Walmart has signed a long-term lease to place one of its Neighborhood Markets in the site once occupied by a Wild Oats store in the Foothills Shopping Center at Juan Tabo and Menaul NE in Albuquerque, reports New Mexico Business Weekly
The 34,000-s.f. anchor site in the Northeast Heights’ center will be the nation’s largest retailer’s third grocery operation in Albuquerque.
The store is scheduled to open later this year. It will carry groceries and health and beauty products as well as a limited supply of general merchandise. Walmart debuted the smaller Neighborhood Market concept in 1998 and has fewer than 200 in the U.S.
Walmart Neighborhood Markets currently operate at 9600 Sage Road SW and 8511 Golf Course Road NW in the Duke City. There are seven Walmart Supercenters in the Albuquerque metro region and most encompass more than 200,000 s.f. Walmart Neighborhood Markets average 42,000 s.f. nationally, Business Weekly reports.
Lease terms were not disclosed.
In the photo above: Walmart Neighborhood Markets average 42,000 s.f.