United Grocery Outlet
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Overview / Comments
Single-tenant grocery retailer in Harriman, TN. 5 years remaining on initial term with two 5-year options. 10 percent rent increases during each option. Tenant has agreed to execute first option at close of sale to create 10-year lease obligation. Tenant pays percentage rent of 1.75% of sales subject to a monthly minimum. Landlord responsible for roof, parking lot, and HVAC above $1,000. Tenant responsible for real estate taxes in excess of those assessed in 2013 (year of lease execution).
Grocery Outlet is a brand of Bargain Barn/United Grocery Outlet, the largest closeout grocer in the Southeast with 36 locations.
Attachments & Media
||036G E 001.00
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