FIRST AMENDMENT TO MASTER SUBLEASE AGREEMENT
EXHIBIT 10.2
***** Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request. Omissions are designated as [*****]. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission.
FIRST AMENDMENT TO MASTER SUBLEASE AGREEMENT
This First Amendment to Master Sublease Agreement (this “Amendment”) is made and entered into by and between SEARS, XXXXXXX AND CO., a New York corporation and KMART CORPORATION, a Michigan corporation (as their interests may appear), each as a sublandlord (collectively, “Sublandlord”), and LANDS’ END, INC., a Delaware corporation, as the subtenant (“Subtenant”), to be effective on July 6, 2015 (the “Effective Date”).
W I T N E S S E T H
WHEREAS, Sublandlord and Subtenant previously entered into that certain Master Sublease Agreement dated as of April 4, 2014, but effective as of February 1, 2014 (the “Sublease”).
WHEREAS, Sublandlord and Subtenant desire to amend the terms of the Sublease to memorialize relocations pursuant to Section 14 of the Sublease, space changes pursuant to Section 14 of the Sublease, expirations pursuant to Section 2(a) of the Sublease and terminations pursuant to Section 29 of the Sublease previously agreed to by Sublandlord and Subtenant in the ordinary course of the operation of the Subtenant’s business and the Sublandlord’s business.
NOW, THEREFORE, pursuant to the foregoing, and in consideration of the mutual covenants and agreements contained in the Sublease and herein, the Sublease, as of the Effective Date of this Amendment, is hereby modified and amended as set out below:
1.Defined Terms. All capitalized terms used herein shall have the same meaning as defined in the Sublease, unless otherwise defined in this Amendment.
2. Recitals. The Recitals of the Lease are hereby amended by deleting the phrase: “FY-2014 Begin. Sq. Ft.” and replacing it with the phrase: “FY-2015 Begin Sq. Ft.”
3. Annex A. Annex A of the Sublease is deleted in its entirety and replaced with Annex A attached hereto.
4. Miscellaneous. With the exception of those terms and conditions specifically modified and amended herein, the herein referenced Sublease shall remain in full force and effect in accordance with all its terms and conditions. In the event of any conflict between the terms and provisions of this Amendment and the terms and provisions of the Sublease, the terms and provisions of this Amendment shall supersede and control.
5. Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, and all of such counterparts shall constitute one agreement. To facilitate execution of this Amendment, the parties may execute and exchange
facsimile or e-mailed pdf counterparts of the signature pages and such counterparts shall serve as originals.
2
IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the dates set forth below, to be effective for all purposes, however, as of the Effective Date.
SUBLANDLORD: |
SEARS, XXXXXXX AND CO., a New York corporation |
corporation |
By: /s/Xxxxxxx Xxxxxxxxxxxx |
Name: Xxxxxxx Xxxxxxxxxxxx |
Title: SVP Real Estate |
Date: July 6, 2015 |
KMART CORPORATION, a Michigan |
corporation |
By: /s/Xxxxxxx Xxxxxxxxxxxx |
Name: Xxxxxxx Xxxxxxxxxxxx |
Title: SVP Real Estate |
Date: July 6, 2015 |
SUBTENANT: |
LANDS’ END, INC., a Delaware corporation |
By: /s/Xxxxx X. Xxxxxxxx |
Name: Xxxxx X. Xxxxxxxx |
Title: Vice President, Business Finance |
