Given the following for a retail property: E This property is occupied by a single tenant:...

 

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Given the following for a retail property: E This property is occupied by a single tenant: Net Rentable Space Lease Rate Real Estate Taxes Operating Expenses Insurance Actual Gross Sales Base Sales as per Lease Percentage Lease Clause 10,000 sq. ft. $18.00 per sq. ft. per year $ 1.75 per sq. ft. per year $ 0.55 per sq. ft. per year $ 0.06 per sq. li. per year $2,200,000 $2,000,000 4.0% What is the amount of rent due on a per sq. ft. basis (per year) if the tenant has a "net net net" (NNN) lease and a "percentage lease clause" in the lease? Given the following for a retail property: E This property is occupied by a single tenant: Net Rentable Space Lease Rate Real Estate Taxes Operating Expenses Insurance Actual Gross Sales Base Sales as per Lease Percentage Lease Clause 10,000 sq. ft. $18.00 per sq. ft. per year $ 1.75 per sq. ft. per year $ 0.55 per sq. ft. per year $ 0.06 per sq. li. per year $2,200,000 $2,000,000 4.0% What is the amount of rent due on a per sq. ft. basis (per year) if the tenant has a "net net net" (NNN) lease and a "percentage lease clause" in the lease?

Answer rating: 100% (QA)

A triple net NNN lease requires the tenant to pay for the real estate taxes operating expenses and insurance in addition to the base rent A percentage ... View the full answer