Question: Use NNN Lease method Given the following for a retail property: This property is occupied by a single tenant: Net Rentable Space 10,000 sq. ft.

Use NNN Lease method

Given the following for a retail property:

This property is occupied by a single tenant: Net Rentable Space 10,000 sq. ft. Lease Rate $18.00 per sq. ft. per year Real Estate Taxes $ 1. 7 5 per sq. ft. per year Operating Expenses $ 0.55 per sq. ft. per year Insurance $ 0.06 per sq. ft. per year Actual Gross Sales $2,400,000 Base Sales as per Lease $2,000,000 Percentage Lease Clause 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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