Question: See attached file. I need to show all the work! Given the following for a retail property: This property is occupied by a single tenant:

See attached file. I need to show all the work!

Given the following for a retail property:

This property is occupied by a single tenant:

Net Rentable Space 10,000 sq. ft

Lease Rate $16.00 per sq.ft. per year

Real Estate Taxes $1.75 per sq. ft. per year

Operating Expenses $.55 per sq ft. per year

Insurance $0.06 per sq. ft. per year

Sales ? Actual $2,400, 000

Percentage Lease Clause Base $2,000, 000

Percentage Due 4.0%

What is the amount of rent due on a per. Sq. ft. basis (per year) if the tenant has a ?double net (NN)? lease and a ?percentage lease clause? in the lease?

the following for a retail property:This property is occupied by a single

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