A mall with a big hole in it doesn't seem like a good investment.
As specified in the comment, not mall locations. Those were rented from mall owners. But Sears had/had many many standalone stores.
Many of those stores were built in urban neighborhoods at a time when city neighborhoods were thriving. Now those properties are gaining value again as more people move into cities.
Also, the Sears Auto Care locations are supposed to be doing well financially, and tend to be located in desirable locations.
I guess I've been living in the suburbs too long. Your comment reminded me of the perfect example, the store where my dad worked - a block away from the Minnesota State Capitol building.
As specified in the comment, not mall locations. Those were rented from mall owners. But Sears had/had many many standalone stores.
Many of those stores were built in urban neighborhoods at a time when city neighborhoods were thriving. Now those properties are gaining value again as more people move into cities.
Also, the Sears Auto Care locations are supposed to be doing well financially, and tend to be located in desirable locations.