Also depends on the standard of retail property you're talking about. Group of 3 shops on a main road in the middle of suburbia - may have problems with whinging small business tenants, long vacancies, stagnant rent, disputes over maintenance responsibility etc. A lot of this would be a reflection on the type of tenant you've attracted.
On the other hand a premium retail strip location - great rent that's continually increasing, very little vacancy (if any), national tenants, brilliant capital growth, and IMO if tenants know what's good for them - not much whinging! Assuming the building isn't falling apart, there's still very little the LL has to do in a retail concrete box. Although I guess it does depend on lease details that are negotiated.
On the other hand a premium retail strip location - great rent that's continually increasing, very little vacancy (if any), national tenants, brilliant capital growth, and IMO if tenants know what's good for them - not much whinging! Assuming the building isn't falling apart, there's still very little the LL has to do in a retail concrete box. Although I guess it does depend on lease details that are negotiated.
