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Determining the total annual rent

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Assume you are a 6,500 sq. ft. tenant in a retail center. Your lease indicates a base rent of $20.00 psf; CAM pass-throughs and percentage rents at 6% with breakpoint of $2,000,000 annually. Actual data for the current year indicate CAM of $3.50 psf and store revenue of $2,100,000. What is your total annual rent?

Reference no: EM133073641

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