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What is it that makes the real estate valuable though? A mall with a big hole in it doesn't seem like a good investment. If Sears couldn't make a go of it it's
by mark-r 8y ago
What is it that makes the real estate valuable though? A mall with a big hole in it doesn't seem like a good investment. If Sears couldn't make a go of it it's hard to see how anybody else could.
- cr0sh 8y agoMaybe the fallout shelters? Virtually every Sears standalone store - at least up thru the 1980s, was also a fallout shelter (with air raid siren and everything).
- mulmen 8y agoHow is this a business? I’m not tuned in to the preppier community but from what I gather they would not be huge fans of rushing to a centralized location in an emergency. Also they’re a tiny market.
- reaperducer 8y agoA mall with a big hole in it doesn't seem like a good investment. As specified in the comment, not mall locations. Those were rented from mall owners. But Sears had/had many many standalone stores. Many of those stores were built in urban neighborhoods at a time when city neighborhoods were thriving. Now those properties are gaining value again as more people move into cities. Also, the Sears Auto Care locations are supposed to be doing well financially, and tend to be located in desirable locations.
- mark-r 8y agoI guess I've been living in the suburbs too long. Your comment reminded me of the perfect example, the store where my dad worked - a block away from the Minnesota State Capitol building.