Walmart Supercenter

Purchase Price$28,900,000
Annual Rental Income$1,740,000
Cap Rate6%
Lease Term18 Years
CityRaleigh
Tenant: Walmart
Sector: Big Box
State: North Carolina

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Walmart Supercenter – Raleigh, North Carolina (Raleigh-Cary MSA)

The Walmart Supercenter in Raleigh, North Carolina represents an exceptional investment opportunity to acquire a single-tenant, net-leased property backed by Walmart Inc., the largest retailer in the world and a trusted Fortune 1 company. Located within the rapidly growing Raleigh-Cary metropolitan statistical area (MSA), one of the most dynamic and economically stable markets in the Southeastern United States, this Walmart Supercenter offers investors a secure income stream, passive ownership, and irreplaceable real estate fundamentals.

Raleigh is a city defined by growth, innovation, and stability. As the capital of North Carolina and a cornerstone of the Research Triangle region, it boasts a diverse economic base led by technology, healthcare, education, and public administration. The Walmart Supercenter in Raleigh is strategically positioned to serve both the city’s expanding residential population and the daily needs of its dense employment base. With a long-term lease structure backed by Walmart Inc. and minimal landlord obligations, this asset is ideal for high-net-worth individuals, institutional capital, and buyers seeking dependable cash flow with investment-grade credit.

Tenant Overview – Walmart Inc.

Walmart Inc. is the most recognized and dominant retail company globally. With more than 10,500 stores operating across 20+ countries, Walmart has secured its place at the top of the global retail hierarchy, including more than 4,600 stores in the United States alone. The company generates over $600 billion in annual revenue and maintains a consistently strong credit rating of AA from Standard & Poor’s.

Core features that distinguish Walmart as a tenant:

  • Ranked No. 1 on the Fortune 500 list
  • Creditworthy AA rating from S&P
  • Serves over 240 million customers globally each week
  • Over 1.6 million U.S.-based employees
  • Unmatched logistics, fulfillment, and supply chain infrastructure
  • Continued reinvestment in physical stores, healthcare services, and omnichannel integration

Walmart Supercenters represent the flagship retail format for the company. These stores offer a comprehensive range of goods and services under one roof, including groceries, pharmacy, electronics, apparel, home goods, seasonal items, and general merchandise. Walmart also continues to integrate financial services, mobile order fulfillment, and even healthcare through its Walmart Health expansion.

Lease Structure – Corporate Net Lease

The Walmart Supercenter in Raleigh is secured by a long-term, net lease directly guaranteed by Walmart Inc., providing maximum investment security and limited landlord responsibilities. Under a standard net lease structure:

  • Tenant pays for property taxes, insurance, and maintenance
  • Tenant handles all operational and utility expenses
  • Minimal landlord oversight or capital expense involvement
  • Often includes responsibilities for structural repairs, roof, and parking lot depending on lease terms

This lease type is highly favored by investors seeking stable, passive cash flow without operational complexity. Whether used as a 1031 exchange vehicle or part of a diversified real estate portfolio, Walmart’s corporate guarantee ensures dependable income over the long term.

Market Overview – Raleigh, NC (Raleigh-Cary MSA)

Raleigh is one of the most vibrant and economically resilient cities in the country. As the capital of North Carolina, it serves as the central pillar of the Research Triangle region, which also includes Durham and Chapel Hill. Known for its strong employment base, exceptional quality of life, and consistent population growth, Raleigh offers a uniquely attractive environment for real estate investment.

Key economic drivers include:

  • Research Triangle Park (RTP), one of the largest technology research hubs in the U.S.
  • Top-tier universities such as North Carolina State University, Duke University, and UNC-Chapel Hill
  • A thriving healthcare sector led by WakeMed Health, UNC Health, and Duke Health
  • A rapidly growing technology and startup ecosystem
  • Stable state government employment as the capital of North Carolina
  • Expanding infrastructure and public investment, including transit and greenways

Raleigh routinely ranks among the top U.S. metros for quality of life, business climate, and millennial in-migration. With a balanced blend of urban energy and suburban livability, it continues to attract businesses and residents from across the country.

