Walmart buys land to open first Venice store on Laurel Road
LQ Commercial, a Florida-based commercial real estate brokerage organization, bought 22 acres for Walmart in Venice, along with five other acquisitions across the state covering a combined total of 150 across for seven future Walmart stores, according to an LQ press release.
The brokerage organization purchased the Venice land, which is zoned for commercial use, for $20.8 million, and closed the deal in May, according to the Sarasota County Property Appraiser. Although the purchased plot of land is zoned for commercial purposes, it's currently green space.
The store, once completed, will sit across the street from Laurel Nokomis School and in close proximity to a Publix Super Market and Sarasota Memorial Hospital – Venice.
LQ Commercial said the six sites acquired on behalf of Walmart Stores had a combined value of $51.1 million.
The other Florida transactions included:
101.5 acres for two sites two sites along U.S. 331 in Freeport.
A 12.45-acre land lease at southeast corner Cherry Lake Road and State Road 466 in Lady Lake.
A 9.3-acre land lease at 3535 SE Maricamp Road in Ocala.
3.5 acres at Highway 98 and Henderson Beach Boulevard in Destin.
0.95-acres at 10193 County Line Road in Spring Hill.
'These demonstrate the retail giant's confidence in Florida's robust economy – and its consumer demand,' said LQ Commercial senior associate Peter Klein. 'Each represent a commitment to bring jobs and economic vitality to bourgeoning market."
Nearby Venice residents have voiced concern about traffic in the area from development that has followed the construction of Sarasota Memorial Hospital-Venice in late 2021.
Since April, Walmart has announced nationwide renovations. Three Walmarts in the Sarasota-Bradenton area are getting a facelift as part of the company's 'store of the future' campaign. The initiative will remodel 650 stores across 47 states and Puerto Rico, including 34 in Florida.
Walmart has invested over $1.6 billion in the past five years to upgrade stores in the state, it said. Earlier this year, Walmart announced one of the first locations in the United States to open with the new renovations is a Walmart Neighborhood Market in Santa Rosa Beach.
The average remodeling can take a few months, but the stores won't close during the renovations, according to Walmart's director of local communications, Lindsey Coulter. Remodeling could start and end by the end of year, but projected completion dates are subject to change based on construction schedules and other factors.
Sarasota, Bradenton and North Port have 11 total Walmarts.
Ella Thompson covers real estate and development for the Sarasota Herald-Tribune. Contact her at ethompson@gannett.com.
This article originally appeared on Sarasota Herald-Tribune: Walmart buys 22 acres to build first store in Venice city limits
Solve the daily Crossword
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Wayfair (W) Q2 Earnings: What To Expect
Online home goods retailer Wayfair (NYSE:W) will be announcing earnings results this Monday before market hours. Here's what you need to know. Wayfair beat analysts' revenue expectations by 0.7% last quarter, reporting revenues of $2.73 billion, flat year on year. It was a mixed quarter for the company, with an impressive beat of analysts' EBITDA estimates but a decline in its buyers. It reported 21.1 million active buyers, down 5.4% year on year. Is Wayfair a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Wayfair's revenue to be flat year on year at $3.12 billion, improving from the 1.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.33 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Wayfair has missed Wall Street's revenue estimates twice over the last two years. Looking at Wayfair's peers in the consumer internet segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Carvana delivered year-on-year revenue growth of 41.9%, beating analysts' expectations by 5.7%, and Amazon reported revenues up 13.3%, topping estimates by 3.4%. Carvana traded up 17% following the results while Amazon was down 8.2%. Read our full analysis of Carvana's results here and Amazon's results here. Investors in the consumer internet segment have had steady hands going into earnings, with share prices flat over the last month. Wayfair is up 18.5% during the same time and is heading into earnings with an average analyst price target of $54.52 (compared to the current share price of $65.20). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Yahoo
3 Growth Stocks to Invest $1,000 in Right Now
Key Points Amazon's core e-commerce business remains remarkably resilient and continues to dominate the global retail landscape. Nvidia remains the undisputed leader in supplying the advanced chips powering today's artificial intelligence revolution. Meta Platforms leads the social media landscape, operating three of the world's top-five most-used platforms and reaching 3.4 billion daily users. 10 stocks we like better than Nvidia › The last year has been a wild ride for many investors, with a huge swing down in the market in the spring before rocketing back up to today's highs. For investors who want to keep that momentum going, here are four growth-focused companies that would be a smart place to park $1,000. Amazon continues to dominate With all the tariff drama, it makes sense that investors have been a bit wary of Amazon (NASDAQ: AMZN) compared to its big tech rivals. I think this fear is overblown. Yes, the trade war between the U.S. and China could reignite, and this would definitely impact Amazon's business, but any disruptions would more than likely be temporary. The fact is, Amazon's e-commerce business is highly resilient, and I don't see its dominance meaningfully threatened. Amazon enjoys a moat that few companies in history have. It is hard to overstate how ingrained it is in the daily lives of consumers across the globe. And beyond its retail business, Amazon Web Services (AWS) -- the company's cloud service -- continues to thrive, growing rapidly in the age of artificial intelligence (AI); revenue was up 17% year over year in the first quarter of 2025. CEO Andy Jassy recently drove home the potential of AWS, saying in an earnings call, "before this generation of AI, we thought AWS had the chance to ultimately be a multi-hundred-billion-dollar revenue run rate business. We now think it could be even larger." Nvidia is still on top It's no secret that the most dominant company leading the most dominant industry is Nvidia (NASDAQ: NVDA). Data centers across the globe, especially those running today's most advanced AI models, are filled to the brim with the company's advanced graphics processing units (GPUs). Thus far, no other chipmaker managed to rival Nvidia when it comes to delivering the most advanced GPUs needed to power modern AI, and although competitors like Advanced Micro Devices have begun to make some headway, Nvidia is still miles ahead. It also has an incredible amount of capital -- dollars and people -- to deploy in defending its lead. While this would already be a substantial moat, Nvidia's CUDA architecture provides it with an incredible advantage. This is a key component, and although it's definitely talked about, it remains poorly understood by investors given its importance. Without going into too much detail, CUDA is essentially a software layer upon which most AI technology is built. If a company is already in Nvidia's ecosystem, switching to rival chips would require the overhaul of their entire workflow, making them unlikely to leave. As a result, Nvidia's ecosystem keeps clients loyal and willing to pay a premium. Meta Platforms dominates social media Meta Platforms (NASDAQ: META) is the undisputed leader in social media. Of the top five most used social media platforms in the world, Meta has No. 1, 3, and 4 in Facebook, Instagram, and WhatsApp. All told, its platforms are actively used by more than 3.4 billion people around the world on a daily basis. This massive user base continues to fuel massive growth for the tech behemoth. Its latest quarterly earnings showed a 22% jump in sales year over year (YOY) and a 38% jump in net income. To capitalize on its success, the company is investing aggressively in its future -- especially in AI -- where its enormous and engaged user base gives Meta a unique advantage. It has access to vast amounts of data to train its models and a captive audience to roll out its AI products to. And unlike some in the AI space, Meta also has the financial strength to continue investing even if the short-term return is less than stellar. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* Now, it's worth noting Stock Advisor's total average return is 1,036% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Meta Platforms, and Nvidia. The Motley Fool has a disclosure policy. 3 Growth Stocks to Invest $1,000 in Right Now was originally published by The Motley Fool
Yahoo
4 hours ago
- Yahoo
Shopping lists out, tax savings on: Florida's Back-to-School Holiday draws crowds
For the first time, Florida's Back-to-School Sales Tax Holiday runs all August, helping families save on supplies, clothes, and technology.
