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A “for rent” banner atop the building occupied by Fastenal in Shelbyville has driven speculation that the store is closing, but that’s not the case, its district manager said.
Mike Miller, who oversees 10 stores in the region, said that the company has asked the landlord of its store at 251 Alpine Drive to review its 5-year lease that has 14 months remaining.
Fastenal signed its agreement with landlord Lewis Brashear during a boom time and Miller feels that the monthly rate is higher now than it should be.
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