Business
Alpine Income Property Trust Acquires Property Anchored by Walmart and TJ Maxx for $20.7 Million
WINTER PARK, Fla., Nov. 20, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced the $20.7 million acquisition of three separately parceled properties (the “Properties”) located on 14 total acres in Richmond, Virginia. The Properties, totaling 177,441 square feet, are fully leased and anchored by a Walmart Supercenter (AA credit rating) situated on an 8-acre ground lease. The acquisition also includes a four-tenant, triple-net-leased building a
About this update from Lowe's Companies, Inc.
[{"type":"image","alt":"Alpine Income Property Trust","displaySize":"","headline":null,"caption":"Alpine Income Property Trust","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":108,"url":"https://media.zenfs.com/en/globenewswire.com/629346ca42470f5e2a600c5b1264d178"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/dWr.KNZXmz6Tg2tl7oVpaA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE1MTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/629346ca42470f5e2a600c5b1264d178","width":300,"height":108},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/dWr.KNZXmz6Tg2tl7oVpaA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE1MTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/629346ca42470f5e2a600c5b1264d178","width":300,"height":108}},"lazy":false},{"type":"text","content":"WINTER PARK, Fla., Nov. 20, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced the $20.7 million acquisition of three separately parceled properties (the “Properties”) located on 14 total acres in Richmond, Virginia. The Properties, totaling 177,441 square feet, are fully leased and anchored by a Walmart Supercenter (AA credit rating) situated on an 8-acre ground lease. The acquisition also includes a four-tenant, triple-net-leased building anchored by TJ Maxx (A credit rating) and an additional ground leased outparcel.","length":579,"tagName":"p"},{"type":"text","content":"With this acquisition, Walmart becomes the Company’s fourth largest tenant, joining a portfolio led by investment grade-rated tenants Lowe’s (BBB+ credit rating) and Dick’s Sporting Goods (BBB credit rating). The acquisition also introduces the Company’s first TJ Maxx-branded store within its portfolio. Following this transaction, approximately 50% of the Company’s annualized base rent is now attributable to investment-grade rated tenants.","length":448,"tagName":"p"},{"type":"text","content":"The property is located in a robust market trade area demonstrated by an average household income of $146,000 and population exceeding 200,000 within a five-mile radius.","length":169,"tagName":"p"},{"type":"text","content":"About Alpine Income Property Trust, Inc.","length":40,"tagName":"p"},{"type":"text","content":"Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive...