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?
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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
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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