Retail Watchers

bryceleinan wrote: ↑March 12th, 2023, 5:05 pm

storewanderer wrote: ↑March 11th, 2023, 11:55 pm The store is closed now, there was a snow issue with the roof. Will be interesting to see if they reopen. I hope for their sake they don't have a NNN lease, would sure be lousy to have to pay roof repairs on a building you are about to vacate.

The store was evacuated today due to the roof issue.

Yeah, that is a rough one for Raley’s if it’s NNN. I’m fairly certain the landlord has a replacement tenant in mind, otherwise, they would have negotiated with Raley’s a bit more.

It is a big space. I am surprised Raleys did not retain 30k square feet for a liquor store/snack shop/deli. But there are a lot of issues with this shopping center. Parking has been a disaster. The security contracted by the property owner cannot control/enforce the parking lot it seems. The smaller stores that have up front/building front parking seem to control their own spaces but the big open lot in front of Raleys was once very heavily patrolled and vehicles would actually get towed after having their tires chalked a couple times, but I have not seen that kind of enforcement in many years.

There is some pretty serious structural damage to this store. Curiously the part that seems to be damaged is where the original store was joined with an expansion area (side of the store with bakery/deli- used to be an old something else, I forget what, some department store I think). It is like the area where they joined the old structure and the expansion area together just sort of like collapsed or something.