What state is the Walmart location in, as referenced in the Crave Personal Guaranty of Lease?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
Tenant shall submit to Landlord a Certificate of Insurance for each insurance policy required under this document naming "Wal-Mart Stores, Inc., Attn: Asset Management, 2001 S.E. 10th Street, Bentonville, AR 72716-5525" as the Certificate Holder Additionally, each Certificate of Insurance must: (1) Be submitted to Landlord at the address provided in the preceding sentence; (2) Show the name and address of the Insurer; (3) Show the policy number and date(s) of coverage for each policy procured by Tenant in satisfaction of its obligations under this Lease; (4) Include the name, address, telephone number, and signature of the authorized person providing the Certificate of Insurance; (5) Verify the insurance coverage required in this document; (6) Where permitted by law, list as Additional Insureds Wal-Mart Stores, Inc., its Subsidiaries and its Affiliates, and the directors, officers, shareholders, employees, agents, and representatives, and the respective successors and assigns of each, and any party that Landlord has a contractual obligation to indemnify in relation to Tenant's use of the applicable Leased Premises; (7) Verify that Insurer waives subrogation in favor of Landlord and Landlord's affiliates and subsidiaries; (8) Verify the insurance policies are primary, non-contributory, and not in excess of any insurance the Additional Insured has available to it; and (9) Where permitted by law, provide coverage for punitive damages.
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
The 2025 Crave FDD mentions a Walmart location in the context of insurance requirements, but it does not specify which state this location is in. The FDD states that the tenant must submit a Certificate of Insurance naming "Wal-Mart Stores, Inc., Attn: Asset Management, 2001 S.E. 10th Street, Bentonville, AR 72716-5525" as the certificate holder. This address is for Walmart's headquarters.
While the address included in the FDD is located in Arkansas, this is simply the address to send the certificate of insurance. The FDD does not specify the state in which the actual Crave franchise location within Walmart would be located.
A prospective Crave franchisee should ask the franchisor directly where the Walmart location referenced in the Personal Guaranty of Lease is located to fully understand their obligations.