"Overage" is a common clause in lease clauses in indoor / outdoor malls. I've had approx a dozen retail stores in high end malls, and all of them had an overage clause, meaning if my gross sales were "over" a certain amount, I had to pay the mall owner a percentage of that overage sales, in addition to the monthly rent I was paying. And guess what? I was thrilled to pay it--that meant that my sales that month / year were WAY more than expected!
It's kind of like taxes--no one really likes paying them, but in reality having to pay a lot of taxes is somewhat of a blessing. No tax = no profits. Lots of tax owed means you enjoyed really high net profits.
But your last sentence--"Even one empty business in a center makes for a less inviting shopping, dining, or entertainment atmosphere"--is spot on, and it's a self perpetuating cycle--the more empty spaces means the less shoppers, which means more empty spaces so less and less shoppers, and on & on.
I checked out the Spanish Springs square for the first time in a long time just the other day...strolled around with extra money in my pocket wanting to get rid of some of it but couldn't find a damn thing I wanted to own or eat! Hell, even the Dunkin' Donuts went out of business! If a reasonably priced coffee & donut place is unable to stay make a profit in an area dominated by senior citizens...you know the place is in serious trouble.
There are two massive corner locations (anchor tenants) sitting forlorn & empty--the former World of Beer & the Margarita Republic, now Dunkin'...and more along the main drag that your drive down to get to the Square. The wine place went out of business...it's just sad.
What I really want to know is how the heck that lingerie store stays open--that's the biggest mystery in the world to me. I know TV has a reputation of lots of swingers (what color is the loofah on top of your car?!?!?) & wild sex, but seriously--how many 70+ year old women are really buying sexy lingerie, especially bras that cost something like $80 each!
I'm aware that Spanish Springs has a much older demographic than the newer areas of TV, but there are numerous restaurants in the immediate area that seem to be doing well--LongHorn Steak House, Texas Roadhouse, Miller's Ale House, Applebees, Darrell's Diner, Mission BBQ, & Francesco's--all have busy parking lots out front whenever I drive past, so the problem isn't lack of demand.
The Morse family are billionaires, so I doubt they're staying awake at night fretting about the sad-state of Spanish Springs, but it definitely sucks for those of us that live in the area. I do drive over to Lake Sumpter occasionally (I intentionally misspelled to irritate the spelling/punctuation police on this site!), but no way I'm going to drive all the way to Brownwood to eat or have a drink.
I lived in the Ft. Lauderdale area for nearly 20 years, and this sports bar /restaurant is WILDLY popular and has locations all over South Florida:
Flanigan's - Laid back Family-run Restaurants in South Florida
Really good, reasonably priced burgers, steaks, caesar salads, fish sandwiches, BBQ ribs (actually, everything on their menu is really good), a $6.99 lunch special, and a 50% OFF happy hour 9PM to close. As a bonus, many of their locations have an attached bottle liquor store right next door! And they stay open LATE!
I would kill to have a Flanigan's open in the Spanish Springs area...