Real Estate Math
A Colorado triple net (NNN) lease has base rent of $18/sqft plus $4/sqft taxes, $2/sqft insurance, and $3/sqft maintenance on 3,000 sqft. What is the total annual rent?
A$54,000
B$64,500
C$75,000
D$81,000✓ Correct
Explanation
Total per sqft = $18 + $4 + $2 + $3 = $27/sqft. Total annual rent = 3,000 sqft × $27 = $81,000.
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