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

Rent per sqft = $20Tenant size = 3500Breakpoint = 4%First-year sales = $1,310,000

Answered: Tenant NNN rent is $20 sqft. The tenant…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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