Laserfiche WebLink
January 25, 2023 <br />Brooke Mosier <br />Director — Colliers <br />561-512-3488 <br />Brooke.Mosier!i-)Col liers.com <br />RE: Five Guys LOl — Sebastian Corners <br />1919 US Hwy 1, Sebastian, FL 32958 <br />Dear Brooke: <br />We are pleased to submit the following proposal outlining some of the basic business terms and <br />conditions under which Flowsmart Sebastian LLC d/b/a Five Guys ("Tenant") is willing to negotiate a <br />lease for the premises identified below: <br />Landlord: Indian River County, Florida, Board of County Commissioners <br />Tenant: Flowsmart Sebastian LLC, a Florida limited liability company <br />Premises: Approximately 3,200 sf on northern end cap. (the "Premises"), located at 1919 US <br />Hwy I, Sebastian, FL 32958 as further shown on Exhibit A attached hereto ("Site <br />Plan"). <br />Lease: Five Guys Standard Lease <br />Lease Term/Options: Ten (10) year term with two (2) consecutive five (5) year options <br />Annual Rental: Years <br />Rent/SF <br />Annual Rent <br />1 - 5 <br />$15.00 <br />$48,000.00+sales tax <br />6-10 <br />$16.50 <br />$52,800.00+ sales tax <br />11 — 15 15 Option) <br />$18.15 <br />$58,080.00+ sales tax <br />16 — 20 2"d Option) <br />$19.96 <br />$63,888.00 + sales tax <br />Additional Charges: Tenant's Pro -Rata share of CAM, taxes and insurance, and any merchant's <br />association fees will not exceed $4.03 per square foot for the first full lease year, <br />with Tenant's Pro -Rata Share being equal to the square footage of the Premises <br />divided by the total square feet in the building/shopping center. Tenant's Pro -Rata <br />Share is estimated to be 117.77%1. The break down for these charges is as <br />follows: <br />Rev. 3.30.17 SN <br />CAM $ 2.89 - <br />/SF <br />Taxes <br />$ 0.37 - <br />/SF <br />Rev. 3.30.17 SN <br />