Question
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
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:
- $30 PSF
- $22.49 PSF
- $26.67 PSF
- $25 PSF
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The Sterling Bonds And Fixed Income Handbook
Authors: Mark Glowrey
1st Edition
0857190423, 978-0857190420
