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A 120,000 SF shopping center has average rents of $30 per SF per year for an NNN lease. The Operating Expenses, Taxes and Insurance combined

A 120,000 SF shopping center has average rents of $30 per SF per year for an NNN lease. The Operating Expenses, Taxes and Insurance combined are $5.00 per SF. Vacancy is 5%. Calculate the PGI of a triple net lease (NNN)

3,600,000

3,990,000

4,200,000

3,000,000

Please specify the correct answer. thank you

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