# ![@jasonmiller15 Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::24962279.png) @jasonmiller15 Jason Miller

Jason Miller posts on X about closed, store, business, toys the most. They currently have [-----] followers and [---] posts still getting attention that total [---] engagements in the last [--] hours.

### Engagements: [---] [#](/creator/twitter::24962279/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::24962279/c:line/m:interactions.svg)

- [--] Week [-----] -17%
- [--] Month [------] +66%
- [--] Months [------] -20%
- [--] Year [-------] -70%

### Mentions: [--] [#](/creator/twitter::24962279/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::24962279/c:line/m:posts_active.svg)

- [--] Week [--] +44%
- [--] Month [--] -79%
- [--] Months [---] +130%
- [--] Year [---] +57%

### Followers: [-----] [#](/creator/twitter::24962279/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::24962279/c:line/m:followers.svg)

- [--] Week [-----] +0.03%
- [--] Month [-----] +0.26%
- [--] Months [-----] +2.10%
- [--] Year [-----] +11%

### CreatorRank: [---------] [#](/creator/twitter::24962279/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::24962279/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[stocks](/list/stocks)  57.43% [finance](/list/finance)  16.83% [cryptocurrencies](/list/cryptocurrencies)  6.93% [automotive brands](/list/automotive-brands)  3.96% [technology brands](/list/technology-brands)  2.97% [countries](/list/countries)  2.97% [fashion brands](/list/fashion-brands)  1.98% [social networks](/list/social-networks)  0.99% [luxury brands](/list/luxury-brands)  0.99% [financial services](/list/financial-services)  0.99%

**Social topic influence**
[closed](/topic/closed) #2348, [store](/topic/store) 16.83%, [business](/topic/business) 8.91%, [toys](/topic/toys) 7.92%, [in the](/topic/in-the) 7.92%, [to the](/topic/to-the) 6.93%, [cvs](/topic/cvs) 5.94%, [$cvs](/topic/$cvs) 5.94%, [space](/topic/space) #1659, [$aap](/topic/$aap) #10

**Top accounts mentioned or mentioned by**
[@sfarringtonbkc](/creator/undefined) [@capitalfang](/creator/undefined) [@donutshorts](/creator/undefined) [@2024dion](/creator/undefined) [@uhaul](/creator/undefined) [@toysrus](/creator/undefined) [@linkedin](/creator/undefined) [@mrneutralman](/creator/undefined) [@ellliotttb](/creator/undefined) [@moseskagan](/creator/undefined) [@jeffmacke](/creator/undefined) [@hunkydorytx](/creator/undefined) [@dirtdog](/creator/undefined) [@iononrecourse](/creator/undefined) [@studentrentpro](/creator/undefined) [@burlington](/creator/undefined) [@hunterlamun](/creator/undefined) [@pennsthershey](/creator/undefined) [@lancastercounty](/creator/undefined) [@thepicklr](/creator/undefined)

**Top assets mentioned**
[CVS Health Corp (CVS)](/topic/cvs) [Advance Auto Parts, Inc. (AAP)](/topic/$aap) [Walgreens Boots Alliance Inc (WBA)](/topic/$wba) [Burlington Stores, Inc. (BURL)](/topic/$burl) [Kohl's Corporation (KSS)](/topic/$kss) [Tractor Supply Co (TSCO)](/topic/$tsco) [JOANN Inc. (JOANQ)](/topic/joann-inc) [Amerco (UHAL)](/topic/$uhal) [Dollar Tree Inc (DLTR)](/topic/$dltr) [Sun Country Airlines Holdings, Inc. (SNCY)](/topic/$sncy) [O'Reilly Automotive Inc (ORLY)](/topic/$orly) [TJX Companies, Inc. (TJX)](/topic/$tjx) [Target Corporation (TGT)](/topic/$tgt) [Autozone Inc (AZO)](/topic/$azo) [Krispy Kreme, Inc. (DNUT)](/topic/$dnut) [Chipotle Mexican Grill, Inc. (CMG)](/topic/$cmg) [Harley-Davidson, Inc. (HOG)](/topic/$hog) [Costco Wholesale Corporation (COST)](/topic/costco) [Costco Hot Dog (COST)](/topic/$cost) [Tesla, Inc. (TSLA)](/topic/tesla) [Walmart, Inc. (WMT)](/topic/$wmt) [GoChain (GO)](/topic/$go) [Ollie's Bargain Outlet Holdings, Inc. Common Stock (OLLI)](/topic/$olli) [Floor & Decor Holdings, Inc. (FND)](/topic/$fnd) [SafeMoon (SFM)](/topic/$sfm) [Lowes Companies Inc (LOW)](/topic/$low) [MURPHY USA INC. (MUSA)](/topic/$musa) [Murphy Oil Corp. (MUR)](/topic/$mur) [Noble Corporation (NE)](/topic/$ne)
### Top Social Posts
Top posts by engagements in the last [--] hours

"The takeaway These newly announced CVS ($CVS) drugstore closures will not doom its real estate. Its first rate locations proximity to population key features and functional relevance will result in many unique adaptive re-use/re-tenanting opportunities"  
[X Link](https://x.com/jasonmiller15/status/1461455986103828482)  2021-11-18T22:07Z [----] followers, [--] engagements


"Jack in the Box $JACK announced today that it is acquiring Del Taco $TACO a [---] unit QSR chain. A key reason $TACO was a strong acq. candidate 99% of its restaurants feature drive-thrus. Drive-thrus have become one of the most important features of retail real estate. 🧵"  
[X Link](https://x.com/jasonmiller15/status/1468029125709508608)  2021-12-07T01:26Z [----] followers, [--] engagements


"4 yrs ago this week Walmart ($WMT) abruptly closed [--] Sams Clubs in the U.S. These closures vacated [--] MM sf of retail real estate. But just [--] yrs later the story is much different. Over 80% of the clubs have been re-tenanted & redeveloped. But the new uses may surprise. A high school career academy in Minnesota. A city hall in Stonecrest Georgia. An Airstream RV dealership in Arizona. A career services agency for the blind in Wisconsin. What do these properties have in common They were all once a Sams Club retail store. 🧵 https://t.co/zaslZnDh9t A high school career academy in Minnesota. A"  
[X Link](https://x.com/jasonmiller15/status/1482426854845911048)  2022-01-15T18:57Z [----] followers, [--] engagements


"Today's grand opening of Chipotle at our new Plymouth Marketplace located at corner of Ann Arbor/Haggerty Rds in Plymouth Twp MI. Several other tenants are coming soon - and rising in the background is the brand new Henry Ford Health Medical Center slated to open in the Fall"  
[X Link](https://x.com/jasonmiller15/status/1509687804493717504)  2022-04-01T00:23Z [----] followers, [--] engagements


"The newest Grocery Outlet $GO opened yesterday in Falls Church VA Unlike its other sites this location is in the mixed-use [---] at Tinner Hill project As the ground floor retail below [---] apartment units And a backfill of a 26K sf former Target $TGT that closed in 2023"  
[X Link](https://x.com/jasonmiller15/status/2022373510744601048)  2026-02-13T18:13Z [----] followers, [---] engagements


"Toys R Us filed for bankruptcy [--] years ago this week. It was the 3rd largest retail bankruptcy in U.S. history. All 725+ @ToysRUs stores closed for good. But its real estate has not remained vacant. Just [--] years later 90% of Toys R Us stores now have new tenants or uses. 🧵"  
[X Link](https://x.com/anyuser/status/1570419557864722433)  2022-09-15T14:29Z [----] followers, [--] engagements


