Real Estate Math
A commercial property leases 2,400 sq ft at $18/sq ft per year NNN. The tenant's annual base rent is:
A$43,200✓ Correct
B$36,000
C$48,000
D$28,800
Explanation
Annual rent = 2,400 sq ft × $18/sq ft = $43,200. Under a NNN lease the tenant also pays property taxes, insurance, and maintenance separately.
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