Walmart Buys Its Own Store in Farmingdale for $48M

27 February 2026

Walmart is best known for its sales, but it recently made a noteworthy buy on Long Island: itself.

The big-box retailer purchased its location at 965 Broadhollow Road in Farmingdale’s Republic Plaza for $48 million, Commercial Property Executive reported. The acquisition of the 220,000-square-foot building breaks down to $320 per square foot.

The seller was N.Y. MetLife Real Estate Investment, which has owned the property since 2014. The property came online nearly a decade earlier, opening as the largest Walmart on Long Island at the time.

When it debuted, the store was a mere 150,000 square feet. In 2020, however, the building was expanded by more than 62,000 square feet, transforming into a Walmart Supercenter. It makes up the vast majority of the 252,000-square-foot shopping center.

Buying its own real estate, rather than leasing, has become an increasing priority for Walmart, which today owns most of its stores. Recent acquisitions have included a store in Norwalk, Connecticut and an entire shopping center that housed a location in Pittsburgh’s Bethel Park suburb.

Other locations remain out of the company’s grasp for the time being. In 2023, Michael Batza’s Heritage Properties purchased a store in Linden for $55 million from Chris Maguire’s Cypress Equities and Terry Fancher and Sol Raso’s Stockbridge Capital Group. Walmart’s lease for its supercenter at the 186,000-square-foot building on a 14-acre lot in the affluent New Jersey suburb is for 20 years.

For the fiscal year that concluded at the end of January, Walmart opened a dozen stores and remodeled hundreds more. Four of its supercenters opened their doors in the fourth quarter alone.

Walmart boasts more than 10,000 stores across 19 countries in the world as of the end of its most recent fiscal year, including 111 stores and three supply chain facilities in New York, though it remains boxed out of New York City.

— Holden Walter-Warner