"Floor & Decor $FND is saving millions by opening new stores in second use" sites: But these stores may not be as productive as repurposes by other retailers like Dollar Tree $DLTR and $OLLI On last week's Q3 [----] earnings call Floor & Decor CEO Tom Taylor noted that construction costs for the [--] new stores it is opening in [----] are $1.5 MM less than the amount spent to open [--] new stores in [----] One reason why Floor & Decor's reliance on "second use" sites rather than new ground up construction Taylor noted the retailers new store class of [----] will also benefit from lower costs and optimized"  
[X Link](https://x.com/jasonmiller15/status/1985346850941964573)  2025-11-03T14:02Z [----] followers, [----] engagements


"27 Kohl's $KSS stores closed in Spring [----] The most common reuse of these properties thus far has been as grocery stores Sprouts Farmers Market $SFM Lidl Whole Foods and now Asian grocer H Mart are all planning to repurpose former Kohls buildings https://open.substack.com/pub/jasonmiller15/p/27-kohls-stores-closed-in-2025-manyr=6haq0&utm_campaign=post&utm_medium=web https://open.substack.com/pub/jasonmiller15/p/27-kohls-stores-closed-in-2025-manyr=6haq0&utm_campaign=post&utm_medium=web"  
[X Link](https://x.com/jasonmiller15/status/2014463241859014896)  2026-01-22T22:20Z [----] followers, [---] engagements


"27 Kohl's $KSS stores closed in 2025; several of these properties are now becoming grocery stores Last Spring Kohls closed [--] stores of its leased Big Box stores Although these sites represented just 2% of the [----] Kohls stores they still resulted in [--] MM square feet of retail vacancy Much of this real estate however has been in demand by other tenants and users Some former Kohls properties are being converted into non-retail uses including as a warehouse in MA a school in Northern CA and a condo/hotel redevelopment in Napa Valley But the single most common reuse of these shuttered Kohls"  
[X Link](https://x.com/jasonmiller15/status/2015791352202568191)  2026-01-26T14:18Z [----] followers, [---] engagements


"63% of the 152K convenience stores in the U.S. are operated by companies w/10 or fewer locations With high construction costs and sites difficult to find some indep. operators have turned to existing buildings for adaptive reuse into c-stores and gas stations Like drugstores Many drugstores are located on high traffic 1-2 acre parcelsoften premier hard corners or signalized intersections with high traffic flow and good access They are typically set close to the street and feature prominent signage a dedicated parking field and even a drive thru Plus drugstores may represent some of the very"  
[X Link](https://x.com/jasonmiller15/status/2019049276278481059)  2026-02-04T14:03Z [----] followers, [---] engagements


"Bob's Discount Furniture $BOBS raised $330 MM in its IPO today This liquidity will now be paired w/the $350 MM term loan that it finalized last October And is likely result in additional store growth If Bob's can find the real estate The furniture retailer has added [---] stores over the past [--] years by opportunistically repurposing Big Box real estate vacated by other retailers Especially stores vacated by bankrupt retailers: Toys R Us sites now account for 10% of the [---] Bobs Discount Furniture stores in [--] states At least a dozen former Bed Bath & Beyond $BBBY spaces have already been"  
[X Link](https://x.com/jasonmiller15/status/2019478839085211656)  2026-02-05T18:30Z [----] followers, [---] engagements


"Allegiant Air $ALGT Is Acquiring Sun Country Airlines $SNCY Just Months After Exiting From Its Real Estate Development Projects: via @LinkedIn https://www.linkedin.com/pulse/allegiant-air-acquiring-sun-country-airlines-just-months-jason-miller-bt0ic https://www.linkedin.com/pulse/allegiant-air-acquiring-sun-country-airlines-just-months-jason-miller-bt0ic"  
[X Link](https://x.com/jasonmiller15/status/2012584814059122937)  2026-01-17T17:56Z [----] followers, [---] engagements


"Fast forward [---] years and $TSCO is now self-developing 50% of new stores that it opens each year Tractor Supply claims that it is saving 10% on new store projects by procuring materials at a lower cost and avoiding fees it previously paid to developers It then systematically sells the stores at "strong" cap rates Tractor Supply $TSCO announced changes to its real estate strategy: 1) Increasing from [--] new stores/yr to 90/yr w/3000 store target (up from [----] stores today) 2) Bringing new store development "in-house" to reduce cost improve timelines and lower rents 3) Planning"  
[X Link](https://x.com/jasonmiller15/status/2016971023472877827)  2026-01-29T20:25Z [----] followers, [---] engagements


"Tractor Supply CEO Hal Lawton commented that the Company is saving 10% by self-developing 1/2 of the [---] new stores it plans to open in [----] $TSCO may save even more on the other 1/2 of new store openings By repurposing 2nd generation space vacated by other retailers"  
[X Link](https://x.com/jasonmiller15/status/2017334518986797418)  2026-01-30T20:30Z [----] followers, [---] engagements


"Interesting and you very well may be right The other aspect is that in many markets non-anchored centers are of newer vintage and have more "credit type" users rather than solely the mom & pops in most grocery/neigbhorhood centers But I am not sure how much mark to market upside there is in these assets https://twitter.com/i/web/status/2022053485726806156 https://twitter.com/i/web/status/2022053485726806156"  
[X Link](https://x.com/jasonmiller15/status/2022053485726806156)  2026-02-12T21:01Z [----] followers, [--] engagements


"The average age of U.S. vehicles reached [--] years in [----] Older vehicles require more maintenance and repair Which may lead to increased demand for auto parts AutoZone $AZO OReilly $ORLY and Advance Auto Parts $AAP have shifted their real estate strategies in recent years to adjust to this new reality They are now developing more Hub stores which are 3-5x the size of standard stores Where have the auto parts retailers sourced the real estate for these Big Box Hub stores Mostly through the repurpose of 2nd generation real estate vacated by other retailers"  
[X Link](https://x.com/jasonmiller15/status/2008991810807353384)  2026-01-07T19:59Z [----] followers, [---] engagements


"Tractor Supply $TSCO is saving 20% by self-developing 1/2 of its new stores: Why the other 1/2 of new stores may cost even less yet be more productive: In July [----] Tractor Supply execs announced several changes to the Companys real estate strategy including: 1) Accelerate new store growth from [--] new stores/year to [--] stores/year 2) Establish an internal group to bring new store development in-house 3) Monetize its [---] owned stores and its to-be-developed future sites On last weeks Q4 [----] earnings call CEO Hal Lawton provided an update of sorts to this strategy shift $TSCO achieved the"  
[X Link](https://x.com/jasonmiller15/status/2018327638700343516)  2026-02-02T14:16Z [----] followers, [---] engagements


"@Mr_Neutral_Man Interesting b/c that implies significant upside to Kohl's rent went the space is ultimately re-tenanted as I believe the $KSS rent is in the low $30/sf range: https://x.com/jasonmiller15/status/1940787504887496754s=20 Kohls $KSS and Lowe's $LOW are unlikely losers in the bankruptcy of home goods retailer At Home Not due to impact to their retail operations But because they were "sublandlords" to At Home at [--] of the [--] stores that it is closing Kohl's was collecting $3MM+/year in https://x.com/jasonmiller15/status/1940787504887496754s=20 Kohls $KSS and Lowe's $LOW are unlikely"  
[X Link](https://x.com/jasonmiller15/status/2021955842250354809)  2026-02-12T14:33Z [----] followers, [--] engagements


