Nearly everyone is familiar with the shopping chain giant. Retailer Target may get into the real estate business
Nim’s Island divx Down with Love rip
Retailer Target May Get Into Real Estate Business
October 30, 2008 By 2 Comments
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Not to shabby – Didn’t, or doesn’t, Walmart doing something like this? It’s a great way to make tons of money but I’d think it would kill their asset value (could be very wrong). Either way, seems like a win-win – any buyer would get a permanent “trust worthy” renter and Target shareholders would make a few bucks too.
I bet they wish they would have done this in ’04.
I read something like this a long time ago and can’t remember whether it was Walmart or McDonalds who’s doing the same thing. But instead of selling the land to a 3rd party, the main company buys the land and rents them to the store or franchise.