Pegasus Investments Acquires Walmart Supercenter In Linden For $55M

Pegasus Investments has acquired a Walmart Supercenter in Linden, New Jersey for $55 million. The property is located at 1050 West Edgar Road and spans 14 acres. It features a 186,000 square foot building with a long-term lease to Walmart. This strategic location is in close proximity to transportation hubs and retail centers.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $55,000,000
• Address: 1050 West Edgar Road
• Market: Linden
• Acres: 14

The buyer, Pegasus Investments, represented by David Chasin & Chad Buelow, successfully acquired the property from Cypress Equities. The sale was facilitated by SRS National Net Lease Group, acting as the broker in the transaction. The property's size, prime location, and its long-term lease to Walmart make it an attractive investment opportunity for Pegasus Investments.