Julie Stack wants to purchase a freestanding CVS retail center. She has identified one that has a monthly rent of $ triple net. If she wins the bid at a cap rate, what does she purchase the property for? pts

Julie is able to come up with in equity and because of the high credit of the tenant she will be able to borrow the rest from the local bank. How much will she need to borrow? pts

If after she buys and takes out the loan on the property, cap rates for comparable properties increase to what percentage of the property is now leveraged? ts

How much equity has Julie lost, dollar amount and percentage? pts