[jimnotgym]

It does capture the increased value of the land around the shops though. Transferring that to the retailer is harder, as you say

[digiown]

It can be transferred by lowering sales or corporate taxes. It is also indirectly transferred by encouraging more valuable land use around the retail like public transport or complementary businesses.

[yellowapple]

Another option on top of all that is UBI, which gives customers more money to spend at those businesses.