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2023-034A
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2023-034A
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Last modified
7/6/2023 11:17:16 AM
Creation date
7/6/2023 11:06:52 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Lease
Approved Date
02/07/2023
Control Number
2023-034A
Agenda Item Number
8.K.
Entity Name
Flowsmart Sebastian, LLC dba Five Guys
Subject
Agreement of Lease, 1919US Hwy 1 Sebastian
Document Relationships
2023-034
(Cover Page)
Path:
\Official Documents\2020's\2023
2023-034B
(Agenda)
Path:
\Official Documents\2020's\2023
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Years <br />Rent/SF <br />Annual Rent <br />Minimum Monthly <br />Rent <br />1-5 <br />$15.00 <br />$48,000.00 + sales tax <br />$4,000.00 + sales tax <br />6-10 <br />$16.50 <br />$52,800.00 + sales tax <br />$4,400.00 + sales tax <br />11-15 (151 option) <br />$18.15 <br />$58,080.00 + sales tax <br />$4,840.00 + sales tax <br />16-20 (2"d option) <br />$19.96 <br />$63,888.00 + sales tax <br />$5,324.00 + sales tax <br />Security Deposit: Two months rent. <br />fi <br />Trade Name: Five Guys <br />Broker: Colliers International Florida LLC <br />SECTION 2 <br />DEFINED TERMS <br />"Calendar Year" shall mean each calendar year wholly or partially within the Term. <br />"Center" shall mean the entire parcel of land, which is, labeled as Sebastian Corners Retail <br />Center, LLC on Exhibit "A" hereto which is located at and includes 1919 - 1939 US Highway 1, <br />Sebastian, Indian River County, Florida 32958 and which contains approximately eighteen <br />thousand (18,000) square feet of leasable floor area. <br />"Commencement of the Term" shall mean the Rent Commencement Date. <br />"Common Areas" shall mean all of the automobile parking areas, driveways, and footways, <br />landscaped areas, loading facilities and other areas and facilities in the Center which are designated <br />as Common Areas from time to time by Landlord. <br />"Common Area Maintenance Expenses" Shall include all costs, expenses and expenditures <br />(including capital expenses) of operating and maintaining the Common Areas and the Center in a <br />manner deemed reasonable and appropriate by Landlord, including, but not limited to: all costs and <br />expenditures incurred in repairing, lighting, cleaning, painting, striping, surfacing and resurfacing, <br />policing and providing security services; the costs and expenditures of insurance, including the Cost <br />of insurance on the Center; the costs and expenditures of removal of snow, ice, rubbish, and debris; <br />the costs and expenditures of regulating traffic; the costs and expenditures of the replacement of <br />paving, curbs, walkways, landscaping, drainage and lighting facilities; the costs and expenditures for <br />legal and accounting services, and for other professional and consulting services; the costs and <br />expenditures for Utilities; the costs and expenditures of planting, replanting, and replacing flowers <br />and shrubbery; the costs and expenditures, including counsel and appraisal fees, incurred in <br />connection with any appeals of any Taxes; management fees paid by Landlord; costs associated with <br />any restrictive covenant; and an administrative fee to Landlord relative to the operation of the <br />2 <br />
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