Correction to Wal-Mart Property Article on Tuesday

Features Dow Jones Newswires

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)

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(END) Dow Jones Newswires

July 27, 2017 18:32 ET (22:32 GMT)