Alpine Income Property Trust Acquires Sam's Club for $15.4 Million

Group 1 - The company announced the acquisition of a 131,039-square-foot property net leased to Sam's Club in Houston, Texas, enhancing its presence in a high-growth market [1] - With this acquisition, Walmart becomes the company's fifth largest tenant, joining a portfolio that includes investment grade-rated tenants like Lowe's and Dick's Sporting Goods [1] - Sam's Club has been operating at this location for nearly 25 years, situated in a densely populated area with strong demographics, including an average household income of $111,000 and a population exceeding 300,000 within a five-mile radius [2] Group 2 - Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust focused on delivering attractive risk-adjusted returns and dependable cash dividends by investing in a diversified portfolio of single tenant net leased commercial properties [3]