Question
See attached file. I need to show all the work! Given the following for a retail property: This property is occupied by a single tenant:
See attached file. I need to show all the work!
Given the following for a retail property:
This property is occupied by a single tenant:
Net Rentable Space 10,000 sq. ft
Lease Rate $16.00 per sq.ft. per year
Real Estate Taxes $1.75 per sq. ft. per year
Operating Expenses $.55 per sq ft. per year
Insurance $0.06 per sq. ft. per year
Sales ? Actual $2,400, 000
Percentage Lease Clause Base $2,000, 000
Percentage Due 4.0%
What is the amount of rent due on a per. Sq. ft. basis (per year) if the tenant has a ?double net (NN)? lease and a ?percentage lease clause? in the lease?
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