Evaluating a Triple Net lease

[Evan P Stegman]

Hello,

I have a client interested in a triple net lease for sale. I'm curious were I can find tools based on the monthly cashflow to determine the price of a specific property. The cashflow is 120k/ year and the listing Price is $2.395 million. How did the Listing agent come up with this number, my client thinks it is way too high and in order to reach that price point it would have to cashflow 180k/year. I would love a formula I could just plug and chugg the numbers, so I can offer him better properties in the future. Also is it based on cap rate in the area as well?

Thanks have a great day!