Wednesday, 8 January 2025

Reviving Retail: How to Turn Empty Retail Stores into Profitable Self-Storage

Have you noticed the old Kmart in your area being transformed into something completely new? Imagine walking past what used to be a vacant, rundown retail store, only to find it buzzing with activity as a thriving climate-controlled self-storage facility. These transformations are happening more often than you think—and they’re reshaping communities and creating massive opportunities for investors. In this episode of Commercial Real Estate Secrets, I interviewed Clint Harris, GP at Nomad Capital and host of the Truly Passive Income podcast. Clint is at the forefront of this innovative strategy, converting old big-box retail spaces like Kmarts, warehouses, and even soda bottling facilities into high-performing, profitable assets. He’s not just transforming buildings; he’s transforming the way we think about adding value in commercial real estate. BY THE TIME YOU FINISH LISTENING, YOU’LL DISCOVER: • How to identify high-potential properties for self-storage conversion • The benefits of converting vs. building new self-storage facilities • Strategies for raising capital and mitigating risk in self-storage projects Chapters 00:00 Introduction to Clint Harris and His Journey 01:43 The Conversion Process: From Retail to Self-Storage 05:16 Market Analysis and Location Strategy 11:41 Risk Management in Self-Storage Conversions 18:15 Funding and Raising Capital for Projects 21:08 Returns and Investor Relations 24:42 Finding Fulfillment in Real Estate 26:57 Conclusion and How to Connect with Clint Harris Ready to learn more or connect with Clint? Visit nomadcapital.us (https://ift.tt/rIAE6y4) or email him directly at clint@nomadcapital.us (mailto:clint@nomadcapital.us) . You can also tune into the Truly Passive Income (https://ift.tt/r9VqWD7) podcast for more insights from Clint and his journey in real estate. Liked this episode? Share it with a friend. Love the show? Leave us a 5-star review! Even a short sentence helps us keep bringing you the content you love. Ready to sell or lease a warehouse? Visit warehousehotline.com (https://ift.tt/9ivNAfz) to get started. Connect with Aviva: • Website (https://ift.tt/qQmIKHb) • TikTok (https://ift.tt/Y2rKj6S) • Instagram (https://ift.tt/7wOWCzS) • Facebook (https://ift.tt/ESABGhC) • LinkedIn (https://ift.tt/z9eaF3f)

from Aviva Real Estate https://www.youtube.com/watch?v=aFzwk1nOc0Y

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