Renting a shop?

Right now I'm not in any position to buy property and build. My friend is kicking around that idea and mentioned it to me but I'm not a big fan of making a huge move like that with a friend. We are great friends and have loaned each other money in the past but I have seen friends go into ownership together and things get ugly. We found a shop near our houses that are 20 by 40 for 400 a month it has electric as well. We are going to check it out this weekend.