Real Estate Math
A Virginia commercial tenant leases 2,000 sq ft at $25/sq ft annually on a NNN lease. Monthly base rent is:
A$2,083
B$4,167✓ Correct
C$3,000
D$2,500
Explanation
Annual rent = 2,000 × $25 = $50,000. Monthly = $50,000 ÷ 12 = $4,167.
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