Renewal Letter, dated May 30, 2017, from the Company to 425 Manchester Road, LLC, with respect to Store No. 754
Exhibit 10.81d
May 30, 2017
Via Certified Mail – Return Receipt Request
Mr. Fred Tomarchio
425 Manchester Road L.L.C.
P.O. Box 55
Glenelg, MD 21737
| RE: | Lease Agreement dated January 1, 1998 by and between 425 Manchester Road L.L.C. (“Landlord”) and Monro Muffler Brake, Inc., successor-in-interest to Mr. Tire, Inc. (“Tenant”) for premises situate at 425 Manchester Road, Westminster, MD [MMB #754] |
Dear Fred:
Please accept this letter as Monro Muffler Brake, Inc.’s official notification of our intent to renew said lease agreement for the ten-year renewal period commencing April 1, 2018 and expiring March 31, 2028. The rent for said renewal shall be increased annually by 3% as shown below:
|
| April 1, 2018 - March 31, 2019 | $15,351.94 |
| | April 1, 2019 - March 31, 2020 | $15,812.50 |
| | April 1, 2020 - March 31, 2021 | $16,286.88 |
| | April 1, 2021 - March 31, 2022 | $16,775.48 |
| | April 1, 2022 - March 31, 2023 | $17,278.75 |
| | April 1, 2023 - March 31, 2024 | $17,797.11 |
| | April 1, 2024 - March 31, 2025 | $18,331.02 |
| | April 1, 2025 - March 31, 2026 | $18,880.95 |
| | April 1, 2026 - March 31, 2027 | $19,447.38 |
| | April 1, 2027 - March 31, 2028 | $20,030.80 |
Tenant shall have no renewal options remaining.
Please do not hesitate to contact Mindi Collom at ###-###-#### if you have any questions relative to the renewal.
Very truly yours,
/s/ John W. Van Heel
John W. Van Heel
CEO & President
JVH:mc
