WA
Expiring Soon
Lease Summary
NNN
Property
Walgreens #5847
Unit / Sq Ft
14,500 SF
Lease Start
Mar 2021
Lease End
Mar 2031
Monthly Rent
$8,750
Lease Type
NNN
Escalation Schedule
Year 2
2025
+3.0%
Year 3
2026
+3.0%
Year 4
2027
+3.5%
COI & Compliance
Review Needed
General Liability Insurance
$1M per occurrence / $2M aggregate
EXPIRING
Exp: Mar 12, 2026
Property Insurance
Replacement cost coverage
CURRENT
Exp: Mar 12, 2026
Workers Compensation
Statutory limits per state
CURRENT
Exp: Mar 12, 2026
HVAC Certification
Annual inspection & maintenance
DUE SOON
Next: Mar 12, 2026
Fire Safety Inspection
Sprinkler & alarm system certification
PASSED
Next: Annual
Payment History
| Date | Description | Amount | Method | Status |
|---|---|---|---|---|
| Feb 1, 2026 | Monthly Rent | $8,750 | ACH | Paid |
| Jan 1, 2026 | Monthly Rent | $8,750 | ACH | Paid |
| Dec 1, 2025 | Monthly Rent | $8,750 | ACH | Paid |
| Nov 1, 2025 | Monthly Rent | $8,750 | ACH | Paid |
| Oct 1, 2025 | Monthly Rent | $8,750 | Wire | Late |
| Sep 1, 2025 | Monthly Rent | $8,750 | ACH | Paid |
Communications Log
COI Renewal Reminder Sent
Automated 30-day advance notice for certificate of insurance renewal.
Quarterly Check-In Call
Discussed lease terms, tenant satisfaction, and upcoming maintenance.
HVAC Service Cert Received
Q4 2025 HVAC maintenance certificate received and verified.
Internal Note
Tenant mentioned potential interest in expanding to adjacent unit.
Lease Amendment #2 Executed
Co-tenancy clause threshold reduced from 75% to 60%.