Updated almost 11 years ago on . Most recent reply
Want advice before getting in too far.
A friend has approached me about renting a commercial location to do an antique mall type business where vendors rent spaces from you & you do all the work of running the business. I have been to places like this but never considered getting into a business like that. He is looking at a place that's about 8-10,000 sq ft. The rent is $10 a sq ft pus $2.50 sq ft NNN. They also want a 3 year lease. My concern is doing a 3 year lease on a place I'm not sure of & a business that might be risky. I've never done commercial before so all of this is new to me. Any advice? It has been vacant for several years & the area gets good traffic but the surrounding businesses are groceries, McDonald's, etc.