Leasing
Rent roll · expirations · lease economics
Demo data
Tenants
7
Annual base rent
$7,346,000
Expiring < 18 mo
2
Delinquent
1
Lease expiration schedule
Next 18 months — renewal windows
| Tenant | Property | SF | Base rent | Expiration | Renewal notice | Status |
|---|---|---|---|---|---|---|
| Ace Hardware National | Regency Marketplace | 42,000 SF | $546,000 | Dec 30, 2026 in 155d | Sep 29, 2026 | Renewal |
| SunState Fitness Local | Regency Marketplace | 18,000 SF | $234,000 | Mar 30, 2027 in 245d | — | Delinquent |
Lease economics comparison
Ace Hardware renewal — Regency Marketplace
| Metric | Existing lease | Tenant proposal | Landlord counter | Market |
|---|---|---|---|---|
| Base rent (PSF) | $13.00 | $13.25 | $13.65 | $14.00 |
| Term | 10 yr | 5 yr | 7 yr | — |
| Free rent | — | 3 mo | 1 mo | 1–2 mo |
| TI allowance (PSF) | — | $25 | $12 | $10–15 |
| Escalations | 2.0%/yr | 1.5%/yr | 2.5%/yr | 2.5%/yr |
| Net effective rent (PSF) | $12.40 | $11.85 | $12.90 | $13.10 |
AI recommendation: Counter at $13.65 PSF / 7-yr / $12 TI. Net effective rent of $12.90 beats the tenant proposal by $0.50 PSF and lands within 2% of market. Renewal is cheaper than replacement (avoids ~9 months downtime + $18 PSF re-tenanting). Signing gates the Regency refinance rate lock.