seller’s need for a quick timeline with the buyer’s focus on favorable pricing

 

“This was a high-stakes negotiation involving two institutional entities with deep market knowledge,” Gonzalez said. “I am incredibly proud of Douglass and Veleanu who displayed a level of persistence and sophistication that ensured this all-cash deal reached the finish line on an unbeatable timeline. It’s a testament to Matthews™ efforts of developing young talent and putting them in a position to execute for institutional-tier clients, proving that our firm’s energy and tech-driven approach consistently outperform traditional market expectations.”

 

For more information, please contact Daniel Gonzalez, Princeton Douglass, Levi Veleanu or visit www.matthews.com.

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.