Talk of The Villages Florida - View Single Post - COSTCO coming to the area! Really!
Thread: COSTCO coming to the area! Really!
View Single Post
 
Old 09-09-2020, 08:01 AM
stan the man stan the man is offline
Veteran member
Join Date: May 2016
Posts: 833
Thanks: 1,019
Thanked 269 Times in 136 Posts
Default
Quote:
Originally Posted by FredJacobs View Post
The area West of Brownwood, on FL 44, now occupied by the Brownwood Hotel, was supposed to be for a shopping mall. One of the anchor stores was rumored to be Costco. As you may know, part of the Developer's calculations in how much rent to charge includes his becoming a "partner" by fixing rent as a percentage of the store's income - I'm not sure if it is gross or net income. This is fairly common in New York for retailers who pay rent. Stores like Costco and WalMart work on very low profit margins (I used to sell to WalMart and they work on 10% profit and cannot afford to take in a "partner." They will always build on land that they own.
Guess there will never be a Costco near TV