Thread: What about Borders?
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Old 04-18-2012, 06:42 PM   #26
Fbone
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Quote:
Originally Posted by fjtorres View Post
The ones I'm familiar with had premium, high-traffic locations.
Problem is rents on premium high-traffice locations are way high. Especially when most of the Border leases ran 20-plus years and were negotiated as far back as the turn of the century. A lot of them where standalone structures; others were Mall "anchors".

Those kinds of facilities don't get easily repurposed. In one case I know the Mall operator/landlord tried to buy the store to keep it open themselves under a different name. But that would be the exception; most stores simply didn't generate enough revenue from book sales to justify the premium high-traffice square footage.

Few business can. Hence, they remain empty.
Right-o.

Can you imagine what the monthly lease must be for the Borders with it's share of $339K property tax?
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