"C-store chains are looking at many ways to acquire sites Including by acquiring existing vacant buildings Like a new Murphy Oil $MUSA planned in Michigan It is expected to take the place of a former Rite Aid drugstore"  
[X Link](https://x.com/jasonmiller15/status/2022315412986204216)  2026-02-13T14:22Z [----] followers, [---] engagements


"Advance Auto Parts execs noted on this morning's earnings call that the average cost to open a new Market Hub store is $2 MM But that varies depending on whether the new store is ground-up construction or in repurposed space Plus the lease rate for new construction is typically much higher than 2nd gen space which will impact store profitability $AAP can likely save millions--and generate more profitable stores--if it can find suitable 2nd generation space for the 10-15 Market Hubs it plans to open in [----] Advance Auto Parts $AAP reported strong Q1 results In large part due to the comp lift"  
[X Link](https://x.com/jasonmiller15/status/2022394019519615348)  2026-02-13T19:34Z [----] followers, [---] engagements


"@SFarringtonBKC @CapitalFang If this time is different for $AAP it may be in part due to a significant shift in its real estate strategy First the close of thousands of poor performing stores last year And now the increased focus on Big Box Market Hub stores in repurposed real estate Yesterday Advance Auto Parts $AAP opened its newest --and perhaps largest--"Market Hub" store in Stone Mountain GA In a [-----] sq ft Big Box space that had been previously occupied by Conns Home Plus $CONN The store is [--] of [--] Big Box Market Hub stores for the parts retailer https://t.co/DDP70g3yNg Yesterday"  
[X Link](https://x.com/jasonmiller15/status/2007904915600166930)  2026-01-04T20:00Z [----] followers, [---] engagements


"@SFarringtonBKC @CapitalFang Trueand it doesnt help that its formidable competitors $AZO and $ORLY have been pursuing a similar real estate strategy (with a big head start) Some analysts predict that tariffs on imported autos may lead to the "Cubanization" of the US auto fleet In other words that consumers will own cars for longer - and spend more $ to maintain them Which may benefit auto parts retailers $AZO $ORLY and $AAP And real estate https://t.co/PcVebyjdnk Some analysts predict that tariffs on imported autos may lead to the "Cubanization" of the US auto fleet In other words that"  
[X Link](https://x.com/jasonmiller15/status/2007906441290805753)  2026-01-04T20:06Z [----] followers, [---] engagements


"The largest H Mart grocery store in CA was announced to be coming to the Pacific Commons center in Fremont CA The 100K sq ft [--] story supermarket will include a food hall entertainment ctr restaurants and a bar It will be located in a repurposed former Kohl's $KSS store"  
[X Link](https://x.com/jasonmiller15/status/2014701848330920140)  2026-01-23T14:08Z [----] followers, [---] engagements


"Barnes & Noble opened over [--] new stores in 2025; 1/3 of these sites were backfills of suites vacated by recently bankrupt retailers such as Bed Bath & Beyond Party City and Joann B&N is planning [--] additional new store openings in [----] most in 2nd gen retail space Including [--] stores that opened just this month: One is a backfill of a vacated Party City space in Strongsville OH and another is in a former Bed Bath store in Katy TX https://twitter.com/i/web/status/2016517370114724096 https://twitter.com/i/web/status/2016517370114724096"  
[X Link](https://x.com/jasonmiller15/status/2016517370114724096)  2026-01-28T14:23Z [----] followers, [---] engagements


"CVS ($CVS) announced today that it is closing [---] locations over the next [--] years. That accounts for apx 10% of its freestanding drugstores nationwide. Walgreens ($WBA) has also closed [---] stores since [----]. So what happens to the real estate when the drugstores leave 🧵"  
[X Link](https://x.com/jasonmiller15/status/1461451752084017173)  2021-11-18T21:50Z [----] followers, [---] engagements


"A high school career academy in Minnesota. A city hall in Stonecrest Georgia. An Airstream RV dealership in Arizona. A career services agency for the blind in Wisconsin. What do these properties have in common They were all once a Sams Club retail store. 🧵"  
[X Link](https://x.com/jasonmiller15/status/1465007427376619523)  2021-11-28T17:19Z [----] followers, [--] engagements


"@DonutShorts @EllliotttB @moseskagan My list: 1) Class B/C Malls (500+ of them) 2) 70s/80s vintage 2-3 story multi-tenant office 3) 80s/90s vintage limited svc hotels A common thread These types do not convert well to other uses and do not work at anything high occ. b/c of large common areas/fixed oper costs"  
[X Link](https://x.com/jasonmiller15/status/1583121832290361351)  2022-10-20T15:43Z [----] followers, [--] engagements


"@DonutShorts @JeffMacke I've been told by several lenders that one of the first things they now do when evaluating whether to quote a new CRE loan is to do a quick Google search to check the history of reported crime at the property esp. for multifamily and retail"  
[X Link](https://x.com/jasonmiller15/status/1592930435906310144)  2022-11-16T17:19Z [----] followers, [--] engagements


"7 yrs ago this week sporting goods retailer #SportsAuthority filed for #bankruptcy. All [---] of its #BigBox #retail stores (18 MM+ sf) closed. But now 95% of its sites have new tenants or new uses. Here's a thread on [--] interesting backfills of the Sports Authority space:🧵"  
[X Link](https://x.com/jasonmiller15/status/1630318982996606982)  2023-02-27T21:28Z [----] followers, 17.6K engagements


"Real estate musical chairs on a stretch of Mayfield Rd in Cleveland OH: Walgreens downsizes/relocates from a [-----] sf bldg into a [----] sf fmr Dairy Queen; DQ downsizes/relocates to a [----] sf drive thru; And the former Walgreens It becomes a Clean Express Car Wash"  
[X Link](https://x.com/jasonmiller15/status/1630688389467914240)  2023-02-28T21:56Z [----] followers, [----] engagements


"Large format home goods retailer at Home (avg store size: 100K sf) recently opened its 260th store at Home believes it can grow to [---] locations Most of its stores are in 2nd generation space that was vacated by Big Box retailers A whopping 30% of its stores are former Kmarts"  
[X Link](https://x.com/jasonmiller15/status/1644427310836117513)  2023-04-07T19:49Z [----] followers, [----] engagements


"Last week Monaco Indoor Karting opened up a new [-----] square foot location in New Jersey It features a high speed go-kart track for adults a junior track for kids an arcade warped wall obstacle challenge and even a snack bar The site's previous use It used to be a Kmart"  
[X Link](https://x.com/jasonmiller15/status/1653020671457337353)  2023-05-01T12:56Z [----] followers, [----] engagements


"Does Amazon currently have more dark grocery stores than operating locations There are [--] Amazon Fresh Grocery Stores currently operating in [--] states and DC But there are reportedly dozens of stores that have been fully built out but have yet to open for business Some have been in this condition for a year (or more) Most were #adaptivereuse of vacated Big Box stores; a few were new ground up projects [--] stores in the Minneapolis submkt have been recently marketed for sublease; [--] stores in Metro Detroit have been mostly built-out but have never been opened - and others in MD NY IL FL and NJ"  
[X Link](https://x.com/jasonmiller15/status/1669335374152302592)  2023-06-15T13:25Z [----] followers, [----] engagements


"The former 100K sf Kmart on [--] acres in Thousand Oaks CA was demolished last week After sitting vacant since [----] In its place IMT Residential will build 400+ apartments and 15K sf of retail But the interesting part of the story is why the bldg and site remained vacant for so long Shortly after Kmart closed Home Depot entered into a long term lease of the site through [----] At a reported annual rent of $1.8 MM+/yr It planned to scrape the old Kmart and build a new 97K sf store w/a 15K sf garden center But Home Depot's plan was denied by the City And it was so reviled that a ballot measure was"  
[X Link](https://x.com/jasonmiller15/status/1682468974276091906)  2023-07-21T19:13Z [----] followers, 30.5K engagements


