Save-Rite Drug Stores, Inc. v. Stamm

McGHEE, Chief Justice.

The appellant is lessee of a building owned by appellees, where appellant operates a department drug store. The lease contains the following provisions, among others:

"Article II

“Use of Premises

“With the appurtenances to be used for a retail drug department store.

“Article III

“Term and rent

“To have and to hold * * * to pay the said Lessor as rent for the said described premises, the sum of Fifteen Hundred Dollars per month as a minimum rental * * * . In the event the gross sales of Lessee, as hereinafter defined, during any lease year, are in excess of $750,000.00, then…