I have lived in places where you can’t walk anywhere useful because the absentee owners didn’t want to invest in finding good tenants. The buildings were fine, but partially empty, and there was even a shortage of local office space, so they could have rented at a premium with just a little bit of investment.
Is life really that complicated?
The point is that much of America is like this, and the problem is only getting worse. We’re not yet at the level of blight that we saw in some areas after the post-1970s industrial collapse, but concentration of ownership is gradually leading us there again. Poor maintenance, poor tenant selection, and underinvestment eventually hollows out neighborhoods when businesses move away or close.
Where are you going to move when most places have the same problem? The few areas not like this are getting swarmed, which creates its own problems (like traffic, parking, overcrowding, and absurd property values).
Just take a drive through random cities, neighborhoods, and towns if you don’t see it where you live.
It's just a 7-11. The charm is the walk and the experience.