"Configuration matters Of course size matters too But in #CRE #adaptivereuse the space layout is key Consider a 1980s-vintage grocery anchored shopping center in Metro Detroit that we at Grand Sakwa acquired a few years ago Only 50% occupied at the time there had been long-term vacancy concentrated in the hard-to-see corner of the L-shaped center Demolishing this corner of the center would reduce its total square footage But it would also improve access and visibility add parking make the remaining space more attractive to potential tenants And ultimately result in a more valuable property"  
[X Link](https://x.com/jasonmiller15/status/1708181330410791028)  2023-09-30T18:05Z [----] followers, 20.5K engagements


"@HunkyDoryTX Actually the drugstore conversions have been going on for many years already. But w/closures now increasing drugstore adaptive reuse will accelerate And more unique uses will take the space Like a car wash Harley Davidson dealership shoe store pet supplies etc"  
[X Link](https://x.com/jasonmiller15/status/1736839628085162286)  2023-12-18T20:03Z [----] followers, [----] engagements


"@2024dion Megachurches have certainly transformed real estate Particularly w/adaptive reuse The Big Box retail to megachurch conversion is in the hundreds and the transformations are quite impressive: https://x.com/jasonmiller15/status/1785665356066910391 These Former Big Box Retail Buildings Now Serve A Higher Calling There are [----] megachurches (w/2000+ members) in the U.S. And as membership grows churches need larger spaces Like former Big Box retail bldgs Hundreds of churches are the product of Big Box adaptive reuse https://t.co/xMFIzuX09o"  
[X Link](https://x.com/jasonmiller15/status/1793290987978056092)  2024-05-22T14:41Z [----] followers, [----] engagements


"@2024dion Of course there are also adaptive reuse elementary school examples When Hobby Lobby and Price Chopper Supermarket closed a few years back in a Missouri #shoppingcenter there was concern about possible long-term vacancy But the space did not remain empty long North Kansas City (NKC) Schools acquired the side-by-side Big Box retail buildings and https://t.co/sj7GggQXIz When Hobby Lobby and Price Chopper Supermarket closed a few years back in a Missouri #shoppingcenter there was concern about possible long-term vacancy But the space did not remain empty long North Kansas City (NKC)"  
[X Link](https://x.com/jasonmiller15/status/1799231214487777697)  2024-06-08T00:05Z [----] followers, 18.1K engagements


"55 of Joann's store leases are now set to be assigned: Burlington Stores $BURL will acquire [--] Joann leases Other acquirers of Joann sites include Boot Barn $BOOT Natural Grocers $NGVC and Cavenders Western Wear The other [---] Joann stores will be available for lease Last week craft and sewing retailer Joann Inc. $JOAN filed for bankruptcy Again It is the retailer's 2nd BK filing in [--] years But this time the reorg of its business as a going-concern is very much in question And may leave the landlords of its real estate in the lurch It https://t.co/h6xTtUyynE Last week craft and sewing retailer"  
[X Link](https://x.com/jasonmiller15/status/1916915638515208270)  2025-04-28T18:01Z [----] followers, [---] engagements


"Carter's $CRI recently announced plans to close [---] stores It is just the latest blow to the baby and children's retail store industry Since [----] [----] baby stores have closed and [--] MM sf of selling space was vacated By Gymboree Babies R Us buybuyBaby Carter's and Children's Place $PLCE among others Where have these sales gone Perhaps to Amazon and other e-commerce players Well online sales of baby and childrens products did increase from $9.6 BB in [----] to $13 BB in [----] according to IBISWorld But the rapid growth in online baby products sales leveled off increasing only 2.3% in [----] A"  
[X Link](https://x.com/jasonmiller15/status/1983947576148705287)  2025-10-30T17:22Z [----] followers, [---] engagements


"The "Largest Car Dealership In The Largest Mall On The Planet" How The Former Sears At West Edmonton Mall Was Converted Into A Toyota Dealership [--] years ago Sears Canada vacated its 100K sf anchor space at the West Edmonton Mall But another retailer did not take its place Instead Triple Five Group owner of the [--] MM sf mall envisioned a unique adaptive reuse: A full service car dealership Triple Five approached Mayfield Toyota the oldest and largest Toyota dealership in Alberta to see if it would relocate to the former Sears space at the mall Mayfield Toyota was initially caught off guard by"  
[X Link](https://x.com/jasonmiller15/status/1990423335507808402)  2025-11-17T14:14Z [----] followers, [---] engagements


"On last weeks earnings call Burlington CFO Kristin Wolfe noted that $BURL increased its [----] target to [---] net new stores A key reason why The [--] store leases that it acquired from the Joann Fabrics bankruptcy in early 2025"  
[X Link](https://x.com/jasonmiller15/status/1995877757293899913)  2025-12-02T15:28Z [----] followers, [---] engagements


"Allegiant Air $ALGT is acquiring Sun Country Airlines $SNCY Hopefully a better use of shareholder capital than its foray into real estate development Allegiant Air $ALGT is now set to exit the real estate development business This time likely for good After spending 6+ years (and $700 MM) to develop Sunseeker Resort in FL the airline is now under contract to sell the 785-room property to Blackstone $BX for $200 MM https://t.co/ONXYJOv3RZ Allegiant Air $ALGT is now set to exit the real estate development business This time likely for good After spending 6+ years (and $700 MM) to develop"  
[X Link](https://x.com/jasonmiller15/status/2010472774872269262)  2026-01-11T22:03Z [----] followers, [---] engagements


"Allegiant Air $ALGT is acquiring Sun Country Airlines $SNCY Just months after it exited its foray into real estate development Years After Exiting Its Adaptive Reuse Big Box Real Estate Allegiant Air Is Now Selling The Florida Resort It Developed https://open.substack.com/pub/jasonmiller15/p/years-after-exiting-its-adaptiveutm_campaign=post-expanded-share&utm_medium=web https://open.substack.com/pub/jasonmiller15/p/years-after-exiting-its-adaptiveutm_campaign=post-expanded-share&utm_medium=web"  
[X Link](https://x.com/jasonmiller15/status/2010475303106408732)  2026-01-11T22:13Z [----] followers, [---] engagements


"@Dirtdog To be fair it is Krispy Kreme's largest shop--a [-----] square foot "doughnut hub" (and an adaptive reuse of a former CVS drugstore) $DNUT https://x.com/jasonmiller15/status/1988642093636768176s=20 Today Krispy Kreme $DNUT opened a new Minnesota store [--] years after it had left the state The 12K sq ft doughnut hub in the MSP suburb of Fridley is the Company's largest store And one of its most unique Because it is an adaptive reuse of a former $CVS drugstore https://t.co/E9cL0fFcfI https://x.com/jasonmiller15/status/1988642093636768176s=20 Today Krispy Kreme $DNUT opened a new Minnesota"  
[X Link](https://x.com/jasonmiller15/status/2010760717629280758)  2026-01-12T17:08Z [----] followers, [---] engagements


"Bob's Discount Furniture $BOBS is planning an IPO for later this year The furniture retailer has added [---] stores over the past [--] years by opportunistically repurposing Big Box real estate vacated Especially stores vacated by bankrupt retailers like Toys R Us Bed Bath & Beyond Party City and Sears HomeLife https://twitter.com/i/web/status/2012236470711456097 https://twitter.com/i/web/status/2012236470711456097"  
[X Link](https://x.com/jasonmiller15/status/2012236470711456097)  2026-01-16T18:52Z [----] followers, [---] engagements


