Re:Amazon builds property empire, quietly buying land across...
by JCharante on Wednesday June 15, 2022 @03:09AM
(#31749987)
I'm not sure how to investigate who owns lots of lands, but I think the Walmart near me did the same. They used to be in a big building, but then after some time cut down the forest literally nextdoor and built a bigger Walmart there. The original building still stands but is leased by another brand.
The later is more interesting because it's a franchise model, and if a franchisee is successful, there's usually nothing in the franchise agreement to stop corporate from setting up shop nearby. Maybe not across the street or a block down the road, but yes.
Also quite common w/ lapsing leases with walmart and such, they take out 15-25 year leases, and if it fits their margins, they will build nearby and ride the lease out.