Single Tenant Retail Renewal Rates
Monkeys,
I need help coming up with the probability that a single tenant fast food franchise will be renewing their lease (not long left). What are some other considerations that I must take into account when calculating the probability my tenant will renew?
The tenant is a national fast food chain operated by a regional franchisor (+100 units). Here are some things i will be considering: Ingress/egress of the location, any competitive spaces they could sign with, Re-imaging costs, sub market competition from other tenants, Sub market competition from other franchisors (same tenant), rent to sales ratios.
Any advice would be great.
Hi Debt From Above, just trying to help:
I hope those threads give you a bit more insight.
interested as well
Tenant sales are HUGE. Per the lease they might not be required to report sales to LL, but any sales info even if it is anecodotal from LL, store manager will be helpful. On a sales/SF basis you want to see how that particular store compares to the company's national average and if sales are on an upward trend.
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