Nineteen of these sites will be sold absolute to the last and highest bidder.
Lakeland, FL (PRWEB) June 11, 2007
Wal-Mart Realty, a division of Wal-Mart Stores, Inc. to sell 44 prime out-parcels in 19 states at public auction from June 11-June 26.
Located from Georgia to Idaho, these prime sites are adjacent to Wal-Mart Stores and Supercenters.
"Simply put, excess land provides value to our customers, other businesses and Wal-Mart. Customers benefit because excess land generally attracts restaurants, service businesses and other retailers that compliment and add convenience to our developments. Businesses that purchase our excess land realize the location is a draw for customers. Selling land adjacent to our stores allows Wal-Mart to reduce overall development costs; therefore lowering prices for our customers and bringing value to our shareholders," commented Scott Sill, Real Estate Manager, Wal-Mart Realty.
Wal-Mart Realty has again chosen the auction method of marketing to accelerate the sales of some of its excess properties. This year's auction is Wal-Mart's eighth in nine years. "While the auction is a regular part of our land sales plan, it represents only a small portion of Wal-Mart's available land for sale," stated Sill.
Roughly 300-400 parcels are available throughout the United States. Information on all of Wal-Mart's available land and buildings can be found online at http://www.wal-martrealty.com.
This year's auction sites range in size from a .65± acre pad site in Payson, Utah to a 35.7± acre development tract in Houghton Lake, Michigan. According to Higgenbotham Auctioneers Intl. President, Marty Higgenbotham, "Nineteen of these sites will be sold absolute to the last and highest bidder." The pad sites are prime locations for fast food restaurants, retail or service businesses, each benefiting from thousands of people visiting the sites daily.
Each sale will be conducted onsite by Higgenbotham Auctioneers International. The entire sales journey will span more than 8,900 miles.
Professionals, realtors, investors and individuals are invited to take part in this incredible opportunity to purchase prime commercial real estate at auction prices. Potential bidders are encouraged to contact Higgenbotham Auctioneers to receive a sales brochure and due diligence packages.
Founded in 1959, Higgenbotham Auctioneers International (HAI) utilizes the auction method of marketing to sell intellectual property and real estate throughout the United States and the world. Higgenbotham's success is attributed to the company's stellar track record in marketing unique properties and the firm enjoys continuing relationships with Fortune 500 clients such as Alcoa, Wal-Mart, and Albertson's Supermarkets, as well as many other publicly traded and closely held companies.
For more information on these properties or Real Time Internet bidding to be offered on all sales please contact Angie Poole at Higgenbotham Auctioneers (800) 257-4161 or visit our website at http://www.Higgenbotham.com.