O'Reilly Auto Parts wants to open ~200 new stores in 2025, own more of its real estate and increase the number of its hub stores; the repurpose of Rite Aid buildings is helping it hit these targets
This is such a fascinating move. I didn't realize that O’Reilly was capitalizing on Rite Aid’s bankruptcy. Thanks for highlighting it. It's incredible that the cost of acquiring these locations is still far below the cost of ground-up development, even when factoring in the expense of repurposing the space. Also interesting to see O’Reilly gradually sinking deeper into real estate ownership and quietly building a footprint of valuable retail locations.
This is such a fascinating move. I didn't realize that O’Reilly was capitalizing on Rite Aid’s bankruptcy. Thanks for highlighting it. It's incredible that the cost of acquiring these locations is still far below the cost of ground-up development, even when factoring in the expense of repurposing the space. Also interesting to see O’Reilly gradually sinking deeper into real estate ownership and quietly building a footprint of valuable retail locations.