Sam's Club

Interested in selling your Sam’s Club NNN property or Sam’s Club ground lease property and wondering what you can get for it in today’s changing market?

Contact us for a complimentary broker opinion of value for your off-market Sam’s Club NNN property for sale or Sam’s Club ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the clarity needed to make informed decisions regarding the sale of your Sam’s Club NNN property or the inclusion of a Sam’s Club ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Sam’s Club properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.

Number of locations

As of 2023–2024, Sam’s Club operates approximately 600 warehouse clubs across the United States, including Puerto Rico. The average club is about 136,000 square feet and follows a membership-based wholesale model offering bulk goods, groceries, electronics, and business supplies. Sam’s Club was founded in 1983 and has grown into one of the largest warehouse club chains in the country.

Revenue and income

Sam’s Club generates more than $80–90 billion in annual revenue, making it a major division of Walmart Inc. Its financial performance has continued to grow steadily, supported by strong membership renewals, expanded product offerings, and increased digital shopping activity.

Future plans

Sam’s Club is undergoing significant expansion and modernization. The company has announced plans to open around 15 new clubs per year and remodel all existing locations to a more modern “club of the future” design. These remodels include upgraded layouts, improved technology, and enhanced omnichannel features such as curbside pickup, streamlined checkout, and expanded delivery services. The company is heavily focused on strengthening both its physical presence and digital capabilities to meet evolving customer expectations.

Corporate vs. franchise

Unlike many retail chains, Sam’s Club does not franchise its locations. All Sam’s Club stores are corporate-owned and operated under Walmart Inc. This allows for consistent branding, pricing, operational standards, and membership programs across all clubs nationwide.

Additional information Sam's Club Properties

1. Sam’s Club operates under a membership-only warehouse club model, serving both businesses and individual members.

2. In addition to large-scale retail goods, many Sam’s Club locations offer services like gas stations, pharmacies, optical centers, and other club amenities.

3. Sam’s Club carries its own private brand line called “Member’s Mark”, offering members access to curated, often lower-cost products as part of its value proposition.

Sam's Club History

Sam’s Club was founded in 1983 in Midwest City, Oklahoma, as a membership-only warehouse club designed to serve small business owners and everyday consumers seeking bulk products at competitive prices. Established by Walmart founder Sam Walton, the brand was created to offer value through low-cost merchandise, efficient operations, and a unique membership model. Over the decades, Sam’s Club expanded rapidly across the United States, introducing private-label products, specialty services, fuel centers, pharmacies, and advanced digital shopping options. Today, Sam’s Club operates hundreds of clubs nationwide and continues to innovate through enhanced technology, remodeled “club of the future” formats, and expanded omnichannel services, solidifying its position as one of the leading warehouse retail chains in the country.

Why Invest in Ground Lease and NNN Lease of Sam’s Club?

Investing in Sam’s Club ground lease and triple net (NNN) lease properties offers strong advantages for commercial real estate investors, especially those focused on stability, long-term income, and high-credit tenants.

1) Sam’s Club NNN Property Investment: Stable Income

As a division of Walmart Inc., Sam’s Club provides highly stable and predictable rental income. Ground and NNN leases typically span long terms, ensuring reliable cash flow backed by a nationally recognized, financially strong tenant.

2) Sam’s Club NNN Property Investment: Established, High-Credit Tenant

Sam’s Club is a well-established national brand with strong financial support from Walmart. This significantly reduces vacancy risk or lease default, making properties leased to Sam’s Club highly sought after by investors seeking credit-worthy tenants.

3) Sam’s Club NNN Property Investment: Low Management Responsibility

Under ground leases and NNN lease structures, Sam’s Club is responsible for most or all property expenses, including maintenance, repairs, taxes, and insurance. This minimizes landlord involvement and makes these properties ideal for passive investors.

4) Sam’s Club NNN Property Investment: Favorable Long-Term Lease Terms

Sam’s Club leases often include long initial terms with built-in rent escalations, providing predictable income growth over time. These lease structures are especially attractive for 1031 exchange investors who need long-term stability.

5) Sam’s Club NNN Property Investment: Strong Real Estate Value

Sam’s Club locations are typically situated in high-traffic retail corridors, often anchored in major shopping centers. These strategic sites support strong underlying real estate value and potential long-term appreciation, even if the tenant ever vacates.

Pros and Cons of Sam’s Club Ground Lease and NNN Lease Investment

Pros:

1. Sam’s Club provides stable income due to its strong national brand and Walmart-backed credit.

2. The established tenant reduces vacancy risk and chances of lease default.

3. NNN and ground leases offer minimal management responsibilities for landlords.

4. Long-term leases provide predictable cash flow and scheduled rent increases.

5. Locations are typically in high-traffic retail areas, supporting strong real estate value and potential appreciation.

Cons:

1. There is lease renewal risk at the end of the term if Sam’s Club chooses not to extend.

2. Performance depends on Sam’s Club’s operational success and retail market conditions.

3. Large-format properties often come with higher purchase prices, limiting investor accessibility.

4. Landlords have limited control over property decisions due to NNN and ground lease structures.

5. Economic changes, interest rates, and market fluctuations can impact investment returns.

Thorough due diligence regarding location quality, lease structure, tenant credit, and long-term investment objectives is essential. Consulting with experienced NNN advisors and financial professionals can help align the investment with your goals and risk profile.

MarketWatch: Sam's Club