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MECKLENBURG COUNTY NOTICE OF INTENT TO LEASE PROPERTY AT 901 E. 4th Street On October 7th, 2025, the Mecklenburg County Board of Commissioners adopted a Resolution declaring its intent to lease space to Marathon Health, LLC, at 901 E. 4th Street, consistent with the following business terms: Location 901 E. 4th Street, Suites C & D Total Square Footage 3,144 SF Lease Term Five (5) years & Two (2) Months Base Lease Rate $24.38 per sq. ft. ($76,650.72/yr.) Insurance Tenant is required to maintain liability, property, Worker's Compensation and Professional Errors & Omissions insurance. Maintenance & Janitorial Tenant is responsible for all utilities and janitorial services required within Premises. Annual Increases Years 2 -5: 2% annually Revenue (Yers 1-5) Year 1: $76,650.72 Year 2: $78,191.28 Year 3: $79,731.84 Year 4: $81,335.28 Year 5: $82,970.16 Rent Abatement Tenant to receive the first two (2) months of Base Rent abatement Option to Renew One extension option: Four (4) years and Ten (10) months Delivery of Premises Tenant to take Premises "as is". Commission County shall pay a total of 6% commission on the guaranteed base rent for years 1-5 to County's broker, Colliers, and the tenant's broker, CurtisCheckerneo. The total commission is $23,932.76 and shall be divided equally between the two brokers. The Board of Commissioners will consider whether to approve the lease agreement at itsOctober 7, 2025 meeting. Anyone wishing to obtain additional information about the proposed lease maycontact Jacqueline McNeil, County Real Estate Management Director, by telephone at (980) 314-2511during normal business hours. IPL0284752 Oct 26 2025
Post Date: 10/26 12:00 AM
Refcode: #IPL0284752 
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