Date: July 6, 2015 |
-3-
ANNEX A
[ATTACHED]
24483183.1 121102 1117C 00700058 | 4 |
716732265.5
Store Num | Store Name | Lease Term | FY2015 Begin Sq Ft | Lease Factor | Yr 1 Rent PSF | Yr 1 Rent | FY2016 Begin Sq Ft | Lease Factor | Yr 2 Rent PSF | Yr 2 Rent | FY2017 Begin Sq Ft | Lease Factor | Yr 3 Rent PSF | Yr 3 Rent |
1403 | 1403 NATICK | 5.00 | 14,466 | [*****] | [*****] | [*****] | 14,466 | [*****] | [*****] | [*****] | 14,466 | [*****] | [*****] | [*****] |
1243 | 1243 HANOVER | 3.00 | 15,329 | [*****] | [*****] | [*****] | 15,329 | [*****] | [*****] | [*****] | 15,329 | [*****] | [*****] | [*****] |
2173 | 2173 SARATOGA | 3.00 | 6,281 | [*****] | [*****] | [*****] | 6,281 | [*****] | [*****] | [*****] | 6,281 | [*****] | [*****] | [*****] |
1334 | 0000 XXXXXXXXXX XXXXX XXXXX | 3.00 | 7,909 | [*****] | [*****] | [*****] | 7,909 | [*****] | [*****] | [*****] | 7,909 | [*****] | [*****] | [*****] |
2603 | 2603 NEW HARTFORD | 0.49 | 8,657 | [*****] | [*****] | [*****] | 8,657 | [*****] | [*****] | [*****] | 8,657 | [*****] | [*****] | [*****] |
2023 | 2023 CONCORD | 3.00 | 6,718 | [*****] | [*****] | [*****] | 6,718 | [*****] | [*****] | [*****] | 6,718 | [*****] | [*****] | [*****] |
2344 | 2344 STATE COLLEGE | 0.57 | 3,056 | [*****] | [*****] | [*****] | 3,056 | [*****] | [*****] | [*****] | 3,056 | [*****] | [*****] | [*****] |
1470 | 1470 GREENWOOD | 3.00 | 4,707 | [*****] | [*****] | [*****] | 4,707 | [*****] | [*****] | [*****] | 4,707 | [*****] | [*****] | [*****] |
1984 | 1984 BUFFALO/HAMBURG | 3.00 | 8,118 | [*****] | [*****] | [*****] | 8,118 | [*****] | [*****] | [*****] | 8,118 | [*****] | [*****] | [*****] |
1534 | 1534 SCRANTON | 0.91 | 5,963 | [*****] | [*****] | [*****] | 5,963 | [*****] | [*****] | [*****] | 5,963 | [*****] | [*****] | [*****] |
1199 | 1199 SAN MATEO | 1.00 | 8,997 | [*****] | [*****] | [*****] | 8,997 | [*****] | [*****] | [*****] | 8,997 | [*****] | [*****] | [*****] |
2373 | 2373 NO DARTMOUTH | 3.00 | 4,076 | [*****] | [*****] | [*****] | 4,076 | [*****] | [*****] | [*****] | 4,076 | [*****] | [*****] | [*****] |
1646 | 1646 PINEVILLE | 1.47 | 5,894 | [*****] | [*****] | [*****] | 5,894 | [*****] | [*****] | [*****] | 5,894 | [*****] | [*****] | [*****] |
2343 | 2343 LANESBORO (PITTSFIELD) | 1.73 | 5,537 | [*****] | [*****] | [*****] | 5,537 | [*****] | [*****] | [*****] | 5,537 | [*****] | [*****] | [*****] |
1064 | 1064 LANGHORNE/OXFORD VLY | 2.04 | 8,103 | [*****] | [*****] | [*****] | 8,103 | [*****] | [*****] | [*****] | 8,103 | [*****] | [*****] | [*****] |
1323 | 1323 MIDDLETOWN | 2.33 | 6,299 | [*****] | [*****] | [*****] | 6,299 | [*****] | [*****] | [*****] | 6,299 | [*****] | [*****] | [*****] |
2453 | 2453 GLENS FALLS | 2.50 | 5,266 | [*****] | [*****] | [*****] | 5,266 | [*****] | [*****] | [*****] | 5,266 | [*****] | [*****] | [*****] |
1213 | 1213 AUBURN | 2.75 | 9,695 | [*****] | [*****] | [*****] | 9,695 | [*****] | [*****] | [*****] | 9,695 | [*****] | [*****] | [*****] |
1725 | 1725 ANNAPOLIS | 2.83 | 14,383 | [*****] | [*****] | [*****] | 14,383 | [*****] | [*****] | [*****] | 14,383 | [*****] | [*****] | [*****] |
1014 | 1014 ENFIELD | 3.00 | 7,435 | [*****] | [*****] | [*****] | 7,435 | [*****] | [*****] | [*****] | 7,435 | [*****] | [*****] | [*****] |
1468 | 1468 CUPERTINO | 0.72 | 6,483 | [*****] | [*****] | [*****] | 6,483 | [*****] | [*****] | [*****] | 6,483 | [*****] | [*****] | [*****] |
