HomeMy WebLinkAbout1550 LEHSS AGRtiEMEN~
PAItTI~5 TIIIS INUL•'qTUR~, rt~adc the ~~day of
, the surviving ap use of ~jj~~~
1975, betWeen Edwin P. Canac~ty/a~ Pearl C. C ad~jr, P.O. 8ox3870,
Fort Pierce, Florida, Party of the first part, hereinafter called
the Lessor, and Benson Wholesale Company, Inc., a duly orqanized
and existing corpoxation having an office and place of business
at P.O. Box 398, Geneva, Alabama. party of the second part,
hereinafter called the LesseQ. •
PURPOSE WITNESSETH: That tDe Lessor has agreed to let and hereby
does let and demise to the Lessee, and the Lessee has agreed ~ ~
to take and hereby does take frora the Lessor, for the purpose
of a general merchandise business. a store building upon the
following described property owned by the Lessor, situated in
the City of Fort Pierce, County of St. Lucie, State of Florida=
PREMISES The Store located on Southwest corner of Inter- ~
section Qf Orange Avenue a~d 8th Street, Fort ~ ~
Pierce, St. Lucie County, Florida, being described ~
~ as Lots, l, 2, 3, 4 and part of Lot 5, Parkway Sub- Q
division, Fort Pierce, Florida, and a parkinq ~
lot adjacent theretv measurinq 18,500 sq. feet. V
TERM TO HAVE AND TO HOLD THE SANE for a term of ten (10) O
R~NT ~
years to begin upon the ~jst ~day of T~~ ,
19?5, and to end on the 30th day of June ,_1985, ~
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(beqinninq and endinq dates of lease to be determined by ~
supplemental•agreement between Lessor and Lessee~, at a monthly \
rental of $900.00 per month, plus State Sales Tax for the first ~
` two years, $1000.00 per month, plus tax, for the second three
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~ years, $1,100.00 per month, plus tax, for the next tbree years, ~
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~ and $1,200.00 per month, plus tax, for the last two years, in
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~ advance on the first day of everyymonth during said term; and
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~ ~ the Lessee covenants to pay the rent herein reserved. .
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~ ~~~xC£t~TAGE It Lt of the, annual gross sales (hereinafter defined) exceed
R~:+TAL
; 12 times the guaranteed monthty rental in any lease year, as
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hereinafter defined, it is understovd that at the end of ~~ach
E lease year the lessee shall pay to the I.essor as rent on the
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! premises, that amount in excess ot lt of annual gross sales.
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