Prospective tenant wants to play prerecorded music on patio and asks for $20/SF in TI

[Courtney Nguyen]

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!