Presented with the off$-$market opportunity to personally purchase a $40,000$ SF$,$ single$-$tenant retail store leased to Best Box, a regional leader in consumer electronics $+$ appliances You are a personal friend of the Best Box CEO & she recently approached you about purchasing their flagship store Upon selling the store, Best Box would leaseback the property from you on a $20-$year lease with $5\%$ rent increases every $5$ years The proposed rent is $$25/$SF$/$Yr NNN You've been working hard the last few years at A$.$CRE Development and have banked several six$-$figure promotesThose earnings have been sitting in a high$-$yield savings account, awaiting the right opportunity Could be a great opportunity to put those funds to work for $5-10$ years at a yield substantially better than your savings account Before making a decision, you decide to analyze the investment RSF is $40,000$Income is $$25/$ RSF growing $5\%$ every five years Reimbursable expenses are $$5/$ RSF growing $1\mathrm{.}5\%$ per year Asking cap rate is $6\mathrm{.}25\%$ on year $1$ NOIDisposition cap rate at the end of a $5-$year hold period is $6\mathrm{.}50\%$The investment is financed by a loan at $70\%$ LTV$,3\mathrm{.}25\%$ rate & a $30-$year amortization period What is the asking price amount?What is the unlevered IRR?What is the levered IRR?