Demographics and Consumer Profile

The Walmart Supercenter in Raleigh serves a dense and diverse trade area. Within a 5-mile radius:

  • The population exceeds 200,000 residents
  • Median household income is well above the national average
  • A blend of young professionals, families, and retirees
  • High levels of homeownership and a large renter base supported by tech jobs and universities
  • Consistent new residential development and strong household formation
  • Growing consumer demand for affordable, convenient retail anchored by essential services

The population growth in Raleigh is driven by both organic expansion and national migration. As one of the top destinations for former residents of the Northeast and Midwest, Raleigh attracts high-income professionals and remote workers seeking lower costs and better quality of life. These residents increasingly rely on Walmart for both daily essentials and value-driven bulk shopping.

Property Overview – Walmart Supercenter Format

Walmart Supercenters are purpose-built for efficiency, convenience, and high customer throughput. These large-format stores are designed to offer a comprehensive retail experience, typically featuring:

  • Approximately 180,000 to 220,000 square feet of retail space
  • Full-service grocery with fresh produce, bakery, meats, and dairy
  • On-site pharmacy and health & wellness sections
  • Electronics, seasonal goods, clothing, and automotive departments
  • Financial services such as check cashing and money transfers
  • Extensive on-site parking with dedicated ingress and egress
  • Prominent monument signage and visibility from major roadways
  • Access to public transit and high-volume commuter corridors

The Raleigh location is expected to benefit from surrounding commercial synergy, including other national retailers, fast food operators, banks, gas stations, and essential services. The area likely includes residential neighborhoods, multifamily developments, schools, and healthcare facilities, ensuring a consistent and reliable flow of customers.

Walmart’s Innovation Strategy and Long-Term Relevance

Walmart continues to evolve its business model to remain at the forefront of retail. Key strategic initiatives that reinforce the long-term viability of its Supercenter locations include:

  • Online grocery order and curbside pickup systems
  • Walmart Health expansion offering medical, dental, and behavioral services
  • Partnerships with fintech companies to offer in-store banking and digital wallets
  • Fulfillment and last-mile delivery from store locations
  • Smart inventory systems and AI-driven shelf management
  • Sustainability initiatives, including solar panels and electric vehicle infrastructure

These innovations make Walmart Supercenters more than just traditional retail—they are fulfillment hubs, healthcare destinations, and critical nodes in Walmart’s digital logistics network. In markets like Raleigh, which are defined by growth, education, and technology adoption, Walmart’s continued reinvestment ensures ongoing relevance and customer demand.

Investment Highlights

  • Long-term net lease with corporate guarantee from Walmart Inc.
  • Minimal landlord responsibilities—ideal for 1031 exchanges and passive investors
  • Located in Raleigh, NC – one of the most dynamic and fastest-growing markets in the Southeast
  • Strong demographics with high population density and income levels
  • Freestanding Supercenter format offering full-service grocery, pharmacy, and general merchandise
  • Strategically positioned in a dense retail corridor with strong visibility and access
  • Exceptional tenant creditworthiness and lease retention history
  • Potential for long-term value appreciation through embedded real estate value

Conclusion

The Walmart Supercenter in Raleigh, North Carolina is a rare opportunity to acquire a high-credit, low-maintenance net-leased investment in a premier growth market. Backed by Walmart Inc.’s AA-rated corporate guarantee, the property offers dependable income, passive ownership, and protection against economic volatility. The Raleigh market itself is a magnet for capital, people, and innovation, making this a future-proof location in every sense.

As retail real estate continues to evolve, Walmart remains an essential-service provider with unmatched relevance across economic cycles. The Supercenter format is a cornerstone of Walmart’s national strategy, and locations in markets like Raleigh are among the most valuable and defensible in the company’s portfolio.

Property details provided on this site are for general informational and illustrative purposes only. Specific availability and property status may change without notice. Please contact us to confirm current opportunities.