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

Jason Miller posts on X about store, closed, in the, business 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)  50% [finance](/list/finance)  16.04% [cryptocurrencies](/list/cryptocurrencies)  8.49% [countries](/list/countries)  4.72% [automotive brands](/list/automotive-brands)  3.77% [technology brands](/list/technology-brands)  1.89% [social networks](/list/social-networks)  0.94% [fashion brands](/list/fashion-brands)  0.94% [luxury brands](/list/luxury-brands)  0.94% [financial services](/list/financial-services)  0.94%

**Social topic influence**
[store](/topic/store) 17.92%, [closed](/topic/closed) #1659, [in the](/topic/in-the) 15.09%, [business](/topic/business) 10.38%, [center](/topic/center) 9.43%, [space](/topic/space) #2337, [toys](/topic/toys) 8.49%, [bed](/topic/bed) 6.6%, [target](/topic/target) #2989, [company](/topic/company) 5.66%

**Top accounts mentioned or mentioned by**
[@bedbathbeyond](/creator/undefined) [@linkedin](/creator/undefined) [@triplenetinvest](/creator/undefined) [@uhaul](/creator/undefined) [@2024dion](/creator/undefined) [@toysrus](/creator/undefined) [@mrneutralman](/creator/undefined) [@iononrecourse](/creator/undefined) [@studentrentpro](/creator/undefined) [@lowes](/creator/undefined) [@nnnincome](/creator/undefined) [@thepicklr](/creator/undefined) [@biglots](/creator/undefined) [@riteaid](/creator/undefined) [@tjmaxx](/creator/undefined) [@enterprise](/creator/undefined) [@dutchbros](/creator/undefined) [@realestatetrent](/creator/undefined) [@shlomochopp](/creator/undefined) [@walgreens](/creator/undefined)

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

"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


"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


"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


"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


"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/anyuser/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


"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


"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


"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


"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


"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


"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


"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


"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


"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


"@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


"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


"@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


"In [----] @Lowes closed [--] US #BigBox retail stores. Just 1% of #Lowes 1700+ US store base these [--] were part of a rare Lowes mass store closure event. But this real estate was not vacant for long. Virtually all have been re-tenanted. Though most no longer have a retail use.🧵"  
[X Link](https://x.com/jasonmiller15/status/1637190690365923328)  2023-03-18T20:34Z [----] 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


"@NNNIncome @TripleNetInvest Lots of hope that Patrick Doyle will help turn BK around. He and his team did a great job with Domino's [--] yrs ago. And Doyle did buy $30 MM worth of stock when he took the Exec Chairman job last month so he is betting on it as well"  
[X Link](https://x.com/jasonmiller15/status/1642234096423260162)  2023-04-01T18:34Z [----] followers, [----] 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


"In January the Traverse City MI Curling Club moved to a new location So far the Club is using only 28K sf of its bldg for curling an Olympic sport where teams slide granite stones towards a target on a sheet of ice But there is room to expand The bldg is a 90K sf fmr Kmart"  
[X Link](https://x.com/jasonmiller15/status/1642973885535596544)  2023-04-03T19:34Z [----] 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


"Freestanding Toys R Us stores may be forever gone But thanks to #adaptivereuse the real estate lives on [--] yrs after all 725+ remaining #ToysRUs stores closed for good 90% now have new tenants or uses Including some that may surprise🧵"  
[X Link](https://x.com/jasonmiller15/status/1644752785991245827)  2023-04-08T17:23Z [----] followers, [----] engagements


"There's plenty of talk about office to multifamily conversions But what about #BigBox retail (sites) to MF conversions They are often easier to pull off and more economically viable than many office conversions Like this former Kmart property in St Pete FL that went from 100K sf Big Box to a [---] unit MF complex So why may retail to MF actually be more realistic than many office to MF conversions The economics of a conversion are more likely to work going from lower density Big Box retail to higher density MF use even if the bldg is demo'd (by comparison some office to MF conversions leade to"  
[X Link](https://x.com/jasonmiller15/status/1646918250473611279)  2023-04-14T16:48Z [----] followers, 30.5K 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


"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


"The shuttered @BedBathBeyond stores may be re-tenanted quickly Many will be filled by other retailers But some will be unique adaptive re-uses Like the fmr Bed Bath in Lake St Louis MO It closed in January but is already re-opening in June as the Paddle Up #Pickleball Club"  
[X Link](https://x.com/jasonmiller15/status/1653386956003262469)  2023-05-02T13:12Z [----] 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


"Pickleball is growing in popularity And so is interest in turning vacant #BigBox space - like @BedBathBeyond stores - into indoor pickleball centers But can indoor pickleball thrive as an #adaptivereuse of Big Box #retail #realestate Trampoline Parks may provide the answer"  
[X Link](https://x.com/jasonmiller15/status/1657763231509762048)  2023-05-14T15:02Z [----] 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


