Here's a sale item at Home Depot that you won't see in one of its promotional flyers: prime parking spots. Home Depot has miles of aisles and millions of square feet of retail space, but it's easy to forget just how many acres of parking lots the company has for its 2,242 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, Mexico and China. All that real estate on prime retail shopping strips is a valuable asset, and to generate some extra cash the company is apparently willing to sell some of its more under-utilized parking spots to nearby retail neighbors, according to an article in the Atlanta Journal-Constitution. The article said Home Depot has “identified marketable portions of lots at hundreds of stores,” and that its stores typically sit on 12 to 15 acres.
About the Author
Jim Lucy Blog
Chief Editor
Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.