The 41,000-square-foot grocer opened Wednesday, along with a gas station and Walmart-to-go convenience store, at the corner of Nolte and Canoe Creek roads in St. Cloud.
Joyce Development had paid just under $1.2 million last June for the Walmart site. The new owner is Orlando shopping center developer Karam Duggal, who bought the property through an affiliate company as a long-term investment.
The city is in the process of replatting the remaining 10 acres of the retail site into seven parcels -- five of which are already under contract.
"We expect excitement and more activity generated by the opening of the Walmart Neighborhood Market store," listing broker Veronica Malolos told GrowthSpotter.
She said Joyce Development has contracts to buy lots No. 3, 6 and 7. They are currently in due diligence and scheduled to close June 30.