Exhibit 10L
Store # Location: Burger King Landlord Lease Expiration Date Annual Base
- ----------- ---------------------- -------- Commencement of Initial Term Rental ($) as of
Date --------------- 10/27/96 1/
------------ ----------------
Indiana
467 Michigan City Bendan Properties 03-Sep-86 30-Sep-06 85,407
4124 Plymouth Bendan Properties 22-Jun-84 30-Jun-04 52,592
4216 Mishawaka 1 Bendan Properties 29-Aug-84 31-Aug-04 63,043
4276 Goshen 1 Bendan Properties 25-Oct-84 31-Oct-04 80,491
4435 LaPorte F & S Realty 26-Mar-85 31-Mar-05 73,900
4505 Mishawaka 2 Bendan Properties 15-May-85 31-May-05 75,322
5250 Fort Wayne 1 B.K. Fort Wayne Properties 18-Aug-86 31-Aug-06 58,632
5298 Mishawaka 3 Bendan Properties 19-Sep-86 30-Sep-06 73,251
5323 Fort Wayne 2 B.K. Fort Wayne Properties 01-Nov-86 30-Nov-06 78,242
5397 Warsaw Bendan Properties 22-Nov-86 30-Nov-06 69,873
5398 South Bend 2 Bendan Properties 08-Jan-87 31-Jan-07 82,033
5413 Huntington B.K. Fort Wayne Properties 15-Jun-87 30-Jun-07 54,960
5753 Fort Wayne 3 B.K. Fort Wayne Properties 26-Oct-87 31-Oct-07 95,004
5790 Fort Wayne 4 B.K. Fort Wayne Properties 01-Dec-87 31-Dec-07 94,000
6389 Columbia City B.K. Fort Wayne Properties 16-Apr-89 30-Apr-09 94,500
6485 Angola B.K. Fort Wayne Properties 01-Jun-89 30-Jun-09 94,500
6574 South Bend 3 Bendan Properties 26-Sep-89 30-Sep-09 72,090
6622 South Bend 4 Bendan Properties 13-Dec-89 31-Dec-09 94,497
7014 Bluffton B.K. Fort Wayne Properties 10-Dec-09 31-Dec-10 84,375
7055 South Bend 5 Bendan Properties 21-Jan-91 21-Jan-11 111,675
7060 Kendallville B.K. Fort Wayne Properties 11-Apr-91 11-Apr-11 74,250
7433 Goshen 2 Bendan Properties 01-Jul-92 01-Jul-12 86,400
8448 South Bend 6 4/ Silver Creek Plaza, Inc. 27-May-94 31-May-04 100,080
10568 Goshen 3 5/ F & S Realty 20-Feb-97 01-Mar-07 35,000
-----------
Total 1,884,117
Michigan
328 Benton Harbor 1 3/ Bendan Properties 31-Oct-90 14-Feb-03 18,523
1606 St. Joseph Bendan Properties 31-Dec-86 31-Dec-06 108,154
3172 Benton Harbor 2 J & B Realty 24-Aug-81 31-Aug-01 68,112
2624 Woodhaven Fitzpatrick Properties 12-Nov-82 11-Nov-02 95,200
4102 Highland Fitzpatrick Properties 30-May-84 30-Apr-04 77,026
300 Muskegon 1 B.K. Fort Wayne Properties 01-Jul-84 30-Jun-04 72,884
458 Norton Shores B.K. Fort Wayne Properties 01-Jul-84 30-Jun-04 66,536
5118 Hartland Fitzpatrick Properties 01-May-86 31-May-06 77,211
5193 Stevensville Bendan Properties 19-Jun-86 30-Jun-06 72,807
5188 Muskegon 2 B.K. Fort Wayne Properties 01-Jul-86 30-Jun-06 68,993
5603 Howell Fitzpatrick Properties 22-Jun-87 31-Jul-07 78,300
5988 Fremont B.K. Fort Wayne Properties 14-Apr-88 30-Apr-08 78,100
5987 South Haven Bendan Properties 05-May-88 31-May-08 74,000
810 Taylor 1 Fitzpatrick Properties 12-Sep-89 30-Sep-09 87,750
6843 Whitehall B.K. Fort Wayne Properties 06-Jul-90 30-Jul-10 92,475
7113 Dowagiac Bendan Properties 10-Apr-91 10-Apr-11 74,250
988 Brighton Fitzpatrick Properties 17-Sep-92 17-Sep-12 121,500
509 Farmington 2/ William R. Schonsheck 14-Aug-95 01-Oct-03 89,208
4814 Belleville 2 2/ Shon-Cass 01-Sep-95 31-Dec-05 118,926
-----------
Total 1,539,955
-----------
Total Rent Payments 3,424,072
Additional Comments:
1/ Generally total annual rent for related party leases for Burger
King restaurants equals annual base rental plus an amount by
which 7% of the restaurant's gross sales exceeds annual base
rental (the "percentage rental")
2/ Percentage rental rate is 8 1/2% of gross sales.
3/ Percentage rental rate is 8% of gross sales.
4/ Percentage rental rate is 5% of gross sales.
5/ Has no percentage rental.