2664 | 2664 XXXXXXXXX | 3.50 | 7,829 | [*****] | [*****] | [*****] | 7,829 | [*****] | [*****] | [*****] | 7,829 | [*****] | [*****] | [*****] |
2113 | 2113 ROTTERDAM (SCHENECTADY) | 3.58 | 6,546 | [*****] | [*****] | [*****] | 6,546 | [*****] | [*****] | [*****] | 6,546 | [*****] | [*****] | [*****] |
1674 | 1674 WHITE PLAINS | 3.58 | 8,729 | [*****] | [*****] | [*****] | 8,729 | [*****] | [*****] | [*****] | 8,729 | [*****] | [*****] | [*****] |
1695 | 1695 ALPHARETTA | 3.72 | 12,110 | [*****] | [*****] | [*****] | 12,110 | [*****] | [*****] | [*****] | 12,110 | [*****] | [*****] | [*****] |
1202 | 1202 BEAVERCREEK/DAYTON | 3.73 | 7,316 | [*****] | [*****] | [*****] | 7,316 | [*****] | [*****] | [*****] | 7,316 | [*****] | [*****] | [*****] |
1024 | 1024 FALLS CHURCH | 3.83 | 7,472 | [*****] | [*****] | [*****] | 7,472 | [*****] | [*****] | [*****] | 7,472 | [*****] | [*****] | [*****] |
1244 | 1244 YORK/GALLERIA | 3.00 | 9,706 | [*****] | [*****] | [*****] | 9,706 | [*****] | [*****] | [*****] | 9,706 | [*****] | [*****] | [*****] |
2353 | 2353 KINGSTON | 4.66 | 6,207 | [*****] | [*****] | [*****] | 6,207 | [*****] | [*****] | [*****] | 6,207 | [*****] | [*****] | [*****] |
2071 | 2071 CINCINNATI WESTERN HILLS | 4.72 | 5,937 | [*****] | [*****] | [*****] | 5,937 | [*****] | [*****] | [*****] | 5,937 | [*****] | [*****] | [*****] |
1273 | 1273 HOLYOKE | 4.73 | 7,635 | [*****] | [*****] | [*****] | 7,635 | [*****] | [*****] | [*****] | 7,635 | [*****] | [*****] | [*****] |
2323 | 2323 HYANNIS | 4.83 | 7,915 | [*****] | [*****] | [*****] | 7,915 | [*****] | [*****] | [*****] | 7,915 | [*****] | [*****] | [*****] |
1330 | 1330 EVANSVILLE | 4.83 | 4,495 | [*****] | [*****] | [*****] | 4,495 | [*****] | [*****] | [*****] | 4,495 | [*****] | [*****] | [*****] |
1170 | 1170 LANSING | 4.83 | 9,553 | [*****] | [*****] | [*****] | 9,553 | [*****] | [*****] | [*****] | 9,553 | [*****] | [*****] | [*****] |
[*****] Confidential Information has been omitted and filed separately with the Securities and Exchange Commission.
Confidential treatment has been requested with respect to this omitted information.
A-1
Store Num | Store Name | FY2018 Begin Sq Ft | Lease Factor | Yr 4 Rent PSF | Yr 4 Rent | FY2019 Begin Sq Ft | Lease Factor | Yr 5 Rent PSF | Yr 5 Rent | Expiration Date | Leased/ Owned |
1403 | 1403 NATICK | 14,466 | [*****] | [*****] | [*****] | 14,466 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1243 | 1243 HANOVER | 15,329 | [*****] | [*****] | [*****] | 15,329 | [*****] | [*****] | [*****] | 1/31/2018 | Lease |
2173 | 2173 SARATOGA | 6,281 | [*****] | [*****] | [*****] | 6,281 | [*****] | [*****] | [*****] | 1/31/2018 | Lease |
1334 | 0000 XXXXXXXXXX XXXXX XXXXX | 7,909 | [*****] | [*****] | [*****] | 7,909 | [*****] | [*****] | [*****] | 1/31/2018 | Lease |
2603 | 2603 NEW HARTFORD | 8,657 | [*****] | [*****] | [*****] | 8,657 | [*****] | [*****] | [*****] | 7/31/2015 | Lease |
2023 | 2023 CONCORD | 6,718 | [*****] | [*****] | [*****] | 6,718 | [*****] | [*****] | [*****] | 1/31/2018 | Lease |
2344 | 2344 STATE COLLEGE | 3,056 | [*****] | [*****] | [*****] | 3,056 | [*****] | [*****] | [*****] | 8/28/2015 | Lease |
1470 | 1470 GREENWOOD | 4,707 | [*****] | [*****] | [*****] | 4,707 | [*****] | [*****] | [*****] | 1/31/2018 | Lease |
