But in this case, the properties were mostly new structures with few tenants, and two facilities were still under construction. (nreionline.com)
Also, very few tenants remain in properties long term so a rehab will likely take place at least twice in 7 - 10 year period. (biggerpockets.com)
The issue has gained particular relevance today, as fewer tenants are expanding and the ones that are thinking about new stores have become extremely careful about choosing appropriate locations. (nreionline.com)