From the article: … Huh. Maybe Wal Mart is giving them a good deal because they don’t want to lease to stronger competition?
From the article:
In the past, George operated five other stores in abandoned Wal-Mart buildings. In all of his dealings with Wal Mart, a third party owned the buildings, and Wal-Mart owned the lease on the structures. He typically rents the lease from Wal-Mart until it runs out, when control of the building defaults to the real estate company who was managing the lease. Then the Peddler’s Mall moves on. George feels as if he has had great luck with Wal-Mart, and says that he has fallen into a great fortune. He reports that Wal-Mart makes the subleasing as “soft as they possibly can, and they are not making any money on my subleases.”
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George, who has rented 10 empty Wal-Mart stores over the years, says that in eight of his experiences, Wal-Mart has moved directly across the street from the store they are abandoning. “It is perfect when Wal-Mart moves in right across the street. That is what I am always hoping for,” says George. Thompson tells me, “This is where people go before they go to the Wal-Mart across the street. Sometimes you can find the same items for sale here that are cheaper than they are across the street at Wal-Mart. Might as well check to see.”
Huh. Maybe Wal Mart is giving them a good deal because they don’t want to lease to stronger competition?
From the article:
…
Huh. Maybe Wal Mart is giving them a good deal because they don’t want to lease to stronger competition?