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Originally Posted by retiredguy123
I agree. There are about 10 Publix stores in The Villages area, and each one has gross sales of about $40 million per year. I would be very surprised if they are sharing any of this revenue with the landlord. It would make a lot more sense for them to buy land and build their own stores. In the north, Giant builds their own stores and even owns their own construction company. These large stores may have a landlord, but they certainly don't need one.
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Of the five Publix closest to me, four are on land owned by companies with addresses in Sumter Landing or Brownwood. The fifth, Trailwinds, is on land owned by a company out of Tampa.
I am not about to look up every company that is golf-cart accessible, but it appears to be the rare case (CostCo might be one) where the Villages sells the land rather than leases it.
As far as sharing profits - percentage rent appears to be not uncommon for retail leasing. I would be surprised to learn it wasn't used by the Villages.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
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