Every lease figure cited to the clause.
Rets reads the lease and every amendment, abstracts the terms, and cites each one to the page it came from.
Book a Demo
Every term, cited to its page.
Walgreens Lakeway
Parties and Premises
Tenant
Walgreen Co.
Landlord
Halden Lakeway TX LLC
Guarantor
Walgreen Co.
Premises
14,820 SF
Term
Commenced
Feb 1, 2009
Expiration
Jan 31, 2039
Amd 3 · p.1
Lease Term
30 years
Rent Start
Feb 1, 2009
Rent
Base Rent
$412,000 a year
Escalation
5% in 2029, 2034
Amd 3 · p.2
Deposit
None
Free Rent
None
Options and Rights
Renewals
Four 5-yr options
Lease · p.9
Notice
12 months before
ROFR on Sale
Match in 15 days
Lease · p.31
Termination
None
49 of 53 fields read · Not Stated: Kickout, Percentage Rent, Recapture, Holdover Rate
Every figure, one click from the page
Click any value to open the lease to the page it came from, words highlighted.
Obligations, rights and restrictions
Each clause says who it binds and what it requires, in one line you can scan.
Gaps named, never blank
Terms the lease leaves out are listed once as Not Stated, never shown as zero.
Amendments, reconciled for you.
Send the whole file. Rets sorts it into one lease, works out which document governs each term and checks the estoppel against it.
Grouped into one lease
Seven files, scans and all, become one lease package before anything is read.
Upload Documents
7 files, 1 lease
Lease Agreement (Executed).pdf
1st Amendment.pdf
Second Amendment rev2 FINAL.pdf
The document that governs
Every term shows each document’s value and marks the one in force today.
Lease Expiration Date
Base Lease
Jan 31, 2029
Replaced
Amendment 2
Jan 31, 2034
Replaced
p.1
Amendment 3
Jan 31, 2039
Governs
Checked against the estoppel
The tenant’s certificate is compared with the lease, and each difference is quoted from both.
Estoppel vs Lease
1 difference
Security Deposit
Estoppel $34,333 · Lease $0
Differs
Base Rent
$412,000 on both
Agrees
Expiration
Jan 31, 2039 on both
Agrees
Every rent step, laid out.
Rent and Term
Lamar Pharmacy Pad · Walgreens
Years 1–10
$397,300
Jun 2013 to May 2023
Stated
Years 11–20
$437,000
Jun 2023 to May 2033 · Current
Stated
Years 21–25
$480,700
Jun 2033 to May 2038
Stated
Option 1
$528,770
Jun 2038 to May 2043
Derived
Stated or calculated, with the proof
Each period shows whether the lease states the rent or Rets calculated it from the escalation clause.
The term on one line
Rent steps, notice deadlines and today, from commencement to expiration. Hover a step and its row lights up.
Only what the lease commits to
The total adds up the rent the lease commits the tenant to: no growth assumptions, no discounting.
Every date the lease creates.
Worked out from the lease
Each deadline is the expiration less the notice period the lease states.
Every option, not just the first
Option 2’s deadline counts back from where option 1 would end, and so on for each option.
The clause on hover
Hover a date to read the notice language it was worked out from.
Critical Dates
From the lease
Rent step to $480,700
Jun 1, 2033
Lease · p.4
Renewal option 1 notice
May 31, 2037
Lease · p.6
Lease expiration
May 31, 2038
Lease · p.2
Renewal option 2 notice
May 31, 2042
Lease · p.6