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RENT ROLL
TENANCY
Reimbursements
Tenant
Suite
Leased
Square
Feet
GLA % Lease Start
Lease
End
Rent Step
Date
Annual Rent
(PSF)
Monthly
Rent ($)
Annual Rent
($)
CAM INS
RET
PAGE 22
EK & MJ Holdings, Inc.
104-105 2,612 4.5% 7/1/2016
8/31/2021
Current
$7.00
$1,524
$18,284
Net
Net
Net
d/b/a Cheers
9/1/2017
$7.50
$1,633
$19,590
9/1/2018
$8.50
$1,850
$22,202
9/1/2019
$10.00
$2,177
$26,120
9/1/2020 $10.75
$2,340
$28,079
Comments
Renewal Options:
Tenant has two (2) options to renew its lease for five (5) years each. Base rent for the first renewal term will be $11.00 PSF. Base rent for the second
renewal term will be at the prevailing market rate.
Utility Services:
Tenant is responsible for separately-metered utilities for its Premises.
Permitted Use:
Tenant shall use its Premise solely as a Retail Liquor Store and for no other purpose without Landlord’s prior written consent.
Exclusive Use:
Tenant has the exclusive use to operate a store whose primary sales are packaged liquor and/or tobacco, with the exception of any existing tenants in the
shopping center.
HVAC Repairs &
Maintenance:
Please refer to section 13.1 (Special Agreements) of tenants lease regarding a special agreement between Tenant and Landlord regarding HVAC repairs and
maintenance.
Guarantor(s):
Rateb Alkfouf (individual).