Current Tenant & Lease Structure
Tenant – Junction Fuels, LLC
Rate – Current Base Rent is $12,922.69 per month through January 2025 with 2.5% annual increases through the end of the term.
Commencement Date – Tenant has leased the property since February 1, 2021.
Term Remaining – Primary Term expires on January 31, 2026.
Lease Structure – Lease is structured on a NNN basis where Landlord is responsible for the structural systems including the roof and exterior walls except plate glass windows and doors. Tenant is responsible for taxes, insurance, utilities and all other maintenance repairs including HVAC system up to $1,000 per system per year during the lease term.