Correction (2) to Wal-Mart Property Article on Tuesday
July 27 2017 - 06:47PM
Dow Jones News
Four Wal-Mart Neighborhood Markets locations in Tennessee were
sold recently for $11.8 million to $12.7 million each, and the
prices implied capitalization rates, a measure of yield, of 5.15%
to 5.25%. "Investors Buy Wal-Mart Neighborhood Grocery Sites in the
South," at 6:04 p.m. ET on July 25, incorrectly said $12 million to
$15 million with cap rates of 5.15% to 5.75% in the sixth
paragraph. Also, an earlier version of the correction incorrectly
said that the figures applied to three locations. (July 27,
2017)
(END) Dow Jones Newswires
July 27, 2017 18:32 ET (22:32 GMT)
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