Anchor Tenant Retail Rental Rate?

I have a bank owned property For Lease in Flowood, MS. A national retailer is looking at occupying 25% of the property, that has over 60% vacant, in doing so this would make them the "Anchor Tenant". The asking rate for this space is $12/SF NNN and the smaller spaces are $14/SF NNN. The retailer is saying that they can only do the deal at $8/SF NNN and are going to walk away if we can't come down to this rate. They are taking space "as-is" with no TI Allowance. Can anybody advise me as to what a fair discount/rental rate reduction would be for anchor tenants or if there is a ratio or percentage i could use in justifying this to the bank?
In Leasing Property - Asked by Micah M. - Apr 21, 2010
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Juan G.
Broker/Agent
Ontario, CA

That does not sound bad, then again I dont know what the market rents are in your area. By market I mean WHERE DEALS ARE ACTUALLY GETTING DONE.
Tell us more about the tenant, is it a soft goods or grocery store?

Apr 29, 2010
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