"Last week craft and sewing retailer Joann Inc. $JOAN filed for bankruptcy Again It is the retailer's 2nd BK filing in [--] years But this time the reorg of its business as a going-concern is very much in question And may leave the landlords of its real estate in the lurch It was only [--] months ago that Joann filed for Chap [--] BK with a prepackaged plan to quickly emerge as a private company owned by its creditors Within six weeks Joann Inc. emerged from BK and: Reduced its debt from $1.1 BB to $505 MM Obtained $153 MM in new financing Fully paid employees vendors landlords and trade creditors"  
[X Link](https://x.com/jasonmiller15/status/1881415020216455197)  2025-01-20T18:54Z [----] followers, 11.1K engagements


"Now all [---] Joann stores are confirmed to be closing So who are the likely real estate beneficiaries of a Joann Inc. liquidation And what happens to Joanns retail landlords Last week craft and sewing retailer Joann Inc. $JOAN filed for bankruptcy Again It is the retailer's 2nd BK filing in [--] years But this time the reorg of its business as a going-concern is very much in question And may leave the landlords of its real estate in the lurch It https://t.co/h6xTtUyynE Last week craft and sewing retailer Joann Inc. $JOAN filed for bankruptcy Again It is the retailer's 2nd BK filing in [--] years But"  
[X Link](https://x.com/jasonmiller15/status/1894161266198867975)  2025-02-24T23:03Z [----] followers, [----] engagements


"At Home emerged from bankruptcy last month But it closed its Ypsilanti MI store Which means to that U-Haul $UHAL can now likely execute its plans for the site Which it had acquired in [----] as a covered land play👇 Why The At Home Bankruptcy May "Uncover" A U-Haul $UHAL Covered Land Play Savvy real estate brokers and investors are quick to point out a covered land play A strategy where a leased income-generating property is acquired on land that could be much more valuable in the https://t.co/jcpIfJpv1p Why The At Home Bankruptcy May "Uncover" A U-Haul $UHAL Covered Land Play Savvy real estate"  
[X Link](https://x.com/jasonmiller15/status/1987276068705784130)  2025-11-08T21:48Z [----] followers, [---] engagements


"Burlington Stores $BURL plans to open [---] new stores in [----] And 40% of these will be in sites vacated by bankrupt retailer Joann Fabrics The backfill of bankrupt retailer real estate is nothing new for Burlington: The Company has doubled its store count over the past decade by re-occupying real estate that was vacated by bankrupt retailers Burlington now operates stores in: [--] former Kmart buildings More than [--] Bed Bath and Beyond suites [--] former Toys R Us stores At [--] Sports Authority sites https://twitter.com/i/web/status/1996275141307674831"  
[X Link](https://x.com/jasonmiller15/status/1996275141307674831)  2025-12-03T17:47Z [----] followers, [---] engagements


"The Amazon Fresh grocery stores are closing Which means a return to the market for the [--] Big Box stores that $AMZN occupies That is because most Amazon Fresh sites are backfills of 2nd generation space vacated by other retailers like Kohl's Kmart Toys R Us and Office Depot"  
[X Link](https://x.com/jasonmiller15/status/2016220889478549575)  2026-01-27T18:44Z [----] followers, [----] engagements


"Recent eras of retail CRE development: 1960s: Neighborhood centers 1970s: Kmart/Walmart 1980s: Regional Malls 1990-2008: Big Box/Power Centers and drug stores 2010-2022: Outlot bldgs/QSR drive-thrus 2022-2030: Demolition and/or redevelopment of most bldgs built in previous eras"  
[X Link](https://x.com/jasonmiller15/status/1548677261020340227)  2022-07-17T14:33Z [----] followers, [--] engagements


"@iononrecourse @StudentRentPro Yes - [--] examples are #SportsAuthority and #ToysRUs: 95%+ of 460+ fmr 40K sf SA boxes are filled 90%+ of 725+ fmr 40K sf Toys boxes are filled In both cases 20% of sites were converted to non-retail uses incl. #selfstorage #fitness #automotive and #healthcarerealestate"  
[X Link](https://x.com/jasonmiller15/status/1636364580216623104)  2023-03-16T13:51Z [----] followers, [---] engagements


"Sometimes a #BigBox backfill does not work out The 46K sf Toys R Us in Springfield MO closed in [----] during bankruptcy Off-price retailer Gordmans quickly moved in just [--] yr later However Gordmans went bankrupt and liquidated in [----] emptying the Big Box It remains vacant"  
[X Link](https://x.com/jasonmiller15/status/1640451318669250562)  2023-03-27T20:30Z [----] followers, 15.2K engagements


"U-Haul may just be the G.O.A.T. in #adaptivereuse @uhaul estimates that 70% of its stores and storage facilities are the product of adaptive reuse a focus of its AMERCO real estate business Millions of the [--] MM sq ft of $UHAL #selfstorage space alone are in fmr Kmart bldgs"  
[X Link](https://x.com/anyuser/status/1642542556302004226)  2023-04-02T15:00Z [----] followers, [----] engagements


"Recent eras of #retail real estate development: 1960s: Neighborhood centers 1970s: Kmart/Walmart 1980s: Regional Malls 1990-2008: Big Box/Power Ctrs/drugstores 2010-2023: Outlot bldgs/QSR drive-thrus 2023- #adaptivereuse (or demolition) of buildings from previous eras"  
[X Link](https://x.com/jasonmiller15/status/1648750429017190405)  2023-04-19T18:08Z [----] followers, [----] engagements


"Yesterday the CEO of Dollar General revealed the Company's new "DG Forward" strategic framework The #1 focus of DG Forward Doubling down on serving rural customers 80% of the [-----] $DG stores serve communities with [-----] residents including many in rural America"  
[X Link](https://x.com/anyuser/status/1664711260292673538)  2023-06-02T19:11Z [----] followers, 22.7K engagements


"Burlington recently added its 1000th store And the @Burlington store count has nearly doubled in the past [--] years So where did $BURL find the real estate to add [---] new stores Largely from space vacated by bankrupt retailers: In fact 1/2 of net new stores over the past [--] years has come from real estate vacated by [--] bankrupt retailers: [--] former Kmart buildings [--] Bed Bath and Beyond spaces [--] Toys R Us stores [--] Sports Authority sites Burlington has also backfilled many stores once occupied by Sears Linens N Things and Circuit City CEO Michael O'Sullivan notes that the real estate of bankrupt"  
[X Link](https://x.com/anyuser/status/1831329983752446131)  2024-09-04T13:54Z [----] followers, [----] engagements


"How has OReilly Auto Parts $ORLY sourced real estate for [---] new store openings By repurposing former drugstores and vacant Big Box buildings For its 7K sf store prototype 14K sf hub stores and even 50K sf Super Hubs https://open.substack.com/pub/jasonmiller15/p/oreilly-auto-parts-is-repurposingr=6haq0&utm_campaign=post&utm_medium=web https://open.substack.com/pub/jasonmiller15/p/oreilly-auto-parts-is-repurposingr=6haq0&utm_campaign=post&utm_medium=web"  
[X Link](https://x.com/jasonmiller15/status/1982579672576844003)  2025-10-26T22:46Z [----] followers, [---] engagements


