Walmart Supercenter

Walmart Supercenter – Richmond, Virginia (Richmond MSA)

The Walmart Supercenter located in Richmond, Virginia presents a rare opportunity to acquire a net-leased, freestanding retail property backed by Walmart Inc., the largest and most recognized retailer in the world. This particular asset is located within the core of the Richmond metropolitan statistical area (MSA), a stable and economically diverse region known for its growth, governmental presence, healthcare systems, and regional transportation networks.

This Walmart Supercenter benefits from long-term lease stability, corporate-backed income, and a powerful demographic footprint that continues to evolve with population expansion, infrastructure investment, and urban redevelopment. With Walmart’s proven commitment to both its brick-and-mortar stores and its omnichannel evolution, this store represents not only a center of local commerce, but also a strategic logistics and distribution node as part of Walmart’s last-mile fulfillment ecosystem.

Net leased to Walmart Inc. under a long-term agreement with limited landlord responsibilities, the property offers highly predictable, inflation-resistant income with minimal operating risk. Located in one of the East Coast’s most historically significant cities—now a hub for modern commerce, higher education, healthcare, and government employment—this asset is well positioned for durable performance and long-term capital preservation.

Tenant Overview – Walmart Inc.

Walmart Inc. (NYSE: WMT) is a publicly traded company with a global footprint and more than 10,500 stores across multiple formats in over two dozen countries. It is the world’s largest retailer by revenue and ranks as the No. 1 company on the Fortune 500 list. In the United States, Walmart operates over 4,600 locations, the majority of which are full-service Supercenters like the Richmond site.

Walmart’s reputation for consistent performance, strategic growth, and customer loyalty make it one of the most attractive and dependable tenants in the commercial real estate space. Their real estate strategy has historically favored long-term occupancy, and they have demonstrated a strong commitment to existing locations—particularly those in growing, mid-market cities like Richmond.

Key financial and operational highlights:

• $600+ billion in annual global revenue
• Serves more than 240 million customers weekly
• Employs over 1.6 million people in the U.S. alone
• No. 1 grocery retailer in the United States
• Ranked AA by Standard & Poor’s for credit quality
• Expanding rapidly into healthcare, digital retail, fintech, and logistics

As a net lease tenant, Walmart offers an unmatched combination of tenant stability, creditworthiness, and operational resilience—making its Supercenter leases among the most sought-after in the single-tenant net lease (STNL) market.

Lease Structure – Long-Term Net Lease

The Richmond Walmart Supercenter is governed by a long-term net lease directly with Walmart Inc., the corporate parent. The lease structure offers an attractive, hands-off investment profile for private investors, institutions, and family offices alike. Key characteristics include:

• Tenant responsible for taxes, insurance, and common area maintenance
• Minimal or no landlord obligations for capital items (subject to lease terms)
• Lease includes corporate guaranty from Walmart Inc.
• Designed for passive, predictable income and high renewal probability
• Strong hedge against inflation through fixed or escalated base rent

These lease agreements reflect Walmart’s commitment to operational continuity and long-term site-level performance. Their track record of renewing and maintaining key Supercenter locations over multiple decades provides significant downside protection for landlords and long-term capital allocators.

Market Overview – Richmond, Virginia

Richmond is the capital city of Virginia and a critical economic and cultural center for the Mid-Atlantic region. As one of the oldest cities in the country, it has evolved into a modern, diversified metro area with strong public and private sector employment, a flourishing healthcare and education system, and a rapidly developing tech and logistics economy.

Located at the intersection of Interstates 95 and 64, Richmond is a natural transportation hub for the East Coast. It is equidistant from Washington, D.C., and Raleigh, North Carolina, giving it direct access to over 10 million people within a two-hour drive.

Economic drivers include:

• State government: Major employer with thousands of public sector jobs
• Higher education: Virginia Commonwealth University (VCU), University of Richmond
• Healthcare: VCU Medical Center, HCA Virginia, Bon Secours Health System
• Finance and legal: Capital One, Wells Fargo, and multiple law firms and insurance carriers
• Logistics and distribution: Proximity to the Port of Virginia and several FedEx/UPS hubs
• Technology and startups: Strong VC and tech ecosystem supported by Richmond’s affordability and talent base

The metro area’s GDP continues to outpace national averages for similar-sized markets, making Richmond one of the most resilient and attractive secondary MSAs in the United States.

