Northgate Plaza
14210 Juanita Drive NE, Kirkland, WA 98034 · Retail · 68,400 SF · Built 1998 (renovated 2015) · Northgate Retail Partners LLC
Leases → Evergreen Fresh Market
Evergreen Fresh Market Suite A-100 active
32,000 SF · NNN · Term Feb 01, 2016 – Jan 31, 2031 · $21.00/SF · $672,000/yr · 2 × 5yr options remaining
Rent history how rent moved across every term and amendment
Terms on record3original plus amendments
First rent$15.75Feb 2016
Current rent$21.00in effect since Feb 2026
Change to date33.3%over 10.0 years
Compound annual growth2.92%per year, first rent to today
Contracted through$22.73final scheduled step, from Feb 2030
At Feb 2021
$17.05 → $18.50/SF
8.5%
Extension · First Amendment — Evergreen Fresh Market (executed Oct 15, 2020)
At Feb 2026
$20.02 → $21.00/SF
4.9%
Extension · Second Amendment — Evergreen Fresh Market (executed Nov 20, 2025)
| Period | Rent PSF | Annual rent | Change vs prior period | Source |
|---|---|---|---|---|
| Feb 2016 – Feb 2017 | $15.75 | $504,000 | — | Original lease term Lease — Evergreen Fresh Market — Suite A-100 (original, 2016) |
| Feb 2017 – Feb 2018 | $16.07 | $514,080 | 2.0% | Scheduled escalation |
| Feb 2018 – Feb 2019 | $16.39 | $524,362 | 2.0% | Scheduled escalation |
| Feb 2019 – Feb 2020 | $16.71 | $534,849 | 2.0% | Scheduled escalation |
| Feb 2020 – Feb 2021 | $17.05 | $545,546 | 2.0% | Scheduled escalation |
| Feb 2021 – Feb 2022 | $18.50 | $592,000 | 8.5% | First Amendment — 5-year extension, rent reset First Amendment — Evergreen Fresh Market (executed Oct 15, 2020) |
| Feb 2022 – Feb 2023 | $18.87 | $603,840 | 2.0% | Scheduled escalation |
| Feb 2023 – Feb 2024 | $19.25 | $615,917 | 2.0% | Scheduled escalation |
| Feb 2024 – Feb 2025 | $19.63 | $628,235 | 2.0% | Scheduled escalation |
| Feb 2025 – Feb 2026 | $20.02 | $640,800 | 2.0% | Scheduled escalation |
| Feb 2026 – Feb 2027 current | $21.00 | $672,000 | 4.9% | Second Amendment — 5-year extension, rent reset Second Amendment — Evergreen Fresh Market (executed Nov 20, 2025) |
| Feb 2027 – Feb 2028 | $21.42 | $685,440 | 2.0% | Scheduled escalation |
| Feb 2028 – Feb 2029 | $21.85 | $699,149 | 2.0% | Scheduled escalation |
| Feb 2029 – Feb 2030 | $22.29 | $713,132 | 2.0% | Scheduled escalation |
| Feb 2030 – Feb 2031 | $22.73 | $727,394 | 2.0% | Scheduled escalation |
Each row is a contractual rent period. Percentages compare a period against the one immediately before it, so scheduled escalations and amendment resets are both visible. Cumulative change and compound annual growth run from the first period on record to the current one.