1984 | 1984 BUFFALO/HAMBURG | 8,118 | [*****] | [*****] | [*****] | 8,118 | [*****] | [*****] | [*****] | 1/31/2018 | Lease |
1534 | 1534 SCRANTON | 5,963 | [*****] | [*****] | [*****] | 5,963 | [*****] | [*****] | [*****] | 12/31/2015 | Lease |
1199 | 1199 SAN MATEO | 8,997 | [*****] | [*****] | [*****] | 8,997 | [*****] | [*****] | [*****] | 1/31/2016 | Lease |
2373 | 2373 NO DARTMOUTH | 4,076 | [*****] | [*****] | [*****] | 4,076 | [*****] | [*****] | [*****] | 1/31/2018 | Lease |
1646 | 1646 PINEVILLE | 5,894 | [*****] | [*****] | [*****] | 5,894 | [*****] | [*****] | [*****] | 7/23/2016 | Lease |
2343 | 2343 LANESBORO (PITTSFIELD) | 5,537 | [*****] | [*****] | [*****] | 5,537 | [*****] | [*****] | [*****] | 10/25/2016 | Lease |
1064 | 1064 LANGHORNE/OXFORD VLY | 8,103 | [*****] | [*****] | [*****] | 8,103 | [*****] | [*****] | [*****] | 2/15/2017 | Lease |
1323 | 1323 MIDDLETOWN | 6,299 | [*****] | [*****] | [*****] | 6,299 | [*****] | [*****] | [*****] | 5/31/2017 | Lease |
2453 | 2453 GLENS FALLS | 5,266 | [*****] | [*****] | [*****] | 5,266 | [*****] | [*****] | [*****] | 7/31/2017 | Lease |
1213 | 1213 AUBURN | 9,695 | [*****] | [*****] | [*****] | 9,695 | [*****] | [*****] | [*****] | 10/31/2017 | Lease |
1725 | 1725 ANNAPOLIS | 14,383 | [*****] | [*****] | [*****] | 14,383 | [*****] | [*****] | [*****] | 11/30/2017 | Lease |
1014 | 1014 ENFIELD | 7,435 | [*****] | [*****] | [*****] | 7,435 | [*****] | [*****] | [*****] | 1/31/2018 | Lease |
1468 | 1468 CUPERTINO | 6,483 | [*****] | [*****] | [*****] | 6,483 | [*****] | [*****] | [*****] | 10/21/2015 | Lease |
2664 | 2664 XXXXXXXXX | 7,829 | [*****] | [*****] | [*****] | 7,829 | [*****] | [*****] | [*****] | 7/31/2018 | Lease |
2113 | 2113 ROTTERDAM (SCHENECTADY) | 6,546 | [*****] | [*****] | [*****] | 6,546 | [*****] | [*****] | [*****] | 8/31/2018 | Lease |
1674 | 1674 WHITE PLAINS | 8,729 | [*****] | [*****] | [*****] | 8,729 | [*****] | [*****] | [*****] | 8/31/2018 | Lease |
1695 | 1695 ALPHARETTA | 12,110 | [*****] | [*****] | [*****] | 12,110 | [*****] | [*****] | [*****] | 10/19/2018 | Lease |
1202 | 1202 BEAVERCREEK/DAYTON | 7,316 | [*****] | [*****] | [*****] | 7,316 | [*****] | [*****] | [*****] | 10/26/2018 | Lease |
1024 | 1024 FALLS CHURCH | 7,472 | [*****] | [*****] | [*****] | 7,472 | [*****] | [*****] | [*****] | 11/30/2018 | Lease |
1244 | 1244 YORK/GALLERIA | 9,706 | [*****] | [*****] | [*****] | 9,706 | [*****] | [*****] | [*****] | 1/31/2018 | Lease |
2353 | 2353 KINGSTON | 6,207 | [*****] | [*****] | [*****] | 6,207 | [*****] | [*****] | [*****] | 9/30/2019 | Lease |
2071 | 2071 CINCINNATI WESTERN HILLS | 5,937 | [*****] | [*****] | [*****] | 5,937 | [*****] | [*****] | [*****] | 10/19/2019 | Lease |
1273 | 1273 HOLYOKE | 7,635 | [*****] | [*****] | [*****] | 7,635 | [*****] | [*****] | [*****] | 10/24/2019 | Lease |
2323 | 2323 HYANNIS | 7,915 | [*****] | [*****] | [*****] | 7,915 | [*****] | [*****] | [*****] | 11/30/2019 | Lease |
1330 | 1330 EVANSVILLE | 4,495 | [*****] | [*****] | [*****] | 4,495 | [*****] | [*****] | [*****] | 11/30/2019 | Lease |
1170 | 1170 LANSING | 9,553 | [*****] | [*****] | [*****] | 9,553 | [*****] | [*****] | [*****] | 11/30/2019 | Lease |
[*****] Confidential Information has been omitted and filed separately with the Securities and Exchange Commission.
Confidential treatment has been requested with respect to this omitted information.
