Retail Reuse Idea (by Ray-N-Pa [PA]) Jul 6, 2025 1:29 PM
Retail Reuse Idea (by zero [IN]) Jul 6, 2025 2:57 PM
Retail Reuse Idea (by Ken [NY]) Jul 6, 2025 4:09 PM
Retail Reuse Idea (by GKARL [PA]) Jul 6, 2025 8:12 PM
Retail Reuse Idea (by plenty [MO]) Jul 6, 2025 9:17 PM
Retail Reuse Idea (by Ray-N-Pa [PA]) Jul 7, 2025 6:49 AM
Retail Reuse Idea (by Ray-N-Pa [PA]) Posted on: Jul 6, 2025 1:29 PM Message:
When I was out and about I poked my head into a thrift store kinda place. Call me cheap, but I love finding bargains at many different levels. Now this isn't a typical retail shop. This place was packed. There were no prices on anything, it was done by donation strictly.
Donations were constantly streaming in the back and there were lots of people inside - why?
Each week a different non-profit took care of the store. If you know your money is going to a good cause, will you open up your wallet more? Now from a landlord perspective - can you claim a discounted weekly rental rate as a donation for every non-profit you help? Since you are having them only one week at a time, the rental rate could be through the roof, but since 70% of marketed off as a donation it is a win win.
The back of the store had a row of three cars dropping stuff off and it looked like the folks went to the front of the building to buy someone else's junk.
The forecast for retail space in prime areas is nice and steady into 2026. But some folks out there might not have a PRIME building or location. This business model would be ideal for that less than prime location and allows the landlord to show a positive side of the industry. Just an observation from one cheap landlord to other cheapo's
--67.140.xx.xx |
Retail Reuse Idea (by zero [IN]) Posted on: Jul 6, 2025 2:57 PM Message:
I like the idea, except for the bugs that usually creep in to stores like that.
Some of the Salvation Army or Restore type thrift stores around here have started charging retail prices on certain items.
Nobody wants to spend $10 on a used pair of jeans when they can buy new off brand jeans for the same price.
Used to go to the local Restore a lot. So much so that they knew me by name. Then a new manager came in and started jacking the prices up. If I can only save a small percentage I will buy retail so I can return it if it doesn't suit my needs.
But I really do like the idea of people being helped by people that want to help. Instead of it all being a grab for my tax dollars. --107.147.xx.xx |
Retail Reuse Idea (by Ken [NY]) Posted on: Jul 6, 2025 4:09 PM Message:
zero- when i was young a couple friends and myself would go to a used tool place, he had everything. one day my friend realized they wanted more for a used drywall scrugun than a new one at sears,we realized they were preying on the poor people who thought they couldnt afford a new tool and could only buy used stuff, never went back and i see the salvation army and restore etc to be similar. --38.248.xx.xxx |
Retail Reuse Idea (by GKARL [PA]) Posted on: Jul 6, 2025 8:12 PM Message:
I find most of those places have overpriced junk. I agree with Ken that tools in thrift and pawn shops are overpriced and you're better getting them new. Generally, you're better off looking at FB marketplace for bargains. I scored more there. I also sell my unwanted stuff there. --172.56.xx.xxx |
Retail Reuse Idea (by plenty [MO]) Posted on: Jul 6, 2025 9:17 PM Message:
So how does the landlord expect to be paid market rent? Or is rent part of the donation? --172.59.xxx.xxx |
Retail Reuse Idea (by Ray-N-Pa [PA]) Posted on: Jul 7, 2025 6:49 AM Message:
It really depends what type of rent you are looking for Plenty. Where others are talking about the business itself, which really isn't much of the landlord's business after they plant the initial seeds.
Currently hitting the market all at once are multiple Rite Aid Drug stores. I am also in the process of looking for another 1031 replacement property. I recently learned that a lease hold interest is considered real property.
hmmmmm hmmmmm Leasehold interest can come in multiple formats. I am suggesting a master lease on a vacant property. So as long as there is meat in your sandwich lease, and you have a valid tenant - you will be making money.
If you use a master lease to get the place and another master lease to weekly tenants - the number of real estate tools you need is limited. How do you make money?
You are providing terms to the non-profit. Let's assume the rent is $3,000 to the owner and you charge each weekly non-profit $1,500 to earn as much as they can get for one week. You tell them that out of the $1,500, $1,000 will be paid in cash and the other $500 is waived as donation.
--67.140.xx.xx |
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