Talk of The Villages Florida - View Single Post - Loss of Supermarket at Lake Sumter Landing
Thread: Loss of Supermarket at Lake Sumter Landing
View Single Post
 
Old 01-19-2025, 10:24 AM
retiredguy123 retiredguy123 is online now
Sage
Join Date: Feb 2016
Posts: 17,592
Thanks: 3,085
Thanked 16,753 Times in 6,633 Posts
Default
Quote:
Originally Posted by BrianL99 View Post
Retail Leasing "rent" typically includes 4 components, fixed rent, CAM, taxes and % of revenue above base.

Fixed Rent is usually a price per square foot.

CAM = Common Area Maintenance charges.

Taxes = proportionate share of property taxes.

% above base = The Lessor typically gets a small percentage of the gross revenue, after a "base" number (1% of revenue after $5M, or whatever it may be).
I agree, but there is a huge difference between leasing to a small gift shop and to a large grocery store, like Publix. In The Villages, the developer needs Publix more than Publix needs the developer.