Marketing Plan

The Marketing Plan for RED Church will include some assumptions which were not included in our initial development analysis. We will assume that the property will be leased from a property owner as opposed to the new construction and financing for RED Church. We will be leasing at a rate comparable to the surrounding area. We will also assume that the asking rent is feasible in providing the property owner with his required rate of return for development and property ownership. We will be using the 1 acre lot and 5,500 sqft building option.

Leasing Terms

• Triple Net Lease (NNN). All expenses are paid by the Lessee.
• 5 Year Fixed Lease. Afterwhich, (2) 2-year Renewal options at current contract rent.
• $13.50 sf/year of built area (5,500 sqft) paid monthly
• 3% Rent Adjustment each year

Leasing Commissions

• 4.5% per month of Lease Payment

Comparables for Rent

• Indian Restaurant - 9,667 sqft Building, Land, and Parking Lot $14.40 /sqft/yr
• Other Office and Retail uses are leasing for $10-$15 in surrounding areas. Includes building only. Not full use of entire property. 
• Source: LoopNet

The annual rate of $13.50 was chosen since the property is not in the immediate area of many of the comparables, though it is relatively close. Though, the property does retain full usage of the building and site.