"@hunter_lamun Great question For sheer creativity I like the Rite Aid-to-Police HQ conversion in Lincolnton North Carolina https://x.com/jasonmiller15/status/1900593782602563686s=20 An interesting drugstore adaptive reuse: The former Rite Aid in Lincolnton NC was repurposed as the city's main police station It has designated training and exercise rooms separate spaces for the storage of records and evidence multiple interview rooms an armory and mens https://t.co/BFfoOuYE7u https://x.com/jasonmiller15/status/1900593782602563686s=20 An interesting drugstore adaptive reuse: The former Rite Aid"  
[X Link](https://x.com/jasonmiller15/status/2016175277622145465)  2026-01-27T15:43Z [----] followers, [---] engagements


"This fmr Rite Aid is now a multi-tenant strip ctr. [--] of the few multi-use #drugstore redevelopments. Why are so few multi-tenant Odd suite sizes dead space demise costs lack of parking and maybe the biggest issue: The high cost basis or price paid for the property"  
[X Link](https://x.com/jasonmiller15/status/1616876002822479872)  2023-01-21T19:10Z [----] followers, [----] engagements


"The $15 BB U.S. Car Wash mkt is growing fast. New ground-up conveyor belt washes are being developed by $MCW $DRVN and others. But not all conveyor belt washes are new construction. Like the Valet Auto Wash in Langhorne PA. It is a converted [-----] sq ft Toys R Us #BigBox"  
[X Link](https://x.com/jasonmiller15/status/1625242408362422272)  2023-02-13T21:16Z [----] followers, 22.7K engagements


"This former #ToysRUs in PA still serves children. Only now it takes care of them. The 47K sf building is now the Lancaster Pediatric Center operated by @PennStHershey. It offers [--] onsite medical and surgical specialties plus walk-in care for @LancasterCounty kids ages 0-18"  
[X Link](https://x.com/jasonmiller15/status/1629567211214864386)  2023-02-25T19:41Z [----] followers, [----] engagements


"Last month the @The_Picklr in Logan Utah celebrated its one year anniversary The [--] court indoor pickleball center opened in April [----] In a former @BedBathBeyond It is one of several fmr Bed Bath spaces that have been (or are currently being) converted to pickleball centers"  
[X Link](https://x.com/jasonmiller15/status/1656044572202418200)  2023-05-09T21:12Z [----] followers, [----] engagements


"475 Bed Bath & Beyond and buybuyBaby leases are being auctioned off next month Who are the likely buyers of these leases And what will they pay to assume them Leasehold auctions in other recent retail bankruptcies may provide some clues🧵"  
[X Link](https://x.com/jasonmiller15/status/1658579010761138178)  2023-05-16T21:03Z [----] followers, 26K engagements


"The former Bed Bath #BigBox space has been in demand Just look at the Q1 reports of shopping ctr REITS: $KIM: in LOI or lease neg on [--] of [--] BBB boxes at 24% higher rent spread $RPT: leased/in LOI on [--] of [--] at 30-40% rent spread $BRX: re-tenanted several BBB sites at 35-40% spread $SITC: reported 25-30% mark to mkt rent spread for its sites And [---] fmr Bed Bath and buybuyBaby leases are going to auction next month and have yet to even be rejected (and returned to Landlord)"  
[X Link](https://x.com/jasonmiller15/status/1661436779445075968)  2023-05-24T18:19Z [----] followers, [----] engagements


"Leading off price retailer $TJX operates [----] stores It opened [---] stores in [----] alone Including in many small and rural markets [--] new store openings of its flagship TJ Maxx concept in Nov/Dec [----] were in the following locations: Hollister CA (pop: 40000) Spencer IA (pop: 11000) Red Wing MN (pop: 17000) Calcutta OH (pop: 5000) and; King George VA (pop: 5000) The new small mkt stores were backfills of "2nd generation" real estate that had been vacated by #BigBox retailers Like the Staples-to-TJ Maxx conversion in Spencer IA pictured below"  
[X Link](https://x.com/jasonmiller15/status/1665691186269396992)  2023-06-05T12:05Z [----] followers, [----] engagements


"Chipotle opened [---] new restaurants over the past year 85% of which feature a #drivethru #Chipotlane These new restaurants produced the top [--] new store opening sales performances in $CMG history And [--] of these top [--] new openings were in small town markets of [-----] people"  
[X Link](https://x.com/jasonmiller15/status/1667892726954708993)  2023-06-11T13:53Z [----] followers, [----] engagements


"Last week #Walgreens announced plans to close [---] stores Which is less than 2% of the $WBA US store base Few will be quickly retenanted due to lease term/pricing But expect #adaptivereuse to come Like these examples incl a #Skechers #DollarStore #carwash and $HOG dealer"  
[X Link](https://x.com/jasonmiller15/status/1675844212489592833)  2023-07-03T12:29Z [----] followers, [----] engagements


"Costco is seeking approval to build its largest warehouse club yet in Fresno CA It would top the largest current $COST club in Salt Lake City The Fresno club would be a 240K sf bldg w/32 gas pumps a car wash and [---] pkg spaces And 80% larger than the club it is to replace"  
[X Link](https://x.com/jasonmiller15/status/1681693377295687681)  2023-07-19T15:52Z [----] followers, 29.2K engagements


"Tractor Supply $TSCO announced changes to its real estate strategy: 1) Increasing from [--] new stores/yr to 90/yr w/3000 store target (up from [----] stores today) 2) Bringing new store development "in-house" to reduce cost improve timelines and lower rents 3) Planning sale-leasebacks of its [---] owned locations and to-be-developed sites in part to fund development But.no mention of other real estate options Like backfills or #adaptivereuse of existing bldgs Which is interesting since 40% of $TSCO stores are in shopping centers (incl. parts of [---] fmr Kmart sites) And backfills of fmr Shopko"  
[X Link](https://x.com/jasonmiller15/status/1684660386295947264)  2023-07-27T20:21Z [----] followers, 14.9K engagements


"In Sept [----] #ToysRUs filed for #bankruptcy All [---] of its #BigBox #retail stores (30 MM+ sf) closed But 90% of sites now have new tenants Most are now home to other retailers But 20% of sites feature other uses So [--] yrs after BK let's look at [--] #adaptivereuse examples🧵"  
[X Link](https://x.com/jasonmiller15/status/1698423565840765420)  2023-09-03T19:51Z [----] followers, 30.2K engagements


"The sport of #pickleball is growing in popularity And so is the #adaptivereuse of vacant buildings into new pickleball centers With many indoor pickleball facilities now open planned or in development lets take a look at [--] unique adaptive reuse pickleball conversions 🧵"  
[X Link](https://x.com/jasonmiller15/status/1699044026320576746)  2023-09-05T12:57Z [----] followers, 13.2K engagements


"@realEstateTrent @ShlomoChopp The good news is that there are adaptive reuse opportunities for the real estate if @Walgreens closes more stores Like these examples from @SKECHERSUSA @dollartree @harleydavidson @OakStreetHealth @Feederspets and CLEan Express Car Wash $WBA $SKX $DLTR $HOG"  
[X Link](https://x.com/jasonmiller15/status/1734572037207654643)  2023-12-12T13:52Z [----] followers, [----] engagements


"ALDI operates [----] stores in [--] states Though not yet in Nevada But a recent submittal to the city of Henderson NV shows ALDI in a 30K sf fmr Bed Bath & Beyond Backfills of 2nd gen space have been key to its growth And ALDI has opened at over a dozen fmr Toys R Us sites"  
[X Link](https://x.com/jasonmiller15/status/1752722268671668245)  2024-01-31T15:55Z [----] followers, [----] engagements


