Spot containing record store (5)
I believe the answer is:
depot
'store' is the definition.
(depot can mean a store or warehouse)
'spot containing record' is the wordplay.
'spot' becomes 'dot' (I've seen this before).
'containing' means one lot of letters goes inside another.
'record' becomes 'EP' (abbreviation for extended play record).
'dot' going around 'ep' is 'DEPOT'.
(Other definitions for depot that I've seen before include "Supply base" , "Bus station in the US" , "Terminus for transport vehicles" , "Storage location" , "Storehouse or warehouse" .)