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Old Posted Feb 1, 2018, 6:26 PM
the urban politician the urban politician is offline
The City
 
Join Date: Jul 2004
Location: Chicago region
Posts: 21,375
Quote:
Originally Posted by left of center View Post
Everyone has their price! I wonder if that land is owned by Walgreens or being leased out to them? If its not owned by them, I would image that Walgreens would probably have a long term lease with language that would make it very expensive to break out of it early for either side. Landlord might just be waiting it out?
Like the RnR McD's, if I owned either of these lots I would sit on them for as long as I can make money, knowing that every day I am amassing a bigger and bigger fortune in land values. Yeah it sucks from an urbanity perspective, but it's a great business plan
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