Assume that the City of Tampa has a population of 256,830 persons and totalt sales for restaurants of $333.930,000 for per capita demand of 51.300). Ao that food store have median sales of $145 per square foot and median store s me ot 3.000 SE. Consider a trade area with a population of 20.000 persons and 160.000 SF existing restaurant space. Based this information, how many additional restaurants can the trade area support? 2 8 10 Question 10 10 pts Suppose that a developer builds a 16,000 SF Arbys Restaurant that leases for $18, absolute net. Land costs for the 1-acre site are $500,000 and total construction costs including interest and soft costs are $3.5 million. What is the yield on cost or cap rate that the developer will need to sell at to break even? 7.00% 7.20% 7.50% 7.70%