Item:
Title
Approve and Authorize the Manager to Execute four (4) Lease Agreements for the County-owned Shoppes of Hope Valley Shopping Center, 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 Agreements, and Adopt a Resolution Allowing the Leasing of Property as Directed in North Carolina General Statute 160A-272
Body
Date of BOCC Meeting: March 9, 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, to make minor changes to the lease agreements prior to execution based on County Attorney Office’s approval and provided such changes do not materially affect the intent and purpose of the agreements, and adopt a resolution allowing the leasing of property as directed in North Carolina General Statute 160A-272. The SoHV shopping center is located at 3825 S. Roxboro Street.
This item was reviewed at the January 5, 2026 BOCC Work Session as agenda item #26-0006, then properly noticed in the News & Observer on February 6, 2026, before coming to the Board for this approval.
The first lease is with Lokahi 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 that will operate a Total Wireless franchise 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 Café, LLC for an 8-year term and total value of $268,555. Island Rhythm Café 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 are looking into building and health code requirements to include additional cooking, and they hope to acquire a license to serve beer and wine. Their ability to serve alcohol is contingent on an update to the County Ordinance that would include Shoppes of Hope Valley as a County-owned property where alcohol can be consumed.
The fourth lease is a renewal for an existing tenant, Tweetie Nails, LLC, operating a nail salon named Diva Nails, for an 8-year term and total value of $300,524. Tweetie 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.
Please see the four attached leases for detailed terms.
Alignment with Strategic Plan: These leases support Sustainable Infrastructure & Environment Planning for long-term use of County land, facilities, and equipment.
Resource Persons: David Fleischer, Real Estate Consultant; Christy Raulli, Senior Real Estate Officer; Peri Manns, ASLA, LEED GA, Deputy Director, Engineering and Environmental Services; Jay Gibson, P.E., Director, Engineering and Environmental Services; Maurice Jones, Deputy County Manager
County Manager’s Recommendation: The County Manager recommends that the Board 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 agreements.
Signature
County Manager: ____________________________