Retail Conversions Are Fueling the Next Wave of Healthcare Expansion

Strip malls and big box stores might not scream healthcare at first glance, but they’re quickly becoming the foundation for a lot of new clinic growth. Urgent care, dental, imaging, behavioral health—you name it—providers are moving into former Rite Aids, Office Depots, and even auto parts stores.

It makes sense. These sites already sit on high-traffic corridors, have ample parking, and can often be acquired or leased at a discount. What used to be a dying retail center can suddenly become a regional outpatient hub with the right operator in place.

But these conversions aren’t plug and play. Medical use requires specific infrastructure—plumbing, HVAC, life safety upgrades—and compliance with both healthcare regs and local zoning. Not to mention the valuation side gets tricky when comps are a mix of retail and medical.

Still, for brokers and investors who know what to look for, retail conversions can be one of the most compelling plays in healthcare real estate today.

📅 Book a call: https://calendly.com/contact-loveladyperspective/15min

📬 Get our weekly insights: https://www.loveladyperspective.com/contact