Question 1: What is the NPV of each anchor tenant's lease (evaluating Walgreens non-renewal and Walgreens 5x complete renewal separately)? Check sensitivity to the discount rate assumption and discuss the reasonability of that assumption.
Question 2: What is the effective rent that each anchor would pay?
Question 3: What other factors should you consider in your decision?
Question 4: What would you do about inline tenants?