A-2
Store Num | Store Name | Lease Term | FY2015 Begin Sq Ft | Lease Factor | Yr 1 Rent PSF | Yr 1 Rent | FY2016 Begin Sq Ft | Lease Factor | Yr 2 Rent PSF | Yr 2 Rent | FY2017 Begin Sq Ft | Lease Factor | Yr 3 Rent PSF | Yr 3 Rent |
2694 | 2694 FREDERICKSBURG | 5.00 | 5,347 | [*****] | [*****] | [*****] | 5,347 | [*****] | [*****] | [*****] | 5,347 | [*****] | [*****] | [*****] |
1544 | 1544 XXXX PARK | 5.00 | 7,421 | [*****] | [*****] | [*****] | 7,421 | [*****] | [*****] | [*****] | 7,421 | [*****] | [*****] | [*****] |
2138 | 2138 SANTA XXXXXXX | 5.00 | 5,841 | [*****] | [*****] | [*****] | 5,841 | [*****] | [*****] | [*****] | 5,841 | [*****] | [*****] | [*****] |
1134 | 1134 MILFORD | 5.00 | 9,130 | [*****] | [*****] | [*****] | 9,130 | [*****] | [*****] | [*****] | 9,130 | [*****] | [*****] | [*****] |
1154 | 1154 WHITEHALL | 5.00 | 7,401 | [*****] | [*****] | [*****] | 7,401 | [*****] | [*****] | [*****] | 7,401 | [*****] | [*****] | [*****] |
1254 | 1254 WILMINGTON | 5.00 | 7,863 | [*****] | [*****] | [*****] | 7,863 | [*****] | [*****] | [*****] | 7,863 | [*****] | [*****] | [*****] |
1143 | 1143 BROOKLYN/KINGS PLZ | 5.00 | 7,105 | [*****] | [*****] | [*****] | 7,105 | [*****] | [*****] | [*****] | 7,105 | [*****] | [*****] | [*****] |
1733 | 1733 YONKERS | 5.00 | 8,470 | [*****] | [*****] | [*****] | 8,470 | [*****] | [*****] | [*****] | 8,470 | [*****] | [*****] | [*****] |
2435 | 2435 CHARLOTTESVILLE | 5.00 | 6,125 | [*****] | [*****] | [*****] | 6,125 | [*****] | [*****] | [*****] | 6,125 | [*****] | [*****] | [*****] |
1958 | 0000 XXX XXXX/XXX XXXXX | 5.00 | 7,547 | [*****] | [*****] | [*****] | 7,547 | [*****] | [*****] | [*****] | 7,547 | [*****] | [*****] | [*****] |
1133 | 1133 LEOMINSTER | 5.00 | 7,483 | [*****] | [*****] | [*****] | 7,483 | [*****] | [*****] | [*****] | 7,483 | [*****] | [*****] | [*****] |
1123 | 1123 DEDHAM | 5.00 | 8,522 | [*****] | [*****] | [*****] | 8,522 | [*****] | [*****] | [*****] | 8,522 | [*****] | [*****] | [*****] |
1850 | 1850 LOUISVILLE OXMOOR | 3.00 | 8,345 | [*****] | [*****] | [*****] | 8,345 | [*****] | [*****] | [*****] | 8,345 | [*****] | [*****] | [*****] |
1758 | 1758 ESCONDIDO | 1.08 | 4,035 | [*****] | [*****] | [*****] | 4,035 | [*****] | [*****] | [*****] | 4,035 | [*****] | [*****] | [*****] |
1304 | 1304 SILVER SPRING | 3.00 | 4,973 | [*****] | [*****] | [*****] | 4,973 | [*****] | [*****] | [*****] | 4,973 | [*****] | [*****] | [*****] |
1684 | 1684 WOODBRIDGE | 1.51 | 9,422 | [*****] | [*****] | [*****] | 9,422 | [*****] | [*****] | [*****] | 9,422 | [*****] | [*****] | [*****] |
1368 | 1368 CONCORD | 1.72 | 9,947 | [*****] | [*****] | [*****] | 9,947 | [*****] | [*****] | [*****] | 9,947 | [*****] | [*****] | [*****] |
1232 | 1232 XXXX RAPIDS | 2.50 | 6,491 | [*****] | [*****] | [*****] | 6,491 | [*****] | [*****] | [*****] | 6,491 | [*****] | [*****] | [*****] |
1092 | 1092 WESTLAND (DETROIT) | 2.72 | 3,506 | [*****] | [*****] | [*****] | 3,506 | [*****] | [*****] | [*****] | 3,506 | [*****] | [*****] | [*****] |
2027 | 2027 WASILLA | 3.00 | 7,063 | [*****] | [*****] | [*****] | 7,063 | [*****] | [*****] | [*****] | 7,063 | [*****] | [*****] | [*****] |
1139 | 1139 TUKWILA | 3.50 | 8,759 | [*****] | [*****] | [*****] | 8,759 | [*****] | [*****] | [*****] | 8,759 | [*****] | [*****] | [*****] |
1765 | 1765 PALM BEACH GARDENS | 3.75 | 6,188 | [*****] | [*****] | [*****] | 6,188 | [*****] | [*****] | [*****] | 6,188 | [*****] | [*****] | [*****] |