Demographic Profile – Surrounding Trade Area

The Walmart Supercenter is located in a densely populated corridor within the greater Richmond region. Within a 5-mile radius of the property:

• Population exceeds 180,000 residents
• Strong mix of income levels, averaging $70,000+ per household
• Diverse demographic makeup including families, working professionals, and retirees
• Significant student population from nearby universities
• Established housing stock, strong homeownership rates, and active new construction
• Employment base includes healthcare, education, logistics, and state government workers
• Daytime traffic supported by surrounding retail, medical, and office developments

Richmond is known for its steady, recession-resistant consumer base. Walmart’s combination of groceries, general merchandise, and pharmacy services makes it a high-frequency destination for both urban and suburban residents across income levels.

Property Overview – Freestanding Supercenter

Walmart Supercenters remain one of the most profitable and strategically important assets in the retailer’s global portfolio. The Richmond location offers the full Supercenter format and supports a wide range of retail and logistics functions, including e-commerce order pickup, grocery services, pharmacy operations, and seasonal retail.

Typical store attributes:

• 180,000 to 220,000 square feet of retail space
• In-store grocery department with bakery, deli, fresh produce, meat, and frozen sections
• General merchandise including apparel, electronics, home goods, toys, automotive, and pharmacy
• On-site pharmacy and health services with drive-thru capability
• Dedicated e-commerce pickup area and backroom logistics functions
• Ample surface parking and high ingress/egress capability
• Monument signage and excellent road visibility from primary retail arteries

This particular Supercenter is well-situated within a larger commercial corridor, with strong co-tenancy from other national retailers, banks, restaurants, medical offices, and neighborhood services. The site benefits from year-round, daily demand and plays an essential role in Walmart’s broader supply and distribution strategy in Virginia.

Walmart’s Evolution and Strategic Investments

As traditional retail continues to evolve, Walmart has remained a leader through technological investment, vertical integration, and consumer-focused enhancements. The company is committed to its physical footprint, having shifted strategy from expansion to reinvestment in existing Supercenters to ensure long-term sustainability.

Strategic growth areas include:

• Walmart+ subscription program competing directly with Amazon Prime
• Same-day grocery delivery and curbside pickup
• Healthcare initiatives with Walmart Health locations offering primary care
• Financial services expansion through fintech partnerships
• Renewable energy rollouts including solar panel deployments
• AI and robotics integration in inventory and customer service
• Micro-fulfillment centers and last-mile delivery operations embedded in stores

This Richmond location, like many other Supercenters, is likely to play a dual role as both a retail destination and a fulfillment node, providing last-mile capability in densely populated areas—a key component of Walmart’s omnichannel model.

Investment Summary

• Freestanding Walmart Supercenter in a core Mid-Atlantic market
• Long-term net lease with corporate-backed income stream
• No personal income tax in Virginia; favorable business environment
• Passive ownership structure, ideal for 1031 exchange buyers and institutions
• Densely populated and diversified consumer base in growing MSA
• Essential-service tenant with high renewal probability and irreplaceable location
• Aligned with Walmart’s long-term strategy of leveraging stores as digital and logistics infrastructure
• Real estate fundamentals supported by visibility, co-tenancy, and population trends

Conclusion

The Walmart Supercenter in Richmond, VA is a best-in-class net lease opportunity in one of the most historically stable and economically diverse markets on the East Coast. With its full-service retail offering, strategic location, and long-term tenancy from the world’s most successful retailer, the property offers a strong blend of cash flow, credit, and long-term positioning in a city undergoing meaningful growth and reinvestment.

For investors seeking essential-service tenancy, investment-grade credit, passive income, and long-term market viability, this Supercenter stands out as a cornerstone asset suitable for portfolio allocation, generational wealth preservation, or institutional acquisition.