Commercial Real Estate Secrets

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

Jan 8, 2025

28:40

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 or email him directly at clint@nomadcapital.us. You can also tune into the Truly Passive Income podcast for more insights from Clint and his journey in real estate.

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