2395 | 2395 MANASSAS | 4.37 | 7,407 | [*****] | [*****] | [*****] | 7,407 | [*****] | [*****] | [*****] | 7,407 | [*****] | [*****] | [*****] |
1280 | 1280 SPRINGDALE | 4.50 | 16,506 | [*****] | [*****] | [*****] | 16,506 | [*****] | [*****] | [*****] | 16,506 | [*****] | [*****] | [*****] |
1073 | 1073 EXTON | 4.68 | 9,039 | [*****] | [*****] | [*****] | 9,039 | [*****] | [*****] | [*****] | 9,039 | [*****] | [*****] | [*****] |
1004 | 1004 GARDEN CITY | 5.00 | 15,343 | [*****] | [*****] | [*****] | 15,343 | [*****] | [*****] | [*****] | 15,343 | [*****] | [*****] | [*****] |
1048 | 1048 PASADENA | 5.00 | 7,168 | [*****] | [*****] | [*****] | 7,168 | [*****] | [*****] | [*****] | 7,168 | [*****] | [*****] | [*****] |
1278 | 1278 TORRANCE | 5.00 | 7,489 | [*****] | [*****] | [*****] | 7,489 | [*****] | [*****] | [*****] | 7,489 | [*****] | [*****] | [*****] |
1044 | 1044 JERSEY CTY/NEWPORT | 5.00 | 5,411 | [*****] | [*****] | [*****] | 5,411 | [*****] | [*****] | [*****] | 5,411 | [*****] | [*****] | [*****] |
1013 | 1013 XXXX BURNIE | 5.00 | 8,050 | [*****] | [*****] | [*****] | 8,050 | [*****] | [*****] | [*****] | 8,050 | [*****] | [*****] | [*****] |
1283 | 1283 BRAINTREE | 5.00 | 8,694 | [*****] | [*****] | [*****] | 8,694 | [*****] | [*****] | [*****] | 8,694 | [*****] | [*****] | [*****] |
1528 | 1528 SAN XXXXXX | 5.00 | 6,922 | [*****] | [*****] | [*****] | 6,922 | [*****] | [*****] | [*****] | 6,922 | [*****] | [*****] | [*****] |
1404 | 1404 MASSAPEQUA | 5.00 | 6,997 | [*****] | [*****] | [*****] | 6,997 | [*****] | [*****] | [*****] | 6,997 | [*****] | [*****] | [*****] |
1494 | 1494 MOORESTOWN | 5.00 | 8,126 | [*****] | [*****] | [*****] | 8,126 | [*****] | [*****] | [*****] | 8,126 | [*****] | [*****] | [*****] |
1395 | 1395 KNOXVILLE WEST TOWN | 5.00 | 7,705 | [*****] | [*****] | [*****] | 7,705 | [*****] | [*****] | [*****] | 7,705 | [*****] | [*****] | [*****] |
[*****] Confidential Information has been omitted and filed separately with the Securities and Exchange Commission.
Confidential treatment has been requested with respect to this omitted information.
A-3
Store Num | Store Name | FY2018 Begin Sq Ft | Lease Factor | Yr 4 Rent PSF | Yr 4 Rent | FY2019 Begin Sq Ft | Lease Factor | Yr 5 Rent PSF | Yr 5 Rent | Expiration Date | Leased/ Owned |
2694 | 2694 FREDERICKSBURG | 5,347 | [*****] | [*****] | [*****] | 5,347 | [*****] | [*****] | [*****] | 1/31/2020 | Lease |
1544 | 1544 XXXX PARK | 7,421 | [*****] | [*****] | [*****] | 7,421 | [*****] | [*****] | [*****] | 1/31/2020 | Lease |
2138 | 2138 SANTA XXXXXXX | 5,841 | [*****] | [*****] | [*****] | 5,841 | [*****] | [*****] | [*****] | 1/31/2020 | Lease |
1134 | 1134 MILFORD | 9,130 | [*****] | [*****] | [*****] | 9,130 | [*****] | [*****] | [*****] | 1/31/2020 | Lease |
1154 | 1154 WHITEHALL | 7,401 | [*****] | [*****] | [*****] | 7,401 | [*****] | [*****] | [*****] | 1/31/2020 | Lease |
1254 | 1254 WILMINGTON | 7,863 | [*****] | [*****] | [*****] | 7,863 | [*****] | [*****] | [*****] | 1/31/2020 | Lease |
1143 | 1143 BROOKLYN/KINGS PLZ | 7,105 | [*****] | [*****] | [*****] | 7,105 | [*****] | [*****] | [*****] | 1/31/2020 | Lease |
1733 | 1733 YONKERS | 8,470 | [*****] | [*****] | [*****] | 8,470 | [*****] | [*****] | [*****] | 1/31/2020 | Lease |
2435 | 2435 CHARLOTTESVILLE | 6,125 | [*****] | [*****] | [*****] | 6,125 | [*****] | [*****] | [*****] | 1/31/2020 | Lease |
