Real Estate Math
A commercial tenant leases 3,000 sq ft at $24/sq ft/year (NNN). The tenant's monthly base rent is:
A$5,500
B$6,000✓ Correct
C$6,500
D$7,200
Explanation
Annual rent = 3,000 × $24 = $72,000. Monthly rent = $72,000 ÷ 12 = $6,000.
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