Strip malls will survive the competition from online retailers and may even one day include Amazon stores predicted David Henry, chief executive of Kimco Realty.
"I think someday you'll see Amazon rent space from us in order to showcase their Kindles and Fires. Apple stores have had huge success being brick and mortar," he said Monday on CNBC's "Squawk Box."
Kimco is a real estate investment trust that owns and operates North America's largest portfolio of strip malls, or the moniker Henry prefers: neighborhood and community shopping centers.
Watch the above video of all three reasons why the Kimco chief believes strip malls can evolve and remain a part of Americana for years to come.
—By CNBC's Matthew J. Belvedere. Follow him on Twitter @Matt_SquawkCNBC.