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AUTOZONE - LEASE
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3/16/2015 11:32:27 AM
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3/16/2015 11:23:32 AM
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Timeline of Premises located at 1101 S. Bristol, Santa Ana, CA <br /> September 7, 1990—Original Lease Agreement <br /> - Executed between Jerome B. Esterkin ("Landord") and Chief Autoparts Inc. ("Tenant") <br /> - 15-Year Term <br /> - Monthly Rent Schedule: <br /> • Years 1-5 $5,950 <br /> • Years 6-10 $7,140 <br /> • Years 11-15 $8,568 <br /> • 1"Option $10,281.60 <br /> • 2"d Option $12,337.92 <br /> - Percentage Rent: <br /> o 3%of gross retail sales less total rent paid during year, property taxes, and casualty <br /> and liability insurance paid by tenant. <br /> 1994—Property Acquired by City of Santa Ana <br /> October 22, 2009—First Amendment to Lease Agreement <br /> - Updated lease agreement to establish City of Santa Ana as"Landlord" and Autozone West <br /> Inc. (formerly Chief Autoparts Inc.) as "Tenant" <br /> - Extended Term of the Lease for 5 years to expire on September 30, 2015 <br /> - Established minimum monthly rent at$10,281 through remainder of lease <br /> March 2015—Second Amendment to Lease Agreement <br /> - Seeks to extend Term of the Lease for 5 years to expire on September 30, 2020 <br /> - Seeks to establish minimum monthly rent of$11,000 <br />
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