Wednesday, September 18, 2013

Location Fact Sheet

Cross Streets
Avenue of Champions & Lexington Avenue
Dimensions of Separate Spaces: Square Footage of Bathrooms, Square Footage of Store Rooms
7,000 ft.
Shape of Store
Rectangle
Location of Entrances/Exits
Entrance/Exit that faces Avenue of Champions & another that faces the student center
Location of Windows
Are made of glass and face both ends of the store
Month Rent, Rental/Square Foot
There is no monthly rental charge to Follett. There also is no charge per square foot for rent. Follett is required to pay the University a percent of sales
Terms of Lease
The initial lease period is for 10 years and there are five separate 1-year renewable years
Common Area Fees: Maintenance, Marketing, etc.
There are no associated fees
Security Deposit
There is no security deposit
Realtor Fees
There are no realtor fees
Expenses Incurred by Lessee: Utilities, etc.
Follett pays for telephone and IT expenses. Follett pays for custodial services and maintenance expenses. Follett will pay for routine replacement of furniture, POS systems, carpet, etc. The university pays for utilities
Allowable Renovations
Follett must obtain approval from the University on any renovation to the space

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