INVESTING WELL
BIG BOX STORES
SPONSORED CONTENT
Lending on Former Big Box Stores DEPENDING ON YOUR FUNDING AND EXPERIENCE, THESE PROPERTIES CAN BE GOOD INVESTMENTS.
by Tom Berry
B efore the 1970s, Americans shopped downtown. In both rural towns and urban neighborhoods, the shops and professional services anyone needed were all lined up in a neat walkable row. Most of those buildings were multilevel, with shops and offices at ground level and residential units above. This is the era in which mom-and-pop shops thrived and Main Street had it all. Ironically, some of the most expensive urban developments today look strikingly like this former era. Then, mass big-box stores arrived. Convenience ruled supreme during this time. Buildings featuring large square footage attracted the masses away from downtown areas to the outskirts of town. Shopping malls and large retail stores offered a variety of product selections and bulk pricing consumers had never seen before. Then came the age of internet shopping. Even dinosaurs like me, the ones who say they hate getting on the computer, must admit to
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