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A retail lease includes Percentage Rent at 5%. Base Rent is $25 per sf per year and the space is 1,000 sf. What is the
A retail lease includes Percentage Rent at 5%. Base Rent is $25 per sf per year and the space is 1,000 sf. What is the natural breakpoint or threshold for this space after which in most cases the tenant would owe 5% of gross sales.
A. $500,000
B. $1,250
C. $600
D. $6,000,000
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