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Updated about 1 year ago on . Most recent reply
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Prospective tenant wants to play prerecorded music on patio and asks for $20/SF in TI
Hi BP,
We have a vacant unit that is end cap with drive through and patio. Previous tenant was a coffee shop. This week I received an LOI from a prospective tenant who will also be a coffee shop. There are 2 things from the LOI that I need input/advice for:
- They want to play prerecorded music on the patio. We currently don't allow this. Our other end cap is a restaurant and has a patio also but we don't allow this. Should we allow this now? What are the pros and cons?
- They ask for $20/SF in TI. Previous tenant was a coffee shop and this prospective tenant also is going to be a coffee shop so most set up should be there already. So asking for $20 in TI seems steep to me. What do you all think a reasonable TI should be in this case? How much TI will you give if it were you?
Thanks!