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Rent Roll & Lease Terms - Lofty Holding 621 E Le Claire Road LLC.pdf

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621 E Le Claire Road, Eldridge, IA 52748 Rent Roll & Lease Terms UNIT 1 TENANT: McDonald’s (McDonald’s USA, LLC) - Initial Lease started 03/24/2010 for a 10-year lease term with 5-year renewal options at $4,583.33 base rent per month - Approximately 3,000 square foot space - First 5-year lease option exercised on 09/23/2021 through and including 09/22/2026 at $5,595.33 base rent per month ($67,143.96 annually) - - Current year CAM $23,000 annually - Semi-annual payments to landlord - March 1st $

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621 E Le Claire Road, Eldridge, IA 52748
Rent Roll & Lease Terms

UNIT 1 TENANT: McDonald’s (McDonald’s USA, LLC)
-

Initial Lease started 03/24/2010 for a 10-year lease term with 5-year renewal options at
$4,583.33 base rent per month

-

Approximately 3,000 square foot space

-

First 5-year lease option exercised on 09/23/2021 through and including 09/22/2026 at
$5,595.33 base rent per month ($67,143.96 annually)

-

-

Current year CAM $23,000 annually
- Semi-annual payments to landlord
- March 1st $11,500
- September 1st $11,500

-

Total collected annually $90,143.96 (BASE RENT + CAM)

Remaining 5-year lease option schedule:
-

Second Option Period
Third Option Period
Fourth Option Period
Fifth Option Period

$6,098.91 per month
$6,647.81 per month
$7,246.11 per month
$7,898.26 per month

-

Sixth Option Period
Seventh Option Period
Eighth Option Period

$8,609.11 per month
$9,383.93 per month
$10,228.48 per month

UNIT 2 TENANT: Domino’s Pizza (Ocel’s Enterprises Inc.)
-

Initial Lease started 04/01/2021 on a 10-year lease with up to five additional periods of
5-year renewal options at $2,400.93 base rent per month ($28,811.16)
-

Current year CAM annually $6,728.76
- Monthly payments to landlord $560.73

-

Total collected annually $35,539.92 (BASE RENT + CAM)

-

Approximately 1,670 square foot space

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Base Rent Schedule
-

YEARS 1-10
- $28,811.16 ANNUAL; $2,400.93 MONTHLY
YEARS 11-15
- $30,539.88 ANNUAL; $2,544.99 MONTHLY
YEARS 16-20
- $32,372.16 ANNUAL; $2,697.69 MONTHLY
YEARS 21-25
- $34,314.60 ANNUAL; $2,859.55 MONTHLY
YEARS 26-30
- $36,373.44 ANNUAL; $3,031.12 MONTHLY
YEARS 31-35
- $38,555.88 ANNUAL; $3,212.99 MONTHLY