AUTOZONE WEST LLC (FREESTANDING BUILDING LEASE)-2015

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4. COMMENCEMENT OF TERM: The term of this Lease (the "Term ") shall be for a period of five (5) years, which shall commence on May 1, 2015 (the "Commencement Date ") and end on April 30, 2020, unless sooner terminated or extended as provided herein. 5. EXTENSION P'IERII®DS: Landlord hereby grants to Tenant three (3) separate options to extend the Term for three (3) separate consecutive additional periods (the "Extension Periods ") of five (5) years each on the same terms and conditions as set forth in this Lease for the Term other than Rent (as defined herein). Each option shall be automatically exercised by Tenant unless Tenant shall give notice to Landlord at least three (3) months prior to the expiration of the Term or any Extension Period then in effect of Tenant's desire to terminate this Lease, and upon such automatic renewal, the Extension Period shall become part of the Term. 6. RENT: (a) Tenant shall pay to Landlord, as rent ( "Rent "), throughout the Term the monthly sum of Eleven Thousand Dollars ($11,000.00) ($132,000.00 annualized) in advance, on the first day of each calendar month, beginning on the Commencement Date and continuing through the life of the initial Term. All payments of Rent and other sums due to Landlord hereunder shall paid to the order of Landlord or to such other person or entity or at such other place within the continental Unified States as shall be designated by Landlord. Landlord shall also accurately complete, sign and deliver to Tenant an IRS Form W -9. Landlord and Tenant hereby agree that Rent for any Extension Period, if the option for such is exercised by Tenant, shall be as follows: First 5 year Extension Period: Second 5 year Extension Period: Third 5 year Extension Period: 7. LANDLORD'S TMLE: $12,100.00 per month ($145,200.00 annualized) $13,310.00 per month ($159,720.00 annualized) $14,641.00 per month ($175,692.00 annualized) (a) Landlord hereby covenants, represents and warrants to Tenant that Landlord has fee simple title to the Demised Premises and has the full right and lawful authority to make this Lease. Notwithstanding anything contained herein to the contrary, if there are any liens, security interests, restrictions, leases, encumbrances, encroachments, laws, ordinances, governmental rules or regulations, title restrictions, zoning, endangered species or any other matters which in fact interfere with Tenant's use of the Demised Premises, then Tenant may terminate this Lease without owing any liability to Landlord. Landlord covenants that so long as Tenant is not in monetary default hereunder, Tenant shall have quiet and peaceful possession 5538 Freestanding Building Lease 04212015 2