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All properties, tenants, documents and figures in this workspace are fictional. Actions that would change a real record are clearly marked.

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Northgate Plaza

14210 Juanita Drive NE, Kirkland, WA 98034 · Retail · 68,400 SF · Built 1998 (renovated 2015) · Northgate Retail Partners LLC

Leases → Pho Northgate → Draft a document

Lease extension — Pho Northgate

Step 1 sets the assumptions, pulled from this lease. Step 2 drafts the document from those assumptions. Nothing is filed until you save it, and what you save is stored as a versioned draft on this lease.

1 Assumptions

Change any assumption and re-draft — the figures below recalculate from this lease.

What the draft will say

LandlordNorthgate Retail Partners LLC
TenantPho Northgate
PremisesSuite A-115 · 2,850 SF
Current expirationFeb 28, 2028
New termFeb 29, 2028 – Feb 27, 2033
Current rent$34.50/SF · $98,325/yr
New rent (+3.0%)$35.54/SF · $101,289/yr
Monthly$8,194 → $8,441
Annual uplift$2,964
Escalation3.0% per year
Options remaining0
StructureNNN

Rent math: $34.50 × (1 + 3.0%) = $35.54/SF; × 2,850 SF = $101,289 per year.