Renting / Leasing to a Strip Club?
Book Guy
I write it like I mean it, but mostly they just want my money.
I own an empty (parking) lot, about 150 x 350 ft (short side to main street), on a street-corner, in a jurisdiction in Florida within a zone that is approved for light-industrial and for adult-entertainment.
I am not REALLY considering the idea of developing the land at all (don't want to do that at this time in my financial situation). This empty lot is the only space for parking for customers of neighboring businesses of which I am landlord. The empty lot is one lot in a row of five, the other four each have a brick shit-house on them. The region where this line-up of properties lies, tends to be low-rent, and I'm not exactly getting more than a reasonable, or even below-reasonable, return annually, after you factor in the upkeep, repairs, etc.. Some businesses do well, some do poorly, mostly up to the proprietor at the location to make it work or not. Which means there is some degree of turn-over, and sometimes one or another of the four business locations will be empty for up to three or five months or so.
So I've often had occasion to wonder, what would it be like to be landlord to a strip club? Or maybe a massage parlor / lingerie modeling studio, of the sort that provides "extras"? Those of you who have corresponded by Personal Message here at TUSCL with me know, that the area I'm talking about has a lot of extras-services locations such as that, though of course the level of service varies year by year and governmental administration by administration and jurisdiction by jurisdiction.
If there were enough hotties going in and out of a massage parlor or lingerie modeling place that I was landlord of, I think I'd be pretty likely to "look the other way" and let the cops handle it as they would see fit, pretend I didn't know any better (after all, I live out of state, why should I know anything about what they were doing at night?). And then patronize the place some late-night in hopes of finding out whether they were worth the price. :)
What do you think. Unlikely to be a good idea? The potential for "if you choose to swim with the sharks" situation seems rather likely, no?
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SJG