Again, I agree with Tim's point about the wisdom in tying up your cash for so long.

With new builds you have to watch for developers building in TI's with inflated rents on the resale.

That way for developer putting in extra 100k in TI they get 250k more (hopefully) when they sell.5 years or less remaining on the lease those are almost impossible to finance and most are cash offers.

It is true that we are only interested in tying our money down on the best of properties.

How much in TI work are you going to have to pay for a new tenant to move in?

They signed on anchor store spaces and asked for millions in TI, typically to do modest updates to physical property, a lot of it for merchandise, and rumors are the rest went into Steve's and Barry's pocket.

Other investors become disenchanted and initiate lawsuits that result in tying up property in court and syndicators time in court rather than running the property. 

Quote from @Raj Patel: Added commentsMixed Use: - Longer vacancy times - To get a tenant, you may pay a LOT in TI (Tenant Improvements) - You may be less likely to get in a lawsuit, but if you do get into one, you may be in a fight with a sophisticated business owner, not an unsophisticated individual. 

I have experience in tis are so willing to answer questions. 

Did the developer bake in TI's in exchange for the tenant to agree to above market rent?