Quote:
Originally Posted by JMintzer
Have you seen their leases? How do you know it any higher than the surrounding areas?
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I have talked to an operator that specifically stated that TV square merchant space had restrictions which normal merchant space does not. One was required operating hours.
So given the various control mechanisms such as deed compliances, I would not be surprised if the rent/sales percentage was higher. And its especially hard on alcohol sales with square beer not having high overhead and a minimum profit margin to stay in business.
The villages' fixed income retirement mentality of many as they age does take a toll on upscale merchants.