Hundreds of new Dollar Tree, Burlington Stores and Ollie's Bargain Outlet stores were the product of lease acquisitions from retailer bankruptcies
For the DT case, looks like they paid $75K per store to acquire the lease. What do you think the all-in cost is per store before it opens? So the $75k, plus $X of dark rent, plus $Y of preopening / renovations? Something like $150K per store?
For the DT case, looks like they paid $75K per store to acquire the lease. What do you think the all-in cost is per store before it opens? So the $75k, plus $X of dark rent, plus $Y of preopening / renovations? Something like $150K per store?