"@TripleNetInvest Dark stores should really not be listed w/a cap rate that implies an uninterrupted rent stream Instead they should be priced per sq ft perhaps w/a credit for PV of $RAD rent if you can u/w the credit And ideally the psf price reflects est repl. rent TI etc which varies by mkt"  
[X Link](https://x.com/jasonmiller15/status/1659343987457548288)  2023-05-18T23:43Z [----] followers, [----] engagements


"A story of #adaptivereuse: The old Kmart in St Marys OH (pop: 8500) on city-owned property was weeks away from demolition But then owners of a local business approached City officials with a proposal: Sell them the building at the demolition cost - and they'd renovate it The City could even impose conditions on the renovation The businessmen owned American Mfg Solutions (AMS) a fledgling warehousing and logistics operation AMS was located nearby and growing fast; it saw the 58K sf fmr Kmart as a big upgrade over its 10K sf nearby bldg - even though the Kmart had sat largely vacant for a"  
[X Link](https://x.com/jasonmiller15/status/1660361548638855171)  2023-05-21T19:06Z [----] 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


"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/anyuser/status/1665691186269396992)  2023-06-05T12:05Z [----] followers, [----] engagements


"Why are retailers such as @BigLots @riteaid @tjmaxx focusing on small town and tertiary market real estate for new store growth Tertiary markets represented 62% of net migration in the U.S. over the past [--] yrs and while 2/3 of large urban counties saw population declines in [----] 80% of "exurban" counties gained residents But it isn't just demographics and population trends Stores in small markets make money for retailers - and typically deliver strong margins and a good return on invested capital. There is generally less competition in small markets. And despite generating lower sales volumes"  
[X Link](https://x.com/jasonmiller15/status/1667158819611328512)  2023-06-09T13:16Z [----] 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/anyuser/status/1667892726954708993)  2023-06-11T13:53Z [----] 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


"Would you like a #carwash with your haircut That is the question a couple of entrepreneurs in Edmonton are asking after opening the Drive-In Barbershop in April The Drive-In Barbershop is an #adaptivereuse of a fmr [----] sf @Enterprise Rent-A-Car bldg and garage Customers make an appointment to get their haircut - and to have their car simultaneously washed and detailed in the attached garage (and even watch it on the live TV feed in the barbershop) And in true multi-task fashion you can even opt to have your shoes cleaned while your hair is cut and car is washed"  
[X Link](https://x.com/jasonmiller15/status/1670420589964558337)  2023-06-18T13:17Z [----] 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/anyuser/status/1681693377295687681)  2023-07-19T15:52Z [----] followers, 29.2K 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


"How do you repurpose a former car wash The growth of new express and automated conveyor belt #carwash developments have rendered many self serve wash sites obsolete But examples of car wash #adaptivereuse abound As coffee shops restaurants and even a #drivethru dispensary🧵"  
[X Link](https://x.com/jasonmiller15/status/1684218326250135554)  2023-07-26T15:05Z [----] followers, [----] 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/anyuser/status/1684660386295947264)  2023-07-27T20:21Z [----] followers, 14.9K engagements


"A little known beneficiary to the $OSTK acquisition of (and re-branding to) @BedBathBeyond Bed Bath & Beyond Ltd NZ which operates [--] stores in New Zealand Originally named Linen for Less it re-branded as Bed Bath & Beyond (which was not trademarked in NZ) in part to benefit from the marketing of the unaffiliated U.S. company Bed Bath NZ operates smaller stores and primarily sells sheets towels and pillows as compared to the U.S. chain's Big Box stores and focus on kitchen appliances and housewares And Bed Bath NZ's lower case green and white color scheme also was a sharp contrast to the bold"  
[X Link](https://x.com/jasonmiller15/status/1686055072130580480)  2023-07-31T16:43Z [----] followers, [----] engagements


"Is Dutch Bros changing its real estate strategy $BROS has [---] units and wants to grow to [----] But -like other growing chains- it has been plagued by elevated construction costs permitting delays and other issues in building its prototype units on leased land So might @DutchBros consider other space options - like #adaptivereuse and backfills of existing space After all while its current [---] sf modular prototype has been successful and generates AUVs of $1.9 MM+ there is one specific real estate attribute that has been critical to its sales generation: The #drivethru 90% of $BROS business is"  
[X Link](https://x.com/jasonmiller15/status/1690070783333216256)  2023-08-11T18:40Z [----] followers, 29.1K 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/anyuser/status/1698423565840765420)  2023-09-03T19:51Z [----] followers, 30.2K 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


