Item:
Title
Lease Amendment for China Wok at 3825 S Roxboro Rd. Suite 124 at the Shoppes of Hope Valley Shopping Center to extend the current lease through February 28, 2027, with a monthly base lease rate of $3,019.02, plus monthly Common Area maintenance costs estimated to be $400.00 per month for CY2025
Body
Date of BOCC Meeting: February 10, 2025
Request for Board Action:
Agenda Text
The Board is requested to approve a lease amendment for China Wok, a tenant at 3825 S. Roxboro Road, Suite 124 at the Shoppes of Hope Valley Shopping Center to extend the lease term two (2) years, through February 29, 2027. The original term of the Lease expires on March 1, 2025.
China Wok has maintained their tenancy at Shoppes of Hope Valley since 2002 and seek to remain in this location to serve their customers.
Alignment with Strategic Plan: The attached Lease Amendment supports the goal of Sustainable Infrastructure & Environment and the objective to plan for long-term use of County land, facilities, and equipment.
Resource Persons: Nancy Mitchell, Senior Real Estate Officer; Peri Manns, Deputy Director of E & E S; Jay Gibson, Director of E&ES; Julio Delgado, Assistant County Manager.
County Manager’s Recommendation: China Wok, a tenant at 3825 S. Roxboro Road, Suite 124 at the Shoppes of Hope Valley Shopping Center to extend the lease term two (2) years, through February 29, 2027.
Signature
County Manager: ____________________________