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 Caf?, LLC 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 a...
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