Town of Eagle Liquor License Authority AgendaPacket 2026-06-25
Five-Year Eagle Convenience Store Lease Executed
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Description
Aldah M. Medsker Trust entered into a commercial lease with Feather Petroleum Company for a convenience store and fuel station property at 85 Chambers Avenue in Eagle, Colorado. The 5-year lease beginning May 1, 2026 sets base rent at $13,403 per month, with additional obligations for taxes, maintenance, and insurance, and provides three 5-year extension options at fair-market rent.
Contract Details
Contract Amount
$13,403.00 per month commencing on May 1, 2026 and continuing up to and including April 30, 2031
Vendor
ALDAH M MEDSKER TRUST
Agency
Town of Eagle, CO
Contract Type
FACILITIES
Document Date
June 25, 2026
Contract Term
Primary term of 5 years from May 1, 2026 through April 30, 2031, with three optional 5-year extension periods at renegotiated fair-market rent
Renewal Date
2031-04-30
Renewal Info
Lessee holds three automatic 5-year renewal options following the initial 5-year term. Before each renewal, parties renegotiate rent based on fair market value using a defined appraisal and arbitration mechanism; renewals are automatic unless Lessee gives 180 days' written notice of non-renewal.
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