"The Costco in Mexico City's Santa Fe neighborhood is one of its most unique clubs The230K sf $COST warehouse - its largest in Mexico - sits below a [--] acre public park and greenspace In fact only [--] side of the building is exposed to the public The remaining walls parking structure and loading bays are hidden from public view And soccer fields basketball courts and jogging paths sit atop the #Costco parking structure The building's green roof collects stormwater runoff and directs it to the park's fountains and ponds and an onsite filtration system utilizes reclaimed water for club operations"  
[X Link](https://x.com/anyuser/status/1709968595122270217)  2023-10-05T16:27Z [----] followers, 69.5K 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/anyuser/status/1734572037207654643)  2023-12-12T13:52Z [----] followers, [----] engagements


"An Atlanta-area Barnes & Noble bookstore is becoming a @RaceTrac convenience store and gas station RaceTrac plans to complete an #adaptivereuse of the 20K sf [--] story #BigBox bookstore into a convenience store restaurant corporate offices and meeting space It also plans on adding [--] fueling stations and [--] EV charging spots in the parking lot RaceTrac is touting the proposed site as a "showcase" store for it to try out new services meet with vendors and utilize for training purposes It is less than a mile from the convenience store and gasoline retail chain's corporate headquarters in the"  
[X Link](https://x.com/jasonmiller15/status/1734981195392291222)  2023-12-13T16:58Z [----] followers, [----] engagements


"ALDI opened [--] new stores across [--] states this month Part of [---] total new openings in [----] for the grocer But not all sites are new ground up construction #ALDI has also utilized #adaptivereuse for store growth Like at this former Toys R Us store in Slidell LA It is [--] of at least [--] Toys R Us-to-ALDI conversions"  
[X Link](https://x.com/jasonmiller15/status/1736767082153312348)  2023-12-18T15:15Z [----] followers, [----] 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


"One of the more creative reuses of a former #RiteAid #drugstore A #carwash It has been so successful for Express Wash Concepts that it completed two Rite Aid-to-car wash building conversions in Metro Pittsburgh And recently secured approval for yet another in Metro Detroit"  
[X Link](https://x.com/jasonmiller15/status/1742508220403626355)  2024-01-03T11:28Z [----] followers, [----] engagements


"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 renovated them into a $24 MM 115K sf early childhood center NKC Schools estimates that it saved $17 MM by acquiring and repurposing the retail properties rather than building new from the ground up And its construction timeline was also accelerated since most work was limited to interior renovation and building"  
[X Link](https://x.com/jasonmiller15/status/1744808338439721308)  2024-01-09T19:48Z [----] followers, 19.6K engagements


"One of the most unique Toys R Us #adaptivereuse conversions An indoor #carwash Valet Auto Wash has completed at least [--] #ToysRUs to car wash conversions They are fully enclosed and climate controlled and feature double wash tunnels a wax tunnel and 70+ indoor vacuums"  
[X Link](https://x.com/jasonmiller15/status/1745851459009183844)  2024-01-12T16:53Z [----] 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/anyuser/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/anyuser/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/anyuser/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/anyuser/status/1763596134184849795)  2024-03-01T16:04Z [----] followers, 29.5K engagements


"From Walmart to.#carwash That was the conversion completed by Splash Car Wash in Maumelle AR The car wash was built within a 35K sf former Walmart bldg It has [--] enclosed wash tunnels LED lighting and indoor vacuum stations And now anchors the adj 30K sf #stripmall"  
[X Link](https://x.com/jasonmiller15/status/1766511492680106412)  2024-03-09T17:08Z [----] followers, 11.3K 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/anyuser/status/1767207711723118768)  2024-03-11T15:15Z [----] followers, [----] 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/anyuser/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/anyuser/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/anyuser/status/1776690098970427599)  2024-04-06T19:15Z [----] 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


"The first ALDI in Nevada is opening later this year In a 2nd generation space in Henderson NV that is - at 30K square feet - larger than most #ALDI #grocery stores Another interesting thing about this new ALDI It is an #adaptivereuse of a former @BedBathBeyond"  
[X Link](https://x.com/jasonmiller15/status/1789279065469297054)  2024-05-11T12:59Z [----] 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


"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/anyuser/status/1794843067662450718)  2024-05-26T21:28Z [----] 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


"Adaptive Reuse And Backfills of Bankrupt Retailers: Where Grocery Outlet $GO Sources Its Real Estate In [----] @GroceryOutlet will likely open its 500th store The fast growing 'off price' #grocery chain which sells deeply discounted groceries and consumables is adding [--] new stores per year Grocery Outlet operates a unique business model in the grocery space: All Grocery Outlet stores are franchised and run by independent operators (IOs) that generally operate a single store in their local market The product offering consists of fresh food such as meat produce and dairy as well as closeout buys"  
[X Link](https://x.com/jasonmiller15/status/1800517336190910728)  2024-06-11T13:15Z [----] followers, 12.4K 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/anyuser/status/1814711583978729653)  2024-07-20T17:18Z [----] followers, [----] engagements


