Does anybody have any insight into what Starbucks' leases look like?
Do you think they extract especially favorable terms from landlords? On the one hand, they drive a ton of traffic, and put a lot of people within visual range of the rest of a properties' lessees. On the other hand, the transactions are so brief, and so many customers are in-and-out, it's not clear to me that the anchor logic exactly applies.
Rent escalations seem to regularly demolish indie coffeeshops in ways that don't seem to apply to Starbucks, though.