What is the amount of rent due on a per sq. ft. basis (per year) ifthe tenant has a "net net"_ (NN)Jease and a "percentage lease clause" in the lease?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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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 $ 1.75 per sq. ft. per year 

Operating Expenses $ 0.55 per sq. ft. per year 

Insurance $ 0.06 per sq. Ii. per year 

Actual Gross Sales $2,200,000 

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) ifthe tenant has a "net net"_ (NN)Jease and a "percentage lease clause" in the lease? 

 

Please provide proper keystrokes for the BAii Plus and Gualifier Plus IIIfx calculators.  Thank you!

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