Management

Strip Mall HVAC Maintenance: A Better Way

HVAC maintenance is nearly always addressed in strip mall leases, and in most cases it is the tenant’s responsibility. Over the years we’ve discovered that the great majority of tenants do not properly maintain their HVAC units. Following are some major changes we have recently made.   Globally, we have offered to take on the […]

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Top 25 Expanding Retailers for 2010-2011

With a proposed rollout of approximately 2,000 stores, Quizno’s leads the pack, followed by Dollar General who’s looking to open 1,200 stores, and value gym Anytime Fitness, proposing 800 new stores in the next 24 months. For the first time in more than a year, the number of planned openings in the next 24 months […]

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How to Find Strip Mall Owners

How about a directory for strip mall owners?

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Strip Mall Maintenance Costs

How much does it cost to operate a strip mall each year? Let’s look at some of the determining factors, and how they each affect the expense budget.

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Why Strip Mall Landlords Should Avoid Using the Consumer Price Index

Commercial leases usually provide for rent increases, often in the form of a cost of living increase per the Consumer Price Index. Attorney David Durrett, through case study examples and citations, presents a compelling case against the CPU clause and suggest that pre-determined rent increases can save the landlord money and provide predictable base rent charges to the strip mall tenant.

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SCAM: Prepaid Rent for Unspecified Use

A prospective tenant offers to lease a low rent building for even lower rent, but offers to prepay for a year. They are firm on an broad use clause that may only stipulate “sales and storage of retail merchandise.” In this case it was a freestanding building, the landlord was desperate for a tenant, and the prepaid rent was attractive. He agreed to the deal for a 1 year lease with a 1 year option to renew. When asked for financials…

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