Sam’s Club

Lowest
Cap Rate

4.75%%

Lowest cap rate over past 24 months

Average
Cap Rate

5.25%

12 mo avg with 5+ yr lease term

Overview

Sam’s Club stores are typically large-format buildings ranging from 120,000 to 140,000 square feet, situated on parcels of 10 to 15 acres. Most lease structures are corporate-guaranteed by Walmart Inc. and offer absolute NNN lease terms, typically lasting 15 to 20 years with 10% rent increases every 5 years. These sites often include fueling stations and are located in high-traffic retail corridors or adjacent to Walmart Supercenters.

Average Property & Lease

Average Sale Price	$15,000,000 – $22,000,000
Average NOI	$800,000 – $1,300,000
Building SF	120,000
Lease Term	15 Years
Escalations	10% Every 5 Years
Stock Symbol	NYSE:WMT

CREDIT RATING

S&P	AA
Moody's	Aa2

TENANT DESCRIPTION

Sam’s Club was founded in 1983 as a division of Walmart Inc., designed to compete in the wholesale membership warehouse space. Named after Walmart founder Sam Walton, the brand quickly expanded across the United States by offering bulk goods, private-label products, and services at discounted prices exclusively to members. Sam’s Club is now one of the leading players in the wholesale retail market alongside Costco and BJ’s, with thousands of employees and national buying power.

Founded	1983
Headquarters	Bentonville, AR, U.S.
Number of Locations	600
Revenue	$84 B
Company Website	https://www.samsclub.com
Key Principal	Kathryn McLay

Sam’s Club

Lowest Cap Rate

4.75%%

Average Cap Rate

5.25%

Overview

Average Property & Lease

CREDIT RATING

S&P

AA

Moody's

Aa2

TENANT DESCRIPTION

PROS

CONS

COMPANY QUICK STATS

Lowest
Cap Rate

Average
Cap Rate