City of Piqua Agenda Packet 2026-06-16
Piqua plans lease with Thai 9 for Fort Plaza
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Description
The Piqua City Commission is asked to authorize the Interim City Manager to execute a five-year lease with Thai 9 Store 2, LLC dba Thai 9 Piqua for 110 W. High Street in Fort Piqua Plaza. The agreement brings a regional Thai and sushi restaurant brand to downtown Piqua, sets escalating base rents, and grants preferred catering rights for the building’s banquet center.
Contract Details
Contract Amount
Year 1: $0 base rent during up to 6 months pre-opening; Year 1 post-opening: $3,578/month ($43,000/year); Years 2–5: $4,167/month ($50,000/year); Security deposit: $7,000; Additional percentage fees for banquet events
Vendor
THAI 9 STORE 2 LLC DBA THAI 9 PIQUA
Agency
City of Piqua, OH
Contract Type
FACILITIES
Document Date
June 16, 2026
Contract Term
Initial 5-year term commencing upon lease execution, with one additional 5-year renewal option if exercised 180 days before expiration
Renewal Info
Lease is renewable for one additional five-year term at Lessee’s option, exercisable by written notice at least 180 days before the initial term ends; upon renewal, Lessor may increase base rent by up to 20% over the final year’s base rent.
More from THAI 9 STORE 2 LLC DBA THAI 9 PIQUA
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