Quote:
Originally Posted by retiredguy123
Small rental spaces at the Trailwinds shopping center is being advertised at $30 per square foot per year. I'm sure that Publix is paying less than $30, but, even if they were, their annual rent for the 50,000 SF store would be about $1.5 million. That would be about 4 percent of the gross sales income for an average Publix store of $38 million. So, I don't think Publix is concerned about paying the rent.
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The average grocery store chain has a profit margin of just over 2%. So yeah, I think they're concerned about rent...