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You are appraising a national, credit-worthy, single tenant net leased drug store. As you search for comparables, you find a newly developed 15,000-square foot drug

You are appraising a national, credit-worthy, single tenant net leased drug store. As you search for comparables, you find a newly developed 15,000-square foot drug store comp, a mile south of the subject, that sold in February 2020 for $8,000,000 based on a reported cap rate of 5.0%. What is the annual base rental rate per square foot for this comparable: $22.49 PSF $25.00 PSF $26.67 PSF $30.00 PSF

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