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I Almost Signed a Lease… Until I Saw "We Buy Rats" | Episode 38: I Own a Shopping Center, Now What?

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Manage episode 496029749 series 1746302
Content provided by Beth Azor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Beth Azor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Not every tenant is the right fit for a shopping center, and sometimes, what looks like a great leasing opportunity can take a shocking turn. In this episode, I share a jaw-dropping story from my own real estate experience—one that completely changed my perspective on a deal.

I was seriously considering leasing to a pet store tenant who, on paper, seemed perfect. But then I visited one of their existing locations… and right in the window was a massive sign that read: “We Buy Rats.” What I discovered next made me rethink the entire agreement.

🔑 Key Takeaways from This Episode:

  • Why you (or your leasing agent) MUST visit a tenant’s current location before signing a lease
  • The unexpected red flags that could save you from a bad deal
  • How tenant mix affects your property’s value and the neighborhood’s overall appeal
  • Would YOU lease to a "We Buy Rats" store? Here's why I didn’t.

This is a crucial lesson in due diligence for commercial real estate. Have you ever had to turn down a tenant? I’d love to hear your story in the comments!

  continue reading

263 episodes

Artwork
iconShare
 
Manage episode 496029749 series 1746302
Content provided by Beth Azor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Beth Azor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Not every tenant is the right fit for a shopping center, and sometimes, what looks like a great leasing opportunity can take a shocking turn. In this episode, I share a jaw-dropping story from my own real estate experience—one that completely changed my perspective on a deal.

I was seriously considering leasing to a pet store tenant who, on paper, seemed perfect. But then I visited one of their existing locations… and right in the window was a massive sign that read: “We Buy Rats.” What I discovered next made me rethink the entire agreement.

🔑 Key Takeaways from This Episode:

  • Why you (or your leasing agent) MUST visit a tenant’s current location before signing a lease
  • The unexpected red flags that could save you from a bad deal
  • How tenant mix affects your property’s value and the neighborhood’s overall appeal
  • Would YOU lease to a "We Buy Rats" store? Here's why I didn’t.

This is a crucial lesson in due diligence for commercial real estate. Have you ever had to turn down a tenant? I’d love to hear your story in the comments!

  continue reading

263 episodes

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