Unformatted text preview: tenants that pay percentage rents in terms of monthly sales above which the tenant must pay a percentage of the gross sales Anchor- draw business into a multiple-tenant retail development pay only a base rent How Percentage works- It is the percentage rent that really makes retail developments profitable, while base rents merely support the capital structure underlying the property 16. Amazon.com, J.C.Penney and Sears, The Gap, L.L.Bean, Lands’ End, Victoria’s Secret...
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This note was uploaded on 09/01/2011 for the course BUSINESS 101 taught by Professor Jones during the Spring '11 term at Southern Nazarene.
- Spring '11