Poulsbo Packet 3.28.23 v. 1

Site Name: Property Address:

Poulsbo 21800 College Market Place NW Poulsbo, WA 98370

!4/1/2023

Lease Date:

!Estimated= Office Max move out 3/1/23

Rent Commencement Date: !1/1/2024 ! opening of Business,

C of 0, or 9 months outside date !12/31/2043 l including all options 2,902 sq.ft.

Termination Date:

Drive Thru donations Retail Store

Rentable Area #101: Rentable Area #300:

18,082 sq.ft. 20,984lsq.ft.

total 43,157 total sq. ft. estimated center/ prorated share of common areas

39.26%

Tenant's Prorated Share:

Period of Term (M)

Date to

Date

$PSF

Annu

Base Rent: {Section 3.2) Initial Term

Mnth

$16 Before 12/1 or after Xmass 1/1? $18 $19

1/1/2024 12/31/2028 $27,978.67 $335,744.00 1/1/2029 12/31/2033 $30,776.53 $369,318.40 1/1/2034 12/31/2038 $33,854.19 $406,250.24

60 60 60 60

1st option 2nd option

1/1/2039 12/31/2043

''fair market"

Lease Term:

120 NNN

Initial Term

Operating Expenses: Security Deposit: Prepaid Rents: Landlord/ Notice Address:

Initial Term CAM's

s10,492.oo I s12s,904.oo 1

$6.oo 1

5% cap for controllable apex year over year $0 $38,470.67 1 month rent+ 1 month CAM College Market Place, LLC 10708 Main Street, Suite 403 Bellevue, WA 98004 $10 PSF As is-where is

$209,840 Total Tl

Landlord Tl Allowance: Landlord Work: Provisions:

1) Retail and donations are two physically separated spaces, 101 and 300 2) Exclusive right to thrift store in center where premises is located. 3) Ability to park two pup trailers behind donation building #101 4) OfficeMax turns the building back on March 1 st. 5) Tl reimbursement with construction lien releases and C ofO None

Right of First Refusal: