secwatch.observer — SEC 8-K summary
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Issuer:     Zoned Properties, Inc. (ZDPY)
CIK:        0001279620
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001213900-24-040154
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zoned Properties amends cannabis facility lease; tenant commits $850k capital improvements and store opening
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- Tenant Rapid Fish LLC to spend $850,000 on capital improvements at Woodward Ave premises in Pleasant Ridge, MI.
- Renovation must be completed within 3 months; failure constitutes default.
- Lease term extended to 18 years from initial term; security deposit partially refunded as rent credits.
- Rent reduction of $3,846/mo possible if North Lot parking obligations are released within 18 months.
- Original guarantors reaffirm guarantee; may be released after 14.5-year lease term.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1279620/000121390024040154/0001213900-24-040154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1279620/000121390024040154/ea0205353-8k_zoned.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-040154

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer