Mama Lucias
- Thread starter GregV814
- Start date
Grumpy
Well-Known Member
Heard about that earlier this week, only been there a couple times. I'm not much into Italian food and wasn't a fan of their pizza. No issues with the food I've had there but I did think some of it was overpriced. Property owner banking on those apartments going up will be a boon for business as a reason for doubling the rent??(I have questions if it was really doubled)
frequentflier
happy to be living
The same thing almost happened at Anglers restaurant in Solomons and the rent was rumored to go up to $9000 a month. Property with marina, motel and restaurant was sold and the tenants of restaurant were planning to close. Right before Christmas, they renegotiated. But $9000 a month?! New owners were smoking crack.
My rent in Solomons for 4200 SQ FT is over $6400 now. Gotta sell a lot of dog food to pay it and it gets more difficult every month.
My rent in Solomons for 4200 SQ FT is over $6400 now. Gotta sell a lot of dog food to pay it and it gets more difficult every month.
NorthBeachPerso
Honorary SMIB
Pizza Hut has a place. take out only, up near the Weis in Prince Frederick in whatever that strip mall on steroids is called. Unless that's the one you mean.
Grumpy
Well-Known Member
That is the one he was talking about..closed up last Saturday
Grumpy
Well-Known Member
Buzzards are gonna be upset if that closes.
Well that suckith
Also posted on Facebook the other day, Elements is closing. Their lease was up for renewal and Rob decided to call it a day.
It's a shame when we loose places that are unique, try to do food the right way.
Cafe D'Artist is a great example of a loss. Fine dining, in a casual atmosphere, using as much locally sourced products as they could.
Rob was trying to do the same at Elements, use fresh, locally sourced products.
lost me on the copperhead shop. I think what they need is a tattoo parlor, a liquor store and a massage parlor
What businesses who complain that their rent 'doubled' often like to forget is that they just came off a 10 year non-escalating lease that they may have signed during a glut in the local commercial market.
Before I get my torches and pitchforks, I would like to know how the new rent compares to other similarly sited properties.
Before I get my torches and pitchforks, I would like to know how the new rent compares to other similarly sited properties.
LightRoasted
If I may ...
If I may ...
It's the Rentiers greed jacking up rent prices. And in addition to, doing the absolute minimum to maintain those commercial properties. Also, if they do get those higher asking rents, they have a better chance of selling, or monetizing those rents.
It's the Rentiers greed jacking up rent prices. And in addition to, doing the absolute minimum to maintain those commercial properties. Also, if they do get those higher asking rents, they have a better chance of selling, or monetizing those rents.
I've heard that complaint from several sources, maybe less than 10, but more than two
Not just retail, but office space as well. Particularly for those who have a small business. Roofs constantly leak, A/C & heat don't work, plumbing / sewage problems.
LightRoasted
If I may ...
If I may ...
And when I say monetize. A commercial property owner will command as high rents as possible, adjusting to fill all available spaces, then sell those rents for say 70% of total, or more, depending on deal struck, and cash out for the next 5 years. That's when the tenant starts to mail that rent check to another address. Or a property management company. It's a big 'ole racket. So who is the small business owner really working for? Themselves? Or the landlord? Or Wall Street?
Not only are those commercial renters paying triple net, (rent, Common Area Maintenance, and [property taxes based on their occupied square footage]), on their space, but the majority of the time, they are also responsible for upkeep of the HVAC, hot water, etc.. And they are an extremely greedy bunch, the Rentiers, property owners. Oh, and say your business fails, or you cannot keep up with payroll, vendors payments,... rent, and decide to shut up shop while you are in the 2nd year of a five year lease? You're, under your personal guarantee when you signed the lease docs, and are gonna be paying that rent until either that remaining three year period is over, or, another tenant is found, or the landlord, property management company, will see you in court. And I wonder, those of you that rent in a mall of strip mall, do your landlords, property owners, property managers ever advertise the mall, all the stores, on radio, newsprint, magazines, ie, help promote the total of the business in your mall? I only refer to malls defined such as where Giants, Foodlions, Wies', Harris Teeter, are, and maybe the Solomons area type strip mall.I've heard that complaint from several sources, maybe less than 10, but more than two
Not just retail, but office space as well. Particularly for those who have a small business. Roofs constantly leak, A/C & heat don't work, plumbing / sewage problems.
And when I say monetize. A commercial property owner will command as high rents as possible, adjusting to fill all available spaces, then sell those rents for say 70% of total, or more, depending on deal struck, and cash out for the next 5 years. That's when the tenant starts to mail that rent check to another address. Or a property management company. It's a big 'ole racket. So who is the small business owner really working for? Themselves? Or the landlord? Or Wall Street?
CD'A had a nice run of almost 20 years. I think 2 decades of being in the kitchen and on your feet all day takes it's toll on your body. But I liked their concept. Husband and wife combo. 1 in the front and 1 in the back. He never tried to get too big even though he did expand when the health food store relocated.