"@gas_biz You could do an adaptive reuse into a drive thru restaurant and cafe: https://x.com/jasonmiller15/status/1684219221251588104 @cariboucoffee @Starbucks The Hip Caf in Fayetteville AR opened in a former self serve #carwash space It converted the former office area to a kitchen and dining area And has re-used the former car wash bays for not only a #drivethru lane but also as outdoor covered patio seating https://t.co/AeWg2TFPrn https://x.com/jasonmiller15/status/1684219221251588104 @cariboucoffee @Starbucks The Hip Caf in Fayetteville AR opened in a former self serve #carwash space It"  
[X Link](https://x.com/jasonmiller15/status/1816482679669375357)  2024-07-25T14:36Z [----] followers, [----] engagements


"Barnes & Noble is opening [--] new stores in [----] New @BNBuzz stores are to be backfills of 15K sf retail buildings and customized for each locale So what type of 15K sf building has room for a cafe (and #drivethru) in a "neighborhood" site Former #drugstore real estate"  
[X Link](https://x.com/jasonmiller15/status/1820105138406650045)  2024-08-04T14:30Z [----] followers, [----] engagements


"Is Dutch $BROS Shifting Its Real Estate Strategy From New Construction to Adaptive Reuse Dutch Bros operates [----] shops It is adding [---] shops/yr and wants to grow to [----] Like other chains though Dutch Bros has been plagued by high construction costs permitting delays and the significant company resources required to build new ground-up prototype shops on leased land CEO Christine Barone even noted on last weeks Q2 earnings call that [----] could be the high watermark for the ground leases which is the most expensive way for us to spend money to get a shop out of the ground. So Dutch Bros may"  
[X Link](https://x.com/jasonmiller15/status/1823050868582732038)  2024-08-12T17:36Z [----] followers, [----] engagements


"A former Walgreens drugstore in Houston was repurposed as a c-store and gas station Local Houston chain Now and Forever added [--] fuel pumps on the parking lot And converted the 14K sf Walgreens building into a Now and Forever "Plus" c-store given its extra large size"  
[X Link](https://x.com/jasonmiller15/status/1825962226835992686)  2024-08-20T18:24Z [----] 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/anyuser/status/1830708569324363839)  2024-09-02T20:45Z [----] followers, [----] 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


"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/anyuser/status/1834276609123102948)  2024-09-12T17:03Z [----] followers, [----] 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/anyuser/status/1837532876264329636)  2024-09-21T16:42Z [----] followers, [----] engagements


"Asian supermarkets are among the fastest growing specialty #grocery stores And they are opening both more-and larger-stores Like Empire Foods of Brooklyn Center MN that opened earlier this year in a 180K sq ft former Walmart The warehouse-style store sells groceries in both case and unit quantities as well as produce kitchen supplies and housewares Food offerings include a vast selection of noodles spices and an extensive meat and seafood section that includes hard-to-find items like wild boar boiled duck eggs and chicken feet"  
[X Link](https://x.com/jasonmiller15/status/1845551797445751278)  2024-10-13T19:46Z [----] 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/anyuser/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/anyuser/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/anyuser/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/anyuser/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/anyuser/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/anyuser/status/1876372393624764445)  2025-01-06T20:56Z [----] followers, [----] engagements


"Bankrupt craft retailer Joann Inc is closing [---] stores What do its landlords do next The short answer is.maybe nothing at all Sales of the Joann leases could fill the soon-to-be vacated space at no cost to landlords Hobby Lobby Michaels and other Big Box retailers could acquire Joann leases in a future auction As lease acquisitions of bankrupt retailers are happening with greater regularity: Just last week [---] leases of bankrupt retailer Party City were acquired by other retailers like Dollar Tree $DLTR and Five Below $FIVE In [----] Burlington $BURL Ollie's $OLLI Dollar Tree and others paid"  
[X Link](https://x.com/jasonmiller15/status/1890427971942392278)  2025-02-14T15:48Z [----] followers, [---] 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


"It is Wisconsin As in the new state that Natural Grocers teased on last week's earnings call in which it plans to open a new store That is because $NGVC was the winning bidder at last month's Joann Inc. bankruptcy auction for a former Joann store lease in Lake Geneva WI When Natural Grocers opens the Wisconsin store it will be the first across the Mississippi River for the specialty grocer NGVC currently operates [---] stores in all [--] states west of the Mississippi except CA With 6-8 new openings planned for the next year (including the former Joann in Wisconsin) And many of NGVC's stores are"  
[X Link](https://x.com/jasonmiller15/status/1922277056534217102)  2025-05-13T13:05Z [----] 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


"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

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