20 May 2024
Looking to find your next location for a storage facility? Check out this hack on how you can use Walmart and Chick-fil-A to help!
Discover the strategic approach that Walmart and Chick-fil-A use to pinpoint optimal locations for their franchises, and how you can apply the same principles to identify promising sites for self-storage development or acquisition. Learn how economic thresholds, household size, and other factors influence site selection, and how Radius data can enhance your decision-making process. Don't miss out on this innovative Chick-fil-A-Walmart hack that can revolutionize your self-storage hunt.
What do Walmart and Chick-fil-A have in common with each other? And what do either of these companies have to do with self-storage? Well, both these multi-billion dollar companies spend hundreds of thousands of dollars to find the suitable self-storage locations that can support their business. Now, both Chick-fil-A and Walmart require a certain economic threshold, certain household size, and economic drivers to support one of the locations in their franchise. What does this mean? Well, we can go about this in two ways. You can find a location that has a Walmart Super Center and a Chick-fil-A, and if you go into Radius and it's underserved, this could be your next self-storage development opportunity. Conversely, if you find a location with a Walmart and a Chick-fil-A and you go into Radius and there's a robust self-storage presence already, this could be a place to spec out for your next self-storage acquisition opportunity. So all this is to say is Walmart and Chick-fil-A spend hundreds of thousands of dollars to find economic drivers throughout America, so you don't have to. Reach out if you want to know more about this Chick-fil-A-Walmart hack and how it can be used with Radius data to help you on your next self-storage hunt. Thank you.
