Item:
Title
Approve and Authorize the Manager to Execute four (4) Lease Agreements for the County-owned Shoppes of Hope Valley Shopping Center, Pending Approval from the County Attorney's Office.
Body
Date of BOCC Meeting: January 12, 2026
Request for Board Action:
Agenda Text
The Board is requested to approve and authorize the Manager to execute four (4) lease agreements for the County-owned Shoppes of Hope Valley (SoHV) shopping center, and to make minor changes to the lease agreements prior to execution based on County legal approval and provided such changes do not materially affect the intent and purpose of the agreement. The SoHV shopping center is located at 3825 S. Roxboro Street.
This item was reviewed at the January 5, 2026 BOCC Work Session, then properly noticed in the News & Observer on February 6, 2026, before coming to the Board for this approval.
The first lease is with Lohki Movement, LLC for a 10-year term and total value of $701,688. Lokahi Movement is a boxing gym and fitness studio with group and personal instruction that will occupy two adjacent units at SoHV.
The second lease is with IBEX Wireless LLC, DBA Total Wireless for a 10-year term and total value of $350,844. Total Wireless is a pre-paid discount arm of Verizon Wireless.
The third lease is with Island Rhythm Cafe for an 8-year term and total value of $268,555. Island Rhythm Caf? is a Jamaican Smoothie Shop that will offer coffee drinks and teas, fresh fruit smoothies and pastries. In the afternoon, they will offer sandwiches, salads, and snacks. They intend to acquire a license to serve beer and wine.
The fourth lease is a renewal for an existing tenant, Tweetie Nails, LLC, DBA Diva Nails, for an 8-year term and total value of $300,524. Diva Nails has been a tenant of SoHV since 2002. Their current lease expired January 31, 2026. This agreement converts their original lease to the County's standard lease template and extends their occupancy to 2033.
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