Lease events
| Event | Signed | Effective | Summary | Document |
|---|---|---|---|---|
| extension | Nov 20, 2025 | Feb 01, 2026 | Second Amendment: +5 years to Jan 31, 2031; rent reset to $21.00/SF; $150,000 TI | Second Amendment — Evergreen Fresh Market (executed Nov 20, 2025) |
| extension | Nov 20, 2025 | Feb 01, 2026 | Second Amendment: +5 years to Jan 31, 2031; rent reset to $21.00/SF; $150,000 TI | Second Amendment — Evergreen Fresh Market (executed Nov 20, 2025) |
| extension | Oct 15, 2020 | Feb 01, 2021 | First Amendment: +5 years to Jan 31, 2026; rent reset to $18.50/SF | First Amendment — Evergreen Fresh Market (executed Oct 15, 2020) |
| extension | Oct 15, 2020 | Feb 01, 2021 | First Amendment: +5 years to Jan 31, 2026; rent reset to $18.50/SF | First Amendment — Evergreen Fresh Market (executed Oct 15, 2020) |
| original | Jan 12, 2016 | Feb 01, 2016 | Original 5-year lease; $15.75/SF NNN; 2.0% annual escalations | Lease — Evergreen Fresh Market — Suite A-100 (original, 2016) |
| original | Jan 12, 2016 | Feb 01, 2016 | Original 5-year lease; $15.75/SF NNN; 2.0% annual escalations | Lease — Evergreen Fresh Market — Suite A-100 (original, 2016) |
Responsibilities who maintains what under this lease
| Item | Responsible party | Detail | Lease section |
|---|---|---|---|
| HVAC — common area | Landlord | Recovered through CAM | 7.2(c) |
| Parking lot & landscaping | Landlord | CAM recoverable; sealcoat is capital, amortized | 7.6 |
| Plumbing — building mains | Landlord | CAM recoverable | 7.3(b) |
| Roof — structure & membrane | Landlord | Landlord maintains; cost included in CAM subject to cap | 7.1 |
| Structure, foundation, exterior walls | Landlord | Landlord obligation, not CAM recoverable | 7.9 |
| Electrical — within premises | Tenant | Including tenant panel and fixtures | 7.4 |
| Fire sprinkler — premises heads | Tenant | System mains and monitoring are landlord/CAM | 7.10 |
| HVAC — rooftop unit serving premises | Tenant | Tenant maintains under service contract; landlord replaces at end of life | 7.2 |
| Janitorial — premises | Tenant | Tenant contracts directly | 7.7 |
| Pest control — premises | Tenant | Landlord handles common areas | 7.8 |
| Plumbing — within premises | Tenant | To the point of connection with the building line | 7.3 |
| Roof — penetrations by tenant | Tenant | Tenant-installed equipment and any resulting leaks | 7.1(b) |
| Signage — tenant panel | Tenant | Install, maintain, remove at surrender | 9.2 |
| Storefront glass | Tenant | Replacement of broken glass at tenant expense | 7.5 |
Documents on this lease
| Title | Type | Date | Status | |
|---|---|---|---|---|
| Second Amendment — Evergreen Fresh Market (executed Nov 20, 2025) | Lease amendment | Nov 20, 2025 | Final | Open |
| Second Amendment — Evergreen Fresh Market (executed Nov 20, 2025) | Lease amendment | Nov 20, 2025 | Final | Open |
| Second Amendment — Evergreen Fresh Market (executed Nov 20, 2025) | Lease amendment | Nov 20, 2025 | Final | Open |
| First Amendment — Evergreen Fresh Market (executed Oct 15, 2020) | Lease amendment | Oct 15, 2020 | Final | Open |
| First Amendment — Evergreen Fresh Market (executed Oct 15, 2020) | Lease amendment | Oct 15, 2020 | Final | Open |
| First Amendment — Evergreen Fresh Market (executed Oct 15, 2020) | Lease amendment | Oct 15, 2020 | Final | Open |
| Lease — Evergreen Fresh Market — Suite A-100 (original, 2016) | Lease | Jan 12, 2016 | Final | Open |
| Lease — Evergreen Fresh Market — Suite A-100 (original, 2016) | Lease | Jan 12, 2016 | Final | Open |
| Lease — Evergreen Fresh Market — Suite A-100 (original, 2016) | Lease | Jan 12, 2016 | Final | Open |
Record history
| When | Field | Change | Who | Source |
|---|---|---|---|---|
| 2026-08-12 | expire on | 2021-01-31 → 2026-01-31 First Amendment executed |
Priya Raman | First Amendment — Evergreen Fresh Market (executed Oct 15, 2020) |
| 2026-08-12 | rent psf | 20.02 → 21.00 Rent reset on extension |
Priya Raman | Second Amendment — Evergreen Fresh Market (executed Nov 20, 2025) |
| 2026-08-12 | expire on | 2026-01-31 → 2031-01-31 Second Amendment executed |
Priya Raman | Second Amendment — Evergreen Fresh Market (executed Nov 20, 2025) |
Every change to a lease term is kept with its source document and the person who made it — nothing is overwritten silently.