Home Depot Takes Advantage of Wasted Space: Add businesses to its Parking Lots
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- jmsrmy
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Home Depot the big-box hardware store, is taking a hard look at those acres of blacktop surrounding their stores – and seeing dollar signs.
Looking for ways to squeeze revenue out of the company's portfolio of properties, the real estate division found that a quarter of the company's stores – about 500 – could support an acre-sized business in the parking lot.
Fast-food restaurants, banks or auto-parts stores are the most likely businesses that will pop up on those oceans of asphalt that are no longer practical, said Mike LaFerle, vice president of real estate and construction for the company.
The 14 stores in the Sacramento region are among the potential locations for the "carve-out" projects, but specific sites have not been identified.
More:
http://www.sacbee.com/business/story/2525516.html
Looking for ways to squeeze revenue out of the company's portfolio of properties, the real estate division found that a quarter of the company's stores – about 500 – could support an acre-sized business in the parking lot.
Fast-food restaurants, banks or auto-parts stores are the most likely businesses that will pop up on those oceans of asphalt that are no longer practical, said Mike LaFerle, vice president of real estate and construction for the company.
The 14 stores in the Sacramento region are among the potential locations for the "carve-out" projects, but specific sites have not been identified.
More:
http://www.sacbee.com/business/story/2525516.html
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- groups:
- The Retail Sector
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- tags:
- Retail, Home Depot, parking lots, Retail Space
