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Property Description - Lofty Holding 621 E Le Claire Road LLC.pdf

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621 E Le Claire Road, Eldridge, IA 52748 Property Description - 621 E Le Claire Road is a 7,800 square foot free standing retail building built in 2010 - - Unit 1 approximately 3,000 sqft Unit 2 approximately 1,670 sqft Unit 3 approximately 1,600 sqft Unit 4 approximately 1,600 sqft Fully-occupied & all tenants on a triple-net lease (NNN) - In addition to the base rent, Tenant’s pay Pro Rata Share of the Operating Costs each year and prorated on a daily basis for any partial Lease Year. Tenant’s

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621 E Le Claire Road, Eldridge, IA 52748
Property Description

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621 E Le Claire Road is a 7,800 square foot free standing retail building built in 2010
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Unit 1 approximately 3,000 sqft
Unit 2 approximately 1,670 sqft
Unit 3 approximately 1,600 sqft
Unit 4 approximately 1,600 sqft

Fully-occupied & all tenants on a triple-net lease (NNN)
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In addition to the base rent, Tenant’s pay Pro Rata Share of the Operating Costs
each year and prorated on a daily basis for any partial Lease Year. Tenant’s Pro
Rata Share of Operating Costs shall be estimated by Landlord on the Rent
Commencement Date and annually thereafter.

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This includes:
- Property Taxes
- Insurance
- Lawn & Snow
- Trash Removal

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NOTE: should one or more of the units become vacant, then the landlord would be
responsible for the pro rata portion of the vacant unit(s) operating expense & & Common
Area Maintenance expense (CAM)

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Landlord responsibilities

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Keeping the land and the off-site ingress and egress easements clear of snow and
ice;
Keeping the land and the off-site ingress and egress easements clear of trash,
litter and debris;

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Placing, keeping in repair, and replacing, when necessary, appropriate directional
signs, striping markers and lines, reserved parking designations, curbs and
bumpers;
Maintaining all landscaped areas, making such replacement of shrubs and other
landscaping as is necessary to maintain all landscaping in a neat, clean and
attractive manner and keeping those areas, at all times, adequately weeded,
fertilized and watered;
Maintaining a satisfactory pest program in the building