Question: Question 10 10 pts Suppose that a developer builds a 15,000 SF Dollar General that leases for $20. absolute net. Land costs for the 1-acre

Question 10 10 pts Suppose that a developer builds a 15,000 SF Dollar General that leases for $20. absolute net. Land costs for the 1-acre site are $500,000 and total construction costs including interest and soft costs are $3.5 million. What is the yield on cost or cap rate that the developer will need to sell at to break even? 7.00% 7.20% 7.50% 7.70% 8.10%

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