EX-10.81D 3 mnro-20180331xex10_81d.htm EX-10.81D

Exhibit 10.81d

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May 30, 2017

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Via Certified Mail – Return Receipt Request

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Mr. Fred Tomarchio

425 Manchester Road L.L.C.

P.O. Box 55

Glenelg, MD 21737

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RE: | Lease Agreement dated January 1, 1998 by and between 425 Manchester Road L.L.C. (“Landlord”) and Monro Muffler Brake, Inc., successor-in-interest to Mr. Tire, Inc. (“Tenant”) for premises situate at 425 Manchester Road, Westminster, MD [MMB #754]

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Dear Fred:

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Please accept this letter as Monro Muffler Brake, Inc.’s official notification of our intent to renew said lease agreement for the ten-year renewal period commencing April 1, 2018 and expiring March 31, 2028. The rent for said renewal shall be increased annually by 3% as shown below:

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﻿ | April 1, 2018 - March 31, 2019 | $15,351.94
﻿ | April 1, 2019 - March 31, 2020 | $15,812.50
﻿ | April 1, 2020 - March 31, 2021 | $16,286.88
﻿ | April 1, 2021 - March 31, 2022 | $16,775.48
﻿ | April 1, 2022 - March 31, 2023 | $17,278.75
﻿ | April 1, 2023 - March 31, 2024 | $17,797.11
﻿ | April 1, 2024 - March 31, 2025 | $18,331.02
﻿ | April 1, 2025 - March 31, 2026 | $18,880.95
﻿ | April 1, 2026 - March 31, 2027 | $19,447.38
﻿ | April 1, 2027 - March 31, 2028 | $20,030.80

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Tenant shall have no renewal options remaining.

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Please do not hesitate to contact Mindi Collom at 585-784-3320 if you have any questions relative to the renewal.

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Very truly yours,

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/s/ John W. Van Heel

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John W. Van Heel

CEO & President

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JVH:mc

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