Using the tenant info below, please come up with current rent roll and current transaction summary, then calculate cap rates. There are several formatting and formula errors. This is a three-tenant strip center. Assume full pass-through NNN leases (in other words, don't worry about expenses). Some cap rates for similar properties in the area are 5%,5.50%, and 5.75%. Restaurant Shop 1,200 SF \$5 PSF monthly rent 3% annual rent increases 5 year lease Lease start 4/1/20 Cleaning Supplies 2,000SF \$4 PSF monthly rent flat rent 2 year lease Lease start 9/1/20 Hair Salon 1,500SF $2.50 PSF monthly rent 10% rent increase in year 6 10 year lease Lease start date 5/1/15