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

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Description

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

Extracted Content

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 Pro Rata Share of Operating Costs shall be estimated by Landlord on the Rent Commencement Date and annually thereafter. - This includes: - Property Taxes - Insurance - Lawn & Snow - Trash Removal - 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) - Landlord responsibilities - 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; - - - Placing, keeping in repair, and replacing, when necessary, appropriate directional