Walmart recently opened its first Walmart Express store, in Arkansas, and it seems like the concept could be a welcome addition to the retail landscape, especially for landlords fighting a battle with vacancy problems.
At 15,000 square feet, the Express stores are obviously much smaller than their 100,000-square-foot Superstore counterparts and are geared toward urban areas and rural spots that aren't near supermarkets.
The retailer plans to open 12 by the end of the year. We're assuming the Arkansas opening is an example of a rural location and the two it will open in Chicago are the urban examples.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
