Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. It operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. The company operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites, such as and, as well as mobile commerce applications. It offers grocery products, including meat, produce, natural and organics, deli and bakery, dairy, frozen foods, alcoholic and nonalcoholic beverages, floral and dry grocery, as well as consumables, such as health and beauty aids, baby products, household chemicals, paper goods, and pet supplies; and health and wellness products, which include pharmacy, optical services, clinical services, over-the-counter drugs, and other medical products.

The company also provides electronics, cameras and supplies, photo processing services, cellular phones, cellular service plan contracts and prepaid service, movies, music, video games, and books; stationery, automotive, hardware and paint, sporting goods, and outdoor living and horticulture, as well as fabrics, crafts, and seasonal merchandise; apparel for women, girls, men, boys, and infants, as well as shoes, jewelry, and accessories; and home furnishings, housewares and small appliances, bedding, home decor, and toys. In addition, it offers fuel and financial services and related products, including money orders, prepaid cards, wire transfers, money transfers, check cashing, and bill payment. In addition, it offers brand name merchandise, including hardgoods, softgoods, and selected private-label items, such as Member’s Mark. It operates 11,593 stores under 63 banners in 28 countries and e-commerce Websites in 11 countries. Wal-Mart Stores, Inc. was founded in 1945 and is headquartered in Bentonville, Arkansas.

  • Real Estate Profile
  • Company Profile
  • Stock Charts
  • News
S&P Rating: AA

S&P Outlook: Stable

Moody Rating: Aa2

Moody Outlook: Stable

Typical Lease Characteristics

Tenant Overview

Walmart operates various formats of retail stores offering a wide variety of items under roughly 63 different banners in 28 countries worldwide, including Walmart, Sam’s Club and Asda (UK). As of Oct 31, 2017, the company operated 11,703 total stores, including 4,752 Walmart stores in the US, 660 Sam’s Club warehouses in the US, and 6,291 locations internationally, as well as ecommerce sites in 11 countries.

As of Oct 31, 2017, Walmart operated 11,703 stores worldwide, including in the US and Puerto Rico: 402 Walmart Discount Stores, 3,552 Walmart Supercenters, 718 Neighborhood Markets and 80 other Small Formats, and 660 Sam’s Club stores; Internationally there were 6,291 stores.

In fiscal 2017, the company opened 111 Walmart stores in the US, including 73 small formats, and closed 13 stores; opened 9 and closed 4 Sam’s Club stores; and opened 64 net new stores internationally. During the first nine months of fiscal 2017, the company opened 203 and closed 200 stores.

As of year-end, in the U.S. Walmart owned 4,023 of the buildings in which discount stores operated and 561 of the buildings in which Sam’s Clubs operated (land on which stores are located is either owned or leased by the company). The remaining 649 stores and 99 clubs were leased. Internationally, the company owned 2,134 stores, while the remaining 4,229operating units were leased.

Walmart Supercenters average approximately 178,000 square feet, Discount stores average approximately 104,000 square feet, Small Format stores average approximately 41,000 square feet and Sam’s Clubs stores average approximately 134,000 square feet. International stores average approximately 59,000 square feet.


  • Public Company, Credit Rated
  • NNN lease eliminates landlord responsibilities
  • Typically Long term leases with increases


  • Typically low cap rates
  • Typically Flat Leases
  • Large spaces make it more challenging to re-tenant

Market Snapshots:

On Market Ranges:

# of Properties in set: 9

Price: $4,270,990 - $5,199,470Average: $4,642,382

PPSF: $30 - $40Average: $41

Year Built: 1982 - 2007Average: 1998

CAP Rate Range: 6.38% - 7.36%Average: 6.94%

Size range: 41,914 sq ft - 203,901 sq ft Average: 121,150 sq ft

Last 12 Month Range:

# of Properties in set: N/AV

Price: N/AV - N/AVAverage: N/AV

PPSF: N/AV - N/AVAverage: N/AV

Year Built: N/AV - N/AVAverage: N/AV

CAP Rate Range: N/AV - N/AVAverage: N/AV

Size range: N/AV - N/AV Average: N/AV

Walmart Similar Tenants

Walmart Company Profile

Headquarters Information

Bentonville, Arkansas

Founded in 1983

Company type: Public

Stock Ticker: WMT

Sector: Services

Industry: Discount, Variety Stores

# of Employees: 2,300,000

S&P Rating: AA

S&P Outlook: Stable

S&P Rating: Aa2

Moody Outlook: Stable

Walmart Stock Keys

Unable to open file