Rent escalations/term extensions - NNN retail property coming up on end of initial 10 year lease
For the investors/brokers out there, how often do you see rent escalations/term extensions being honored? I have a retail property that is coming up on the end of the initial 10 year lease (tenant is large national chain). There are (5) 10% term extensions written into the lease (1 year at a time for 5 successive periods). Getting push back that tenant wants to keep rent the same for 5 years.

Just wanted to get a sense of how common it is that these term extensions are honored.
[{"id": "hvynakl", "text": "How strong is the local market?", "replies": [{"id": "hvzv1bn", "text": "How do I qualify market strength? Population increase, # of sale/lease vacancies in area, new commercial builds in area, etc..? Thank you for the feedback!", "replies": [{"id": "hw00wjl", "text": "Number of vacancies in local area for that type of property. \n\n1? 10? If they left, could they go somewhere else easily?", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hvyt3d5", "text": "Around here is pretty much excercise the agreed to option or move on. Obviously exceptions exist, but don't see much charge on prenegociated terms.", "replies": [], "depth": 1}, {"id": "hvz5gnl", "text": "If they really want to keep the rent the same, negotiate a new 10 year lease and put an escalation after year 5. IF it is a national tenant, then they can sh\\*t or get off the pot.. Regardless, 1 year options are not favorable for anyone. Try to remember that you have more leverage than you think.  Either negotiate new options (preferably 5x 5 Year) or negotiate a 10 year lease extension like i said earlier. Feel free to DM me to discuss further!", "replies": [], "depth": 1}, {"id": "hvzanx5", "text": "What type of retail?  Also is the extension option mutual? Why not do 2% annual bumps for a single five year term", "replies": [{"id": "hvzvx9x", "text": "Thanks! The tenant is a discount store. Can you clarify what you mean by \"is the extension option mutual\"?", "replies": [], "depth": 2}], "depth": 1}, {"id": "hw0pdic", "text": "What is the rental rate are you marketing the space for lease?", "replies": [], "depth": 1}, {"id": "hw4fx4i", "text": "Understand how much it would cost them to move. How key this location is to their operations, and whether or not there is proximal competitive inventory. Understand these thoroughly before modifying previously agreed to terms.\n\nNeed to know who has the upper hand. Is retail vacancy within 3 miles high? Would you have difficulty re-tenanting the space?\n\n Just don't undervalue your position-- its pretty expensive and a huge PITA to relocate as a business (depending on the business of course.) They could just be throwing sht at the wall to see if sticks and can get them a discount. Can't blame, but you need to know your standing. Not enough info here to tell you that.", "replies": [], "depth": 1}, {"id": "i62kgv4", "text": "This has to be a DG store, what was the outcome?", "replies": [], "depth": 1}]