"A new @Costco opened yesterday in Anchorage AK Not a conventional warehouse club but instead a Costco Business Center It is still open to all $COST members but primarily sells office supplies commercial appliances and larger quantity food and grocery items designed to serve restaurants 70% of products at a Costco Business Center are different than those offered at a standard club store Another unique thing about this site in Anchorage Unlike a typical club that Costco develops new and builds from ground up this site is an adaptive reuse of a former 140K sf Sam's Club that closed in 2018"  
[X Link](https://x.com/jasonmiller15/status/1753835386571276689)  2024-02-03T17:38Z [----] followers, [----] engagements


"On yesterday's earnings call $BYON CEO Marcus Lemonis noted that many people ask him: "Is Bed Bath & Beyond going to have stores again" While Lemonis indicated that there are no immediate plans to open stores he certainly did not rule it out in the future He also noted that the Company regularly receives inbound calls from groups that want to license the brand internationally - including in Mexico and the UAE However one country where the Bed Bath & Beyond brand thrives internationally is also a locale where a licensing arrangement is not likely possible: New Zealand Because there already is"  
[X Link](https://x.com/jasonmiller15/status/1760696343633223754)  2024-02-22T16:01Z [----] followers, [----] engagements


"Ever wonder what happens to the real estate after a major retailer goes bankrupt and closes its stores Consider the case of Sports Authority - which went bankrupt exactly [--] years ago Its 460+ Big Box retail stores closed And [--] MM+ sf was vacated But 95% of these stores now have new tenants - or new uses [--] retailers - $DKS $BURL and $TJX - opened in [--] stores each and account for 1/4 of all re-tenanted sites Hobby Lobby ALDI Total Wine and Ashley Furniture each opened at [--] former sites [---] stores (1/3 of backfilled locations) were part of adaptive reuse projects and are now fitness centers"  
[X Link](https://x.com/jasonmiller15/status/1763596134184849795)  2024-03-01T16:04Z [----] followers, 29.5K engagements


"Later this year Tesla $TSLA will open its 200th U.S. service center While some were developed from the ground up many were created via the #adaptivereuse of other real estate Like these [--] examples that include a bowling alley casino Big Box retail bldg And even a theater🧵"  
[X Link](https://x.com/jasonmiller15/status/1767207711723118768)  2024-03-11T15:15Z [----] followers, [----] engagements


"The big issue w/the [----] Family Dollar store closures is the lack of a major tenant or retail category to absorb a substantial amount of this real estate For instance off price retailers like $TJX and $BURL backfilled hundreds of Big Box stores vacated by Toys R Us and Bed Bath & Beyond $UHAL has converted 100+ Kmart sites to a storage use And Family Dollar and $DLTR themselves have taken over hundreds of vacant drugstore sites But there is no major tenant or retail category waiting in the wings to backfill the real estate that Family Dollar is set to vacate Instead "one off" users will be"  
[X Link](https://x.com/jasonmiller15/status/1767964998943293917)  2024-03-13T17:24Z [----] followers, 12.7K engagements


"Given its financial distress $JOAN hired Gordon Bros. earlier this year to try to renegotiate its store leases On Friday JOANN Inc. filed for bankruptcy But w/no plans to reject leases on any of its [---] stores Why Most likely b/c its real estate costs - and sites - were not core to its problems And instead are critical to its potential turnaround Specifically $JOAN revealed that: 96% of its stores are profitable on a [--] wall basis 80% of stores generate contrib. margin of 10% just 4% of its stores are located in malls 1/3 of its unprofitable sites are actually new stores in a sales ramp up"  
[X Link](https://x.com/jasonmiller15/status/1770106455925940358)  2024-03-19T15:14Z [----] followers, 35.7K engagements


"Krispy Kreme's expanded partnership with McDonald's is shining a light on the doughnut chain's 'hub and spoke' real estate model Its [---] U.S. hub stores currently generate $4.6 MM in annual revenue And deliver doughnuts daily to 7K points of access - a number that will more than triple when all 14K U.S. McDonald's are added by [----] But Krispy Kreme's international locations really shine: Its [--] int'l hub stores generate serve 5K access points and generate $10 MM in avg annual revenue/hub As more access points are added int'l hubs are likely to be even more profitable And the busiest int'l"  
[X Link](https://x.com/jasonmiller15/status/1773052606165757955)  2024-03-27T18:20Z [----] followers, 25.5K engagements


"Target $TGT has [--] new stores in its pipeline They range in size from 33K to 150K+ sf across [--] states And 1/3 of these @Target stores will be developed via #adaptivereuse Including of: Buildings once occupied by competitors Backfills of department stores and Conversions of former grocery stores particularly in land scarce and hard-to-enter markets As Target leans into its stores-as-a-hub strategy (stores fulfill 96% of sales) And experiments in different types of real estate store formats and markets Expect adaptive reuse and second generation space to play an even larger role in its new"  
[X Link](https://x.com/jasonmiller15/status/1776690098970427599)  2024-04-06T19:15Z [----] followers, [----] engagements


"A Red Lobster bankruptcy may happen soon It will likely be followed by many restaurant closures With plenty of real estate available for adaptive reuse But some former Red Lobster restaurants have already been repurposed Including the original Red Lobster restaurant that opened in [----] in a new building on the shores of Lake Parker in Lakeland FL A casual dining seafood restaurant was a new concept - but well received by customers as evidenced by a full parking lot and frequent lines to enter Bill Darden - the founder of Red Lobster - opened four more restaurants over the following two years"  
[X Link](https://x.com/jasonmiller15/status/1781428207587033250)  2024-04-19T21:02Z [----] followers, [----] engagements


"These Former Big Box Retail Buildings Now Serve A Higher Calling There are [----] megachurches (w/2000+ members) in the U.S. And as membership grows churches need larger spaces Like former Big Box retail bldgs Hundreds of churches are the product of Big Box adaptive reuse (40+ alone in former Kmarts) Including the following examples: A Home Depot-turned-Church and Community Center in Rocky Mount NC Word Tabernacle Church converted the former [------] sf Home Depot in Rocky Mount into a church and community center The building was renovated to include an auditorium and chapel as well as areas"  
[X Link](https://x.com/jasonmiller15/status/1785665356066910391)  2024-05-01T13:39Z [----] followers, [----] engagements


"There were [----] bank branches that closed in [----] There were [----] net new QSR openings in [----] And while not every new fast food restaurant opened in an #adaptivereuse of a shuttered bank brand.several did #Starbucks #DutchBros #Chipotle $SBUX $BROS $CMG"  
[X Link](https://x.com/jasonmiller15/status/1794437905076625612)  2024-05-25T18:38Z [----] followers, [----] engagements


"The Video Store Chain That Became An Adaptive Reuse Real Estate Company: Family Video's movie rental business did not survive - but the Company has thrived by repurposing its real estate into a variety of new - and unique - uses The Family Video chain was started by the Hoogland Family back in [----] Although it later rivaled Blockbuster Family Video differentiated by focusing primarily on small cities suburbs and rural areas It eventually grew to over [---] locations in [--] states and Canada But the majority of the Illinois-based chain's stores were in small Midwestern towns and suburbs Family"  
[X Link](https://x.com/jasonmiller15/status/1794843067662450718)  2024-05-26T21:28Z [----] followers, [----] engagements


