5% or greater of the Company's total annualized base rent
as of March 31, 2015:
The aggregate annualized straight line rental income for the occupied units, is approximately $40,000 per unit and the average monthly base rent
, calculated as the monthly base rent
divided by the number of occupied units, is approximately $3,000 per unit.
The pay structure -- in which the landlord takes a base rent
plus an additional amount if the retailer achieves a certain sales threshold, or "breakpoint" -- has long been used in malls, brokers said.
The monthly base rent
for the lease is $30,000, five times what Castlemont is currently charged.
But there are signs that lenders may be allowing landlords to lower the base rent
instead of relying on concessions, thus recognizing that market-rate rent levels have lowered.
United Parcel Service has leased the corner retail consisting of 2,100 s/f with a base rent
of $33 psf.
Given the challenging economic and retailing environment, there continue to be a handful of troubled tenants (including Homelife, whose lease is guaranteed by Sears) that account for less than 10% of current base rent
Changes include raising the consumer price index - used to calculate rent increases - from 75 percent to 100 percent, using the previous year's rent instead of the current 1986 base rent
to calculate increases and vacancy decontrol or some form of reasonable adjustment for rents when a coach is sold.
Larger tenants, with more negotiating leverage, generally negotiated floors and ceilings which would bracket their escalation liabilities or agreed upon a formula which permitted a percentage of the CPI increase to be passed thru to become additional base rent
In addition to these locations, Acadia has a 49% joint venture interest in a 311,000 square foot shopping center which includes, among its other anchor stores, a 101,000 square foot Kmart store paying $566,000 in base rent
The first quarter 1999 leasing included 62 new leases for 102,000 square feet at an average base rent
Under the existing lease for the Worcester facility, the aggregate base rent
payable for the remaining term of the lease was approximately $1.