Walmart Acquires 1.3M SF Industrial Facility In Kings Mountain From The Keith Corp For $121.5M

The property involved in the transaction is an industrial asset located at 799 Sara Lee Access Road, Kings Mountain, NC. Spanning 163 acres, the asset was sold for a total price of $121,500,000. The facility consists of 1,300,000 square feet, with a price per square foot of $93.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $121,500,000
• Buyer: Walmart
• Seller: The Keith Corp.
• Date of Sale: 10/09/2025
• Square Footage: 1,300,000
• Price per Square Foot: $93
• Acres: 163

This transaction involved Walmart acquiring the Kings Mountain Corporate Center, with plans to utilize it for a $300 million distribution hub focused on large items by 2027. The project is bolstered by $14.7 million in local incentives, marking Walmart's second significant industrial acquisition in the Charlotte area to expand its fulfillment network.