Sears Holdings (Nasdaq: SHLD) has an enormous asset with its real-estate portfolio, but as the Fool's Austin Smith sees it, simply having those properties may not be enough to help right this ship. 

With more people moving out of suburban areas and into urban locations, Sears will be left trying to sell to a dwindling population base. And as we see other large retailers chase populations toward urban centers, which major big-box retailers would be interested in picking up Sears' properties? Macy's (NYSE: M) is one candidate, but it already has a presence in many malls as the other anchor besides Sears, and it isn't very expansion-focused right now. 

At the end of the day, Sears is swimming against a strengthening tide. See more in the following video.

Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Best Buy. Motley Fool newsletter services recommend Best Buy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.