The phrase denotes residential rental units situated in close proximity to and often directly adjacent to or behind a retail location of a well-known big-box store. As an example, an individual might utilize this phrase when seeking housing options that offer the convenience of being near a major retailer for shopping and other needs.
The significance of this type of location stems from the potential for reduced transportation costs, enhanced access to goods and services, and the perceived safety of living near a frequently trafficked area. Historically, the development of residential properties near commercial hubs reflects a trend towards mixed-use zoning, aiming to create walkable and self-sufficient communities.