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Tenant NNN rent is $20 sqft. The tenant size is 3500 SF. The tenant pays percentage rent above the natural breakpoint of 4%. The first-year
Tenant NNN rent is $20 sqft. The tenant size is 3500 SF. The tenant pays percentage rent above the natural breakpoint of 4%. The first-year sales are estimated at $1,310,000. What is the total rent (NNN plus percentage rent) paid by this tenant in the first year? Total dollars paid for the year, not $/sqft.
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