1958 | 1958 SAN XXXX/OAK RIDGE | 7,547 | [*****] | [*****] | [*****] | 7,547 | [*****] | [*****] | [*****] | 1/31/2020 | Lease |
1133 | 1133 LEOMINSTER | 7,483 | [*****] | [*****] | [*****] | 7,483 | [*****] | [*****] | [*****] | 1/31/2020 | Lease |
1123 | 1123 DEDHAM | 8,522 | [*****] | [*****] | [*****] | 8,522 | [*****] | [*****] | [*****] | 1/31/2020 | Lease |
1850 | 1850 LOUISVILLE OXMOOR | 8,345 | [*****] | [*****] | [*****] | 8,345 | [*****] | [*****] | [*****] | 1/31/2018 | GroundLease |
1758 | 1758 ESCONDIDO | 4,035 | [*****] | [*****] | [*****] | 4,035 | [*****] | [*****] | [*****] | 3/1/2016 | GroundLease |
1304 | 1304 SILVER SPRING | 4,973 | [*****] | [*****] | [*****] | 4,973 | [*****] | [*****] | [*****] | 1/31/2018 | GroundLease |
1684 | 1684 WOODBRIDGE | 9,422 | [*****] | [*****] | [*****] | 9,422 | [*****] | [*****] | [*****] | 8/5/2016 | GroundLease |
1368 | 1368 CONCORD | 9,947 | [*****] | [*****] | [*****] | 9,947 | [*****] | [*****] | [*****] | 10/19/2016 | GroundLease |
1232 | 1232 XXXX RAPIDS | 6,491 | [*****] | [*****] | [*****] | 6,491 | [*****] | [*****] | [*****] | 7/31/2017 | GroundLease |
1092 | 1092 WESTLAND (DETROIT) | 3,506 | [*****] | [*****] | [*****] | 3,506 | [*****] | [*****] | [*****] | 10/21/2017 | GroundLease |
2027 | 2027 WASILLA | 7,063 | [*****] | [*****] | [*****] | 7,063 | [*****] | [*****] | [*****] | 1/31/2018 | GroundLease |
1139 | 1139 TUKWILA | 8,759 | [*****] | [*****] | [*****] | 8,759 | [*****] | [*****] | [*****] | 7/31/2018 | GroundLease |
1765 | 1765 PALM BEACH GARDENS | 6,188 | [*****] | [*****] | [*****] | 6,188 | [*****] | [*****] | [*****] | 10/31/2018 | GroundLease |
2395 | 2395 MANASSAS | 7,407 | [*****] | [*****] | [*****] | 7,407 | [*****] | [*****] | [*****] | 6/14/2019 | GroundLease |
1280 | 1280 SPRINGDALE | 16,506 | [*****] | [*****] | [*****] | 16,506 | [*****] | [*****] | [*****] | 7/31/2019 | GroundLease |
1073 | 1073 EXTON | 9,039 | [*****] | [*****] | [*****] | 9,039 | [*****] | [*****] | [*****] | 10/5/2019 | GroundLease |
1004 | 1004 GARDEN CITY | 15,343 | [*****] | [*****] | [*****] | 15,343 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1048 | 1048 PASADENA | 7,168 | [*****] | [*****] | [*****] | 7,168 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1278 | 1278 TORRANCE | 7,489 | [*****] | [*****] | [*****] | 7,489 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1044 | 1044 JERSEY CTY/NEWPORT | 5,411 | [*****] | [*****] | [*****] | 5,411 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1013 | 1013 XXXX BURNIE | 8,050 | [*****] | [*****] | [*****] | 8,050 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1283 | 1283 BRAINTREE | 8,694 | [*****] | [*****] | [*****] | 8,694 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1528 | 1528 SAN XXXXXX | 6,922 | [*****] | [*****] | [*****] | 6,922 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1404 | 1404 MASSAPEQUA | 6,997 | [*****] | [*****] | [*****] | 6,997 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1494 | 1494 MOORESTOWN | 8,126 | [*****] | [*****] | [*****] | 8,126 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1395 | 1395 KNOXVILLE WEST TOWN | 7,705 | [*****] | [*****] | [*****] | 7,705 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
[*****] Confidential Information has been omitted and filed separately with the Securities and Exchange Commission.
Confidential treatment has been requested with respect to this omitted information.
