International Consolidated Companies Inc (INCC)

[AXE_EVERYTHING]

20 year lease - inclusive of the three 5 year extensions - Surfkast - good question, and in my opinion, they have not unveiled all the exact details as of yet

there is more happening that we will need to see future announcements to totally understand the set-up

that being said - there is DEFINITELY no risk of losing a $33million dollar per year business after 3 years

let me explain, first off in this lease, it is a 20 Year lease (provided the exercise all three 5 year options)

also - they BUYBACK with 10% interest - is a way of financing a buildout into the lease rent

this is a very good strategy for both landlord and tenant, the reason is, it is a PRACTICAL CHANCE for this grower to develop and establish themselves in their FIRST 5 years of business - to have a solid foundation so they are able to ALWAYS PAY THE RENT for the remaining of the lease


also - to answer strings question about a graduated rent increase - yes - those are in leases too, but they also can be amortized into a flat rate rent payment - which is what we see here

so instead of having a graduated rent payment per year - in this case they do a buyback and they also keep the rent the same

totally normal, totally common

nothing here is out of the norm in my opinion - it is a VERY HEALTHY LEASE !!!!!