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Assume you are a 6 , 5 0 0 sq . ft . tenant in a retail center. Your lease indicates a base rent of

Assume you are a 6,500 sq. ft. tenant in a retail center. Your lease indicates a base rent of $20.00 psf; CAM pass-throughs and percentage rents at 6% with breakpoint of $2,000,000 annually. Actual data for the current year indicate CAM of $3.50 psf and store revenue of $2,100,000. What is your total annual rent? (Ch9)
a.
$152,750
b.
$278,750
c.
$272,750
d.
$158,750

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