You have a vacant 10,000 SF space youd like to rent out and are willing to offer concessions. You want to charge $15 PSF on a NNN Lease with 2% rent escalations over a 5-year term, but you will give one month of free rent as a concession. Operating expenses are $2 PSF and expected to increase by 3% annually. Using a discount rate of 11%, what is the NPV?

$19.57

$56.34

Not enough information to answer

$74.21