Yes, I purposely simplified things. In the case of the corporation, it has to look at the rent it can squeeze from the franchisee versus selling or repurposing

Yes, I purposely simplified things. In the case of the corporation, it has to look at the rent it can squeeze from the franchisee versus selling or repurposing the land. In that case, it is even more likely the store will be shut down since the corporation has way more opportunity cost than the franchisee.