"U-Haul has acquired - and repurposed - hundreds of #BigBox buildings And sometimes it gets up and running very quickly Like w/its recent acquisition of the former Lake Livingston Outlet Mall in Livingston TX $UHAL acquired the property on June 12th By June 17th it had already opened for business -- at least for truck rental boxes and moving supplies @uhaul has also commenced its "Adaptive Reuse" program at the Livingston property Like it has w/many other Big Box buildings (including [---] former Kmarts) U-Haul will now renovate and repurpose the property for a variety of uses Once complete the"  
[X Link](https://x.com/jasonmiller15/status/1814711583978729653)  2024-07-20T17:18Z [----] followers, [----] engagements


"A former Rite Aid was repurposed for the dogs Off Leash a combined dog park and full service restaurant opened this past June in Alpharetta GA In a former Rite Aid drugstore The 11K sf Rite Aid building was split into a 5K sf restaurant and coffee bar (for humans) and a 6K sf as an indoor dog play area A 1/2 acre area to the rear of the property was also converted to an outdoor dog park Off Leash offers both single day passes as well as monthly and annual memberships And the "premium" dog park even has trained "dogtenders" on hand to police behavior in the indoor and outdoor dog parks"  
[X Link](https://x.com/jasonmiller15/status/1830321052125208892)  2024-09-01T19:05Z [----] followers, [----] engagements


"Rite Aid is expected to emerge from bankruptcy in the coming weeks with $2.5 BB in new exit financing $2 BB less debt And over [---] fewer drugstores So as $RAD moves on what will happen to the [--] MM+ sf of vacant #drugstore real estate that it leaves behind [--] years ago #ToysRUs filed for bankruptcy and closed a similar number of its #BigBox stores But its real estate did not remain vacant for long: 90% of [---] Toys R Us stores were re-tenanted or redeveloped within [--] years 60% of Toys R Us stores were backfilled by tenants in just [--] retail categories: Off Price Retail (30% of backfilled"  
[X Link](https://x.com/jasonmiller15/status/1830708569324363839)  2024-09-02T20:45Z [----] followers, [----] engagements


"A former Kmart in North Hollywood CA is being repurposed as a Tesla Showroom and Service Center $TSLA plans to use all 117K sf of the Kmart building It will include a collision center paint booths an indoor area for car delivery/customer pickup And is opening this Fall"  
[X Link](https://x.com/jasonmiller15/status/1834276609123102948)  2024-09-12T17:03Z [----] followers, [----] engagements


"1000 drugstores closed in the past [--] months alone With more likely on the way Many will be re-occupied by a single user But some may be repurposed for multi-tenant use Like this proposed conversion of a former Walgreens into a [--] tenant bldg anchored by Panera and Chipotle"  
[X Link](https://x.com/jasonmiller15/status/1837159093632397500)  2024-09-20T15:57Z [----] followers, 15.8K engagements


"Sometimes less is more when it comes to commercial real estate As in "shrinking" a property might actually make it more valuable This was the case with a grocery anchored shopping center in Michigan that we had acquired It was 50% occupied at the time of our purchase With long-term vacancy concentrated in the hard-to-see corner of the L-shaped center Demolishing this part of the property would obviously reduce leasable space But it would also improve access and visibility add parking make the remaining space more attractive to potential tenants And ultimately result in a more valuable"  
[X Link](https://x.com/jasonmiller15/status/1837532876264329636)  2024-09-21T16:42Z [----] followers, [----] engagements


"Walgreens $WBA plans to close [----] stores over the next [--] years Including [---] in [----] alone So what are the reuse options for this real estate Past examples include shoe and grocery retail stores plus even car wash dealership convenience store and multi-tenant conversions"  
[X Link](https://x.com/jasonmiller15/status/1846167030484853178)  2024-10-15T12:31Z [----] followers, [----] engagements


"Advance Auto Parts is closing [---] stores So what will happen to this real estate The good news is that many $AAP stores are freestanding 7-8K sq ft buildings w/open floor plans ample parking and even a roll-up door -- features that will allow them to be repurposed for many uses Additionally most stores are located on high traffic roads w/good visibility The bad news is there is no major tenant or retail category set to absorb a substantial amount of this real estate For instance off price retailers like $TJX and Burlington backfilled hundreds of Big Box stores vacated by Toys R Us and Bed"  
[X Link](https://x.com/jasonmiller15/status/1858515229489135640)  2024-11-18T14:18Z [----] followers, 157.3K engagements


"Seeking a user to backfill a vacant drugstore Natural Grocers $NGVC would like to take a look Many of the #grocery chains [---] stores are in 2nd generation space vacated by other retailers like Walgreens $WBA And its first Waco TX store is opening soon - in a former $CVS"  
[X Link](https://x.com/jasonmiller15/status/1862517077950554554)  2024-11-29T15:20Z [----] followers, [----] engagements


"Krispy Kreme $DNUT is adding more doughnut "hubs" Through creative adaptive reuse of existing real estate Like its proposed repurpose of a former $CVS drugstore in Minnesota Fresh off a partnership w/McDonald's $MCD that will result in Krispy Kreme delivering fresh doughnuts daily to 12K U.S. McDonald's restaurants by [----] the doughnut maker needs to add real estate At #KrispyKreme most doughnuts are baked at its 'hot light' theater shops Which can both serve onsite customers and act as "hubs" that distribute fresh daily (DFD) doughnuts to "spokes" like gas stations grocery stores and"  
[X Link](https://x.com/jasonmiller15/status/1864348677680320944)  2024-12-04T16:38Z [----] followers, [----] engagements


"Another Party City #bankruptcy may imminent This time its [---] stores are likely to close for good But do its leases have value to other retailers [--] years ago #PartyCity closed [--] stores in bankruptcy But 1/4 of its store leases were sold to Michaels and Five Below $FIVE"  
[X Link](https://x.com/jasonmiller15/status/1868739826889244927)  2024-12-16T19:27Z [----] followers, [----] engagements


"In October Walgreens $WBA announced plans to close [----] stores over the next [--] years The rumored sale of the Company may accelerate the store closure timeline So what will happen to the real estate of these soon-to-be vacated Walgreens drugstores Many will be re-occupied by a single user such as a dollar store or health clinic But creative plans are being developed for conversion into multi-tenant strip centers Like this proposed conversion of a former Walgreens into a [--] tenant bldg anchored by Panera Bread and Chipotle $CMG"  
[X Link](https://x.com/jasonmiller15/status/1876025822768681432)  2025-01-05T21:59Z [----] followers, 16.8K engagements


"Advance Auto Parts $AAP is closing 700+ stores in [----] But it still plans to open [--] "Market Hub" stores over the next [--] years AAP Market Hubs are 3-5x the size of a typical 8K sf Advance Auto store And they serve not only as retail sites but also as mini distribution centers that supply 50+ AAP stores in a particular submarket Like the 24K sq ft Advance Auto Market Hub store in Harrisburg PA that opened in [----] It opened in space that was vacated by Get Air Trampoline Park in [----] and that was occupied by Office Max more than a decade ago In fact all three major auto parts supply retailers"  
[X Link](https://x.com/jasonmiller15/status/1876372393624764445)  2025-01-06T20:56Z [----] followers, [----] engagements


"Over the past [--] years Rite Aid $CVS and Walgreens have closed [----] drugstores Some have been repurposed for retail and service users And others for unique adaptive reuses Like a former Rite Aid building in Las Vegas that re-opened last year As an Asian food hall TheChoengdam Food Hallfeatures [--] different restaurants that offer everything from all-you-can-eat sushi to Japanese curry Korean cuisine poke bowls and even sweets and beverages Set up as a food court each of the independently operated restaurants maintain their own serving counters and kitchens with access to a common dining room"  
[X Link](https://x.com/jasonmiller15/status/2006341666425217127)  2025-12-31T12:28Z [----] followers, [---] engagements

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