Consider the following terms for a retail space on the ground floor of an office building:...

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Consider the following terms for a retail space on the ground floor of an office building: A printing and courier business, "Copy Ship Repeat", occupies a 1,500 square foot space and pays a rental rate of $25 per square foot rent. The lease is for a five-year term and is on a triple-net basis. Copy Ship Repeat pays a 5% percentage rent level and average sales are $550 per square foot. The lease includes an improvement allowance of $4 per square foot. What is the total rent paid by Copy Ship Repeat? Consider the following terms for a retail space on the ground floor of an office building: A printing and courier business, "Copy Ship Repeat", occupies a 1,500 square foot space and pays a rental rate of $25 per square foot rent. The lease is for a five-year term and is on a triple-net basis. Copy Ship Repeat pays a 5% percentage rent level and average sales are $550 per square foot. The lease includes an improvement allowance of $4 per square foot. What is the total rent paid by Copy Ship Repeat?

Answer rating: 100% (QA)

To calculate the total rent paid by Copy Ship Repeat over the fiveyear lease term we need to conside... View the full answer