30,890+/-SF Building & 5+/- Acres located
at 3831 Pepperell Parkway, Opelika, Alabama with 156+/-ft frontage on Pepperell Parkway, 865+/-ft frontage on Yarbrough Drive. New A/C & Heat-Retail sales area, new Sprinkler System-Retail sales area, Triple Net Lease
(NNN) To Be Assigned.
Occupied by Alabama Association of Habitat Affiliates Inc
Lease began on 2/1/12 @ 3,000/Mo
on 2/1/13 @ 4,000/Mo
on 2/1/14 @ 5,000/Mo (Remaining
8 ½ yrs)
Paragraph 7 of Lease:
Reimburse Landlord for All Advalorem Taxes.
will maintain and pay for such liability, fire, and extended coverage insurance
on insurance on the leased premises, including any improvements thereon, in an
amount equal to the full insurable value of the improvements with proper
clauses in the policies of insurance making the losses payable to Landlord and
Tenant as their respective interest may appear.
Tenant shall provide liability insurance with companies
approved by Landlord insuring Landlord and Tenant against claims for personal
injury, death or property damage in the minimum amount of $1,000,000.00 in the
aggregate per occurrence.
Landlord shall specifically be made an additional insured in
all of the above mentioned policies.
Tenant shall promptly provide Landlord with copies of insurance policies
and endorsements evidencing the above insurance coverage’s.