Walmart is the biggest retail market that provides many products for its customer. Walmart’s physical stores are spreading day by day, and now they have almost taken over the world. Their buildings are increasing in number these buildings are their great investment and show their business success. Let’s learn about ‘Does Walmart Own Their Buildings?’.
Does Walmart Own Their Buildings?
All of their physical stores or buildings that are far-reaching in the world are their property or not will be disclosed in this article.
The buildings of Walmart are located every little distance in America and are also in other countries of the world. Walmart is the largest business that is growing fast and its market level is high day by day. There are about 10500 Walmart stores all over the world. The Walmart property is divided into different shares.
Walmart is a family-owned business and more than 50 percent of the business property is owned by the Walton family. Walmart owns more than 4,697 out of 5,500 stores in the United States and more than 6,689 of its physical locations all over the world. Moreover, Walmart runs a real estate agency named Walmart realty, where they manage the properties and their expenditure records.
Walmart-owned buildings and their property are discussed further in detail in this article.
What provokes Walmart to own its buildings?
As a business needs attention and, of course, the calculation to run it smoothly, the main reason to own their buildings is to increase the size of their business in the world and capture their own business by itself to make it more efficient. Also, possessing their building is far better than paying the rents of their superstores.
Walmart owned stores in different countries
According to the research and calculation of July 2022, Walmart is the owner of more than ten thousand locations in the world. Where more than four thousand locations are Walmart stores in the United States and others are from different countries in the world. The names of some countries and the accurate numbers of the stores owned by Walmart are listed below;
- Walmart owns 402 stores in Canada.
- Walmart owns 289 stores in Costa Rica.
- Walmart owns 111 stores in Honduras.
- Walmart owns 28 stores in India.
- Walmart owns 263 stores in Guatemala.
- Walmart owns 4 stores in Kenya.
- Walmart owns 3 stores in Lesotho.
- Walmart owns 102 stores in El-Salvador.
- Walmart owns 385 stores in Chile.
- Walmart owns 2784 stores in Mexico.
- Walmart owns 5 stores in Namibia.
- Walmart owns 102 stores in Nicaragua.
- Walmart owns 5 stores in Nigeria.
- Walmart owns 362 stores in South Africa.
- Walmart owns 5335 stores in the United States.
- Walmart owns 11 stores in Botswana.
- Walmart owns 6 stores in Mozambique.
Walmart owned other properties
Besides Walmart owning their stores and their different buildings, also they purchase the land where their buildings are residing. They owned the area beside their stores to maintain the locations of their stores and make their locations look more perfect clean and pleasant areas to visit. Even Walmart introduced the policy of taking over more property than they required. So, in that way, they can be able to decide on their neighboring shops and enhance the ambiance of their building locations, and can get rid of other local shops and unpleasant businesses besides them. Walmart chooses quality brands and other shops or businesses to rent the area.
How much land property owned by Walmart?
Walmart possesses around about 75,000 acres of land or 117 square miles according to research from 2005, and we can say that it is equal to the size of the city of Philadelphia. From 2005 to 2022, there is a gap of 17 years and in this period Walmart’s growth doubled and owned many other properties or land all over the world, but there is no accurate figure for Walmart’s currently owned land.
Walmart Real Estate Agency
Walmart operates a real estate agency named Walmart Realty, where they sell properties, land, and old area, and rent their properties. They handle all of this selling or buying of their property. Walmart has trained the whole staff to maintain all activities of Walmart realty. Moreover, Walmart maintained a record of selling about 20 million square feet of property within a year.
Conclusion
Walmart is one of the most successful business companies in the world and owns about 50 percent of its buildings or property it can also be said, that it owns 75,000 acres of land in the United States. Out of their twelve thousand buildings all over the world, Walmart owns around 6700 of them.
Walmart is the fastest growing business and maintains the real estate agency of their property to buy and sell the property and make a profit.
Frequently Ask Questions (FAQs)
- Does Walmart sell houses or not?
Yes, Walmart sells houses and other properties and also rents properties.
- Another remaining property of Walmart is owned by whom?
Another property of Walmart is owned by their property partners from different countries.
- Who is the owner of Walmart Inc?
The Walton families are the owners of Walmart Inc.
