Wal-Mart to Sell 44 Properties in Nationwide Auction
Wal-Mart Realty, a division of Wal-Mart Stores, Inc. to sell 44 prime out-parcels in 19 states at public auction from June 11-June 26.
Located from Georgia to Idaho, these prime sites are adjacent to Wal-Mart Stores and Supercenters.
“Simply put, excess land provides value to our customers, other businesses and Wal-Mart. Customers benefit because excess land generally attracts restaurants, service businesses and other retailers that compliment and add convenience to our developments. Businesses that purchase our excess land realize the location is a draw for customers. Selling land adjacent to our stores allows Wal-Mart to reduce overall development costs; therefore lowering prices for our customers and bringing value to our shareholders,†commented Scott Sill, Real Estate Manager, Wal-Mart Realty.
Wal-Mart Realty has again chosen the auction method of marketing to accelerate the sales of some of its excess properties. This year’s auction is Wal-Mart’s eighth in nine years. “While the auction is a regular part of our land sales plan, it represents only a small portion of Wal-Mart’s available land for sale,†stated Sill.
Roughly 300-400 parcels are available throughout the United States. Information on all of Wal-Mart’s available land and buildings can be found online at www.wal-martrealty.com.
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