May 30, 2017 Via Certified Mail – Return Receipt Request Mr. Fred Tomarchio
May 30, 2017
Via Certified Mail – Return Receipt Request
Xx. Xxxx Xxxxxxxxx
000 Xxxxxxxxxx Xxxx L.L.C.
X.X. Xxx 00
Xxxxxxx, XX 00000
|
RE: |
Lease Agreement dated January 1, 1998 by and between 000 Xxxxxxxxxx Xxxx L.L.C. (“Landlord”) and Monro Muffler Brake, Inc., successor-in-interest to Mr. Tire, Inc. (“Tenant”) for premises situate at 000 Xxxxxxxxxx Xxxx, Xxxxxxxxxxx, XX [MMB #754] |
Dear Xxxx:
Please accept this letter as Monro Muffler Brake, Inc.’s official notification of our intent to renew said lease agreement for the ten-year renewal period commencing April 1, 2018 and expiring March 31, 2028. The rent for said renewal shall be increased annually by 3% as shown below:
|
|
April 1, 2018 - March 31, 2019 |
$15,351.94 |
|
|
April 1, 2019 - March 31, 2020 |
$15,812.50 |
|
|
April 1, 2020 - March 31, 2021 |
$16,286.88 |
|
|
April 1, 2021 - March 31, 2022 |
$16,775.48 |
|
|
April 1, 2022 - March 31, 2023 |
$17,278.75 |
|
|
April 1, 2023 - March 31, 2024 |
$17,797.11 |
|
|
April 1, 2024 - March 31, 2025 |
$18,331.02 |
|
|
April 1, 2025 - March 31, 2026 |
$18,880.95 |
|
|
April 1, 2026 - March 31, 2027 |
$19,447.38 |
|
|
April 1, 2027 - March 31, 2028 |
$20,030.80 |
Tenant shall have no renewal options remaining.
Please do not hesitate to contact Xxxxx Xxxxxx at 000-000-0000 if you have any questions relative to the renewal.
Very truly yours,
/s/ Xxxx X. Van Heel
Xxxx X. Van Heel
CEO & President
JVH:mc
