The Company leases space to a Save-A-Lot grocery store at our Indianapolis location.

Save-A-Lot corporate assumed the lease in March 2014 for seven years with three five-year options.

Monthly rent charged to the tenant is $13,373 per month. Total rental income relating to this lease was $160,470 for the years ended December 31, 2016 and 215, respectively. The following is a schedule of future minimum rentals under the lease:


Year Ending December 31,

2017	$	160,470
2018		160,470
2019		160,470
2020		160,470
Thereafter		120,352
Total	$	762,323

The initial lease term ends September 30, 2021. Save-A-Lot reserves the right to exercise three five-year options, which would extend the maturity date to September 30, 2036.

The Company intends to sell the leased property during the year ended December 31, 2017. This will result in the loss of a portion of projected rental income in 2017 once the sale is completed, as well as all other years under the lease agreement in effect. Proceeds from the sale of the property will be used to pay down the mortgage principle on the retained real estate property which includes our theater building.