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

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Description

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 $

Extracted Content

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 landlo