Metro Bagel LLC
320 Main Street, Portland, OR 97201
Renewal Notice Deadline
2027-06-30
Royalty
5%
Initial Term
9 years
Expires 2032-12-31Franchise Parties
Franchisee
Metro Bagel LLC
Franchisor
Downtown Property Trust
Brand
Einstein Bros. Bagels
Premises
320 Main Street, Portland, OR 97201
Term & Renewal
Commencement Date
2024-01-01
Expiration Date
2032-12-31
Initial Term
9 years
Renewal Notice Deadline
2027-06-30
Notice Period Required
180 days prior
Renewal Options
2 options of 5 years each
Royalties & Fees
Royalty Rate
5% of gross sales
Minimum Annual Royalty
$15,000
Advertising & Marketing Fund
Ad Fund Contribution
3.5% of gross sales
Local Ad Requirement
1.5% of gross sales
Territory Rights
Description
Exclusive territory within downtown Portland core. No other branded locations within 1.5-mile radius.
Exclusive Radius
1.5 miles
Boundaries
Bounded by Burnside St to the north, I-405 to the west, Clay St to the south, and the Willamette River to the east.
Premises Rent
Lease Type
Modified Gross
Base Rent
$38.00 / SF
Square Footage
3,200 SF
Year 1-4
$38.00 / SF
Year 5-9
$40.28 / SF
Metadata
Record ID
lease-004
Uploaded
December 15, 2023
Processed
December 15, 2023