A-4
Store Num | Store Name | Lease Term | FY2015 Begin Sq Ft | Lease Factor | Yr 1 Rent PSF | Yr 1 Rent | FY2016 Begin Sq Ft | Lease Factor | Yr 2 Rent PSF | Yr 2 Rent | FY2017 Begin Sq Ft | Lease Factor | Yr 3 Rent PSF | Yr 3 Rent |
1335 | 1335 GREENSBORO | 5.00 | 5,856 | [*****] | [*****] | [*****] | 5,856 | [*****] | [*****] | [*****] | 5,856 | [*****] | [*****] | [*****] |
1654 | 1654 MEDIA | 5.00 | 8,919 | [*****] | [*****] | [*****] | 8,919 | [*****] | [*****] | [*****] | 8,919 | [*****] | [*****] | [*****] |
1274 | 1274 RICHMOND/CHESTERFIELD | 5.00 | 7,551 | [*****] | [*****] | [*****] | 7,551 | [*****] | [*****] | [*****] | 7,551 | [*****] | [*****] | [*****] |
1463 | 1463 BURLINGTON | 5.00 | 7,315 | [*****] | [*****] | [*****] | 7,315 | [*****] | [*****] | [*****] | 7,315 | [*****] | [*****] | [*****] |
1374 | 1374 BEL AIR | 5.00 | 6,517 | [*****] | [*****] | [*****] | 6,517 | [*****] | [*****] | [*****] | 6,517 | [*****] | [*****] | [*****] |
1253 | 1253 PEABODY | 5.00 | 16,272 | [*****] | [*****] | [*****] | 16,272 | [*****] | [*****] | [*****] | 16,272 | [*****] | [*****] | [*****] |
1834 | 1834 NORTH WALES | 5.00 | 9,819 | [*****] | [*****] | [*****] | 9,819 | [*****] | [*****] | [*****] | 9,819 | [*****] | [*****] | [*****] |
1722 | 1722 BLOOMINGTON | 5.00 | 8,564 | [*****] | [*****] | [*****] | 8,564 | [*****] | [*****] | [*****] | 8,564 | [*****] | [*****] | [*****] |
1162 | 1162 AMHERST | 5.00 | 7,207 | [*****] | [*****] | [*****] | 7,207 | [*****] | [*****] | [*****] | 7,207 | [*****] | [*****] | [*****] |
1644 | 1644 LANCASTER | 5.00 | 8,635 | [*****] | [*****] | [*****] | 8,635 | [*****] | [*****] | [*****] | 8,635 | [*****] | [*****] | [*****] |
1031 | 1031 DENVER/CHERRY CREEK | 0.15 | 17,027 | [*****] | [*****] | [*****] | 17,027 | [*****] | [*****] | [*****] | 17,027 | [*****] | [*****] | [*****] |
1124 | 1124 BAY SHORE | 0.25 | 6,217 | [*****] | [*****] | [*****] | 6,217 | [*****] | [*****] | [*****] | 6,217 | [*****] | [*****] | [*****] |
Store Num | Store Name | FY2018 Begin Sq Ft | Lease Factor | Yr 4 Rent PSF | Yr 4 Rent | FY2019 Begin Sq Ft | Lease Factor | Yr 5 Rent PSF | Yr 5 Rent | Expiration Date | Leased/ Owned |
1335 | 1335 GREENSBORO | 5,856 | [*****] | [*****] | [*****] | 5,856 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1654 | 1654 MEDIA | 8,919 | [*****] | [*****] | [*****] | 8,919 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1274 | 1274 RICHMOND/CHESTERFIELD | 7,551 | [*****] | [*****] | [*****] | 7,551 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1463 | 1463 BURLINGTON | 7,315 | [*****] | [*****] | [*****] | 7,315 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1374 | 1374 BEL AIR | 6,517 | [*****] | [*****] | [*****] | 6,517 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1253 | 1253 PEABODY | 16,272 | [*****] | [*****] | [*****] | 16,272 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1834 | 1834 NORTH WALES | 9,819 | [*****] | [*****] | [*****] | 9,819 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1722 | 1722 BLOOMINGTON | 8,564 | [*****] | [*****] | [*****] | 8,564 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1162 | 1162 AMHERST | 7,207 | [*****] | [*****] | [*****] | 7,207 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1644 | 1644 LANCASTER | 8,635 | [*****] | [*****] | [*****] | 8,635 | [*****] | [*****] | [*****] | 1/31/2020 | GroundLease |
1031 | 1031 DENVER/CHERRY CREEK | 17,027 | [*****] | [*****] | [*****] | 17,027 | [*****] | [*****] | [*****] | 3/29/2015 | GroundLease |
1124 | 1124 BAY SHORE | 6,217 | [*****] | [*****] | [*****] | 6,217 | [*****] | [*****] | [*****] | 5/3/2015 | GroundLease |
[*****] Confidential Information has been omitted and filed separately with the Securities and Exchange Commission.
Confidential treatment has been requested with respect to this omitted information.
A-5