The press release does not disclose the specific rent, square‑footage or lease‑term for the Tous Les Jours location, so a precise incremental cash‑flow figure for the next 3‑5 years cannot be calculated from the information provided. In most of Comstock’s recent retail leases, base rents have ranged from roughly $35 – $45 per sf annually, with typical 10‑year terms and modest step‑up escalations (2‑3 % per year). If we assume an average 2,500‑sf boutique bakery at the midpoint of that rent band ($40 sf), the first‑year cash contribution would be about $100 k before expenses, increasing to roughly $115 k by year 5 after standard escalations.
From a trading perspective, the addition of a well‑known, high‑traffic bakery to the Reston Station “Row” development should boost foot‑traffic and ancillary sales for neighboring tenants, supporting overall rent‑per‑square‑foot growth in the portfolio. Until the lease terms are disclosed, the market will likely price in a modest incremental uplift to Comstock’s (CHCI) same‑store revenue and EBITDA guidance rather than a material cash‑flow shock. Watch for follow‑up filings (10‑Q/10‑K) that may reveal the exact lease terms, which could provide a clearer catalyst for short‑term price movement.