Current Tenant & Lease Structure

Tenant –BrightView Landscape Development, LLC

“BrightView is the largest provider of commercial landscaping services in the United States. Through its team of approximately 20,000 employees, BrightView provides services ranging from landscape maintenance and enhancements to tree care and landscape development for thousands of customers’ properties, including corporate and commercial properties, HOAs, public parks, hotels and resorts, hospitals and other healthcare facilities, educational institutions, restaurants and retail, and golf courses, among others.” Taken from www.brightview.com

Rate – Current Base Rent is $2,625 per month through March 2023 with an approximately 5% increase in April 2024.

Term Remaining – Primary Term expires on March 31, 2026.

Renewal Options – Tenant has 2 renewal terms for 3 additional years each.

Lease Structure – Lease is structured on a Modified Net basis where Landlord is responsible for roof, slab, exterior walls, structural components of building, portions of the mechanical systems, and parking area. Tenant reimburses Landlord monthly for taxes, directly insures the building and takes care of HVAC systems and all other maintenance items directly.