|
Retail Leasing Program
Prospective tenants should be prepared to provide a three (3) year
history of financial statements, a current personal financial
statement on each principal in the legal entity and a projected
financial statement for the proposed business.
Lease Term
All leases shall be for a minimum of ten years.
Rental Rate
The minimum base rental rate is outlined in the available space
database
click here. Currently there is no build out allowance.
Additional Rent
In addition to base rent, the tenant shall, during each lease year,
pay to Landlord as “additional rent,” a tenant’s proportionate share
of: the sum of operating expenses plus taxes plus insurance and an
annual increase in the base rent of no less than 3.0%.
Build Out Allowance
In the event that the prospective tenant wishes for Gumenick
Properties to provide a build out allowance, the total amount shall
be added to the base rent per square foot and amortized over the
original term of the lease.
Security Deposit
Security deposits will be determined on a case by case basis
depending on the credit rating of the perspective tenant.
Parking
Parking shall be provided for Tenant’s employees and customers in the
portion of the parking garage designated on the plans for the retail
component of the project. These will be available on a first come,
first served basis at the prevailing market rates. There will be 98
metered spaces. |
| |
|
