University of Florida, Reitz Union Retail

The Landlord of the proposed subleased area is the University of Florida, with space listed for commercial retail or office use.

Space Details/Location:

The Premises is Suite G-440, is approximately 1,488 SF± contiguous square feet, and located in the University of Florida Reitz Union on Main Campus.

The location of the premises is within the heart of the Reitz Student Union Building, with access to significant foot traffic exposure, proximity to other popular business's such as Subway, Baba's Pizza, The Halal Shack, Fat G's, Taste of Gainesville, Mia Apa, Wells Fargo, The Market, Burger 352, Starbucks, Panda Express, among others, in the area outlined in red as shown in the following Section C.

Tenant Operation:

Landlord is seeking a Tenant for Commercial Retail or Office use. Uses include but are not limited to:

Phone/IT repair, eye/sunglass shop, nail salon, photography store, arts and crafts store, skincare/body waxing service, screen printing shop, tanning salon, travel agency, moped repair shop, car rental service, vitamin shop, boutique clothing/accessory store, etc.

Stated Excluded uses: Food related users, bookstore/gator apparel, gambling, alcohol, and banking.

Delineation of space:

See floor plan in Section C.

Timing:

Occupancy is desired by July 1, 2024

Mandatory Space Tour Date:

Landlord requires interested parties to tour the space on March 7, 2024 at 9:30 AM. Any party submitting a proposal to this ITN must attend this meeting in person or have a qualified representative attend on its behalf.

All responses to this Invitation to Negotiate should include the following information:

1. Name of the Tenant being proposed for occupancy
2. Tenant's proposed use for the space
3. Date of occupancy
4. Proposed term of the sublease. Landlord's preference is for an initial five (5) year term
5. Proposed Base Rate with NNN Lease Structure
6. Utilities shall be separately metered for the suite and shall be paid directly by Tenant
7. Annual Base Rent Escalations: (IE - 5% annually)
8. Description of Tenant planned space improvements and alterations to the suite
9. Space will be subleased "as-is" to Tenant. All improvements shall be at the sole cost of Tenant
10. Estimated Tenant hours of operation
11. Required Financial Information: Audited financial statements and past 3 year tax return for the Tenant. (Summary pages are permissible initially.) Willingness to personally guarantee the sublease. (Please see Section D - Tenant Application)

1. Provide business history, years of existence, number of locations, general financial information, etc. (Please see Section D - Tenant Application)

1. Tenant Broker shall be compensated by Tenant pursuant to a separate agreement

1. Proposed Security Deposit (e.g. - First and last month's rent) University of Florida's determination of security deposit shall be based on Tenant's financial strength and creditworthiness

Evaluation of the Proposal shall be based on the following criteria:

Tenant proposals will be evaluated based upon how well each Landlord's plans meet the University's needs. Tenant responses must provide clear and easy to understand explanation of Tenant services, methods, and pricing. Specific consideration will be given to the following responses in no particular order or weighting:

1. Ability of the Tenant to perform as evidenced by their financial strength and experience.

1. Demonstrated expertise of the Tenant's staff or contracted company tasked with managing and maintaining Tenant's obligations

1. Financial terms and added value proposed by Tenant

1. Broad and overall lease agreement terms proposed and the level of flexibility provided to the University through those terms

1. Record of past performance / customer references

1. Tenant willingness to accept UF terms and conditions

Determination of and Information Concerning Tenant's Qualifications:

The University reserves the right to determine whether a Tenant has the ability, capacity, and resources necessary to perform in full any contract resulting from this ITN. The University may request from Tenant information it deems necessary to evaluate such Tenant's qualifications and capacities to deliver the products and/or services sought hereunder. The University may reject any Tenant's proposal for which such information has been requested but which the Tenant has not provided. Such information may include but is not limited to:

• Financial resources

• Personnel resources

• Physical resources

• Internal financial, operating, quality assurance, and other similar controls and policies

• Resumes of key executives, officers, and other personnel pertinent to the requirements of the ITN

• Customer references

• Disclosures of complaints or pending actions, legal or otherwise, against the Tenant

• The University reserves the right to check references with current customers as provided by the Tenant and with any customers the University identifies