Retail Lease — Broadway Plaza, Suite 210
LEASE4,385 SF · 10-year term · ready in 47s
The deal, stated plainly
A 10-year retail lease for 4,385 SF at Broadway Plaza with two 5-year renewal options.
- Base rent: $44 / sf / yr, 2.5% annual escalation
- Use: specialty coffee & baked goods; exclusive in the center
- Security: 3 months rent + personal guaranty (burn-off TBD)
Default & Cure
You have 3 days to cure a non-monetary default after written notice. The lease doesn’t extend that period even if you’re diligently working on the fix.
§Short non-monetary cure period
Section 21 sets a 3-day cure. Typical range in comparable leases is 10–30 days — worth confirming with your attorney.
Q1The guaranty in §28 has no burn-off tied to payment history — is this the right structure for our risk?