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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 → Pacific Ace Hardware → Draft a document

Lease extension — Pacific Ace Hardware

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
TenantPacific Ace Hardware
PremisesSuite B-200 · 5,100 SF
Current expirationMay 31, 2030
New termJun 01, 2030 – May 31, 2035
Current rent$24.50/SF · $124,950/yr
New rent (+3.0%)$25.23/SF · $128,673/yr
Monthly$10,412 → $10,723
Annual uplift$3,723
Escalation2.0% per year
Options remaining2 × 5yr
StructureNNN

Rent math: $24.50 × (1 + 3.0%) = $25.23/SF; × 5,100 SF = $128,673 per year.