re: Ideas for an abandoned 25,000 SF grocery store on a very good corner

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But am I missing some expenses somewhere?

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They charge that much because they can. Because they are generally well run, safe, clean, and parent's don't have to deal with having parties at their house.

They are generally big airy boxes... I imagine the electic bill, for all the lights and the a/c, is insane.

During the week, when school is in session, those places either don't open or are very slow. While they can cut down on labor at those times, still need to heat and cool the place.

I'd also imagine there is a fair amount of ongoing maintenance / wear and tear to deal with.

But I still guess the biggest cost is the initial buildout and equipment.