Price: Negotiable
706 South Walton Blvd is currently occupied by First Horizon Bank through the merger of IBERIABANK on 7/1/2020. First Horizon Bank will execute a sale-lease back on approximately 5,711 rentable square feet including a drive-thru over a 10-year lease term. This provides a unique opportunity for an Investor or Owner-User to have an in-place income stream upon purchase with the ability to lease an additional 13,238 rentable square feet within the overall building. The remaining space is perfectly situated for up to four additional tenant suites.
Multi-tenant building anchored by First Horizon Bank neighboring the Walmart Home Office and 8W office building. The property is near a Walmart Supercenter and future 100-acre “destination park” slated to be completed in 2021, capping the end of the 8th Street corridor expansion project.
First Horizon to lease back 5,711 RSF upon sale
10-year lease at $15/SF with year 5 rent escalation
13,238 RSF of the building will remain available for lease by purchaser
RFP of terms upon request
