Tag: Net Lease

Net Lease Thrives, In Contrast To Declining Malls

GlobeSt.com

The 1950s saw the birth of the shopping mall across the nation, yet the era of destination retail stores, especially clothing stores, has been on a downward slide for some time. This trend away from the malls began with the introduction of the internet, bringing convenience and in many cases, lower prices to the consumer. A big wave of store closings that began in 2016 is expected to continue in 2017. However, the common thread is these stores are mostly inline or in shopping malls. What’s interesting is that only a small percent of these stores affect free standing single-tenant …

AmyNet Lease Thrives, In Contrast To Declining Malls

Applebee’s sales a signal of the health of retail market

Business Observer

In a further sign that the Gulf Coast retail market remains healthy — at least for triple net deals involving credit tenants — a Tampa-based investment firm has sold 14 properties occupied by Applebee’s restaurants for $46 million.

Each of the stand-alone restaurants, from the Orlando metropolitan area throughout the Gulf Coast, has between 17 years and 20 years left on its lease.

The going-in capitalization rate for the properties was 5.9%, says David Sobelman, executive vice president and managing partner for the Tampa office of Calkain Cos., a Virginia-based commercial brokerage firm that specializes in net leases properties.

Sobelman …

Traci BidingerApplebee’s sales a signal of the health of retail market

Calkain Sells Fifth PDQ Restaurant Property

Fort Lauderdale, FL – Calkain Companies, America’s Net Lease Company, has sold another PDQ restaurant property bringing to five the number of PDQ’s the firm has sold on behalf of the parent corporation and its related entities. The property, outside Jacksonville, Florida, traded for $3,000,000.00.

PDQ is becoming a better known national chicken concept as they now have nearly 60 units operating in eight states,” said Patrick Nutt, Managing Partner at Calkain.

“Investors seem to have an affinity for the quality real estate and high traffic generated at a PDQ location, and with the growing brand comes improving creditworthiness, all …

Emily CusmanoCalkain Sells Fifth PDQ Restaurant Property

Investor Demand Remains Strong Despite Rising Cap Rates

Herndon, VA – 2016 ended with the Federal Reserve increasing the interest rate by 0.25%, signifying confidence in an improving US economy.  As illustrated in Calkain’s newly released Q4 Cap Rate Report, cap rates in the single tenant net lease (STNL) market are also on the rise, ticking up 18 bps from Q3.  Cap rates will continue to trend upward along with the interest rates, yet still are only at the level they were at this time last year.

While we are witnessing some change, albeit small, is the spread between the US Ten Year Treasury Rate and the …

Emily CusmanoInvestor Demand Remains Strong Despite Rising Cap Rates

Dollar General Continues to Draw Net Lease Investors’ Attention

Herndon, VA – Calkain’s Executive Managing Director, Andrew Fallon, completed the sale of 6 Dollar General stores to close out 2016. The stores were located in various locations in Pennsylvania, Ohio, Georgia, Massachusetts and Virginia. All properties were similar in size, approximately 9,000 square feet and are 100% leased to Dollar General Corporation. The stores sold at an average cap rate of 6.57%, right in line with the 6.60% average cap rate for Dollar Generals sold in 2016 according to Calkain research. Calkain represented different sellers and buyers on the transactions.

Dollar General properties continue to be attractive net lease

Emily CusmanoDollar General Continues to Draw Net Lease Investors’ Attention

Applebees Real Estate Portfolio Sold for $46 Million

Tampa, FL – David Sobelman and Teal Henderson of Calkain Companies completed a $46 million portfolio sale of Applebee’s-occupied real estate.  The fourteen (14) triple net lease (NNN) assets, located primarily in West and Central Florida, were sold to individual buyers for each location.  Buyer interest came from as far away as South America, China and Europe but the majority of the assets were sold to US-based investors looking for passive income attached to strong real estate locations.  The decision was made by the seller to patiently sell each asset in the open market which yielded Calkain’s client over an …

Traci BidingerApplebees Real Estate Portfolio Sold for $46 Million

How Starbucks Keeps A Competitive Edge

GlobeSt.com

Starbucks is one of the world’s most recognizable brands and has continued to stay ahead of its competitors. Recently, the company announced a major expansion strategy which will grow number of Starbucks locations by over 50%. In the net lease world, their cap rates have not only compressed over the past few years but are trading lower than the national average STNL cap rates.

Starbucks-tbill-comparision-chart

The coffee giant plans to open 12,000 stores globally, especially in key U.S. markets and China by 2021, bringing a total of 37,000 stores worldwide. They also plan to introduce two new store concepts, a high-end

Traci BidingerHow Starbucks Keeps A Competitive Edge

Fallon & Campbell Complete Sale of Dollar General in Loganville, GA

Herndon, VA – Calkain’s Executive Managing Director, Andrew Fallon and Associate Director, Scott Campbell, have recently completed the sale of the Dollar General, in Loganville, GA.  Built in 1996, originally as an Eckerd Pharmacy with approximately 9,800 square feet, the building is now 100% leased to Dollar General Corporation. The asset was previously occupied by Rite Aid and was converted to a Dollar General store in 2010.  With a new seven year lease extension, , this location sold at the full asking price of $1,809,231, a 6.50% cap rate.  The investment property is setup as a true NNN lease structure …

Traci BidingerFallon & Campbell Complete Sale of Dollar General in Loganville, GA

Why Buy Now Instead of Later?

Commercial Property Executive
By Scott Campbell, Associate Director, Calkain Cos.: While there are many factors investors must consider when buying a net lease asset, waiting to buy is not as lucrative as one may think.

What do the numbers really look like if you were to buy a 5 cap rate today instead of a 5.5 cap rate one year from now? This is a typical conversation I have with most of my buyer clients when looking at the net lease sector in today’s market. Whether they are considering the potential of rising interest rates from the Fed or the impact of the

Traci BidingerWhy Buy Now Instead of Later?

ICSC Adds Calkain’s David Sobelman to its Faculty

Tampa, FL – The International Council of Shopping Centers (ICSC), the industry’s largest retail commercial real estate association with over 70,000 members in over 100 countries, has named David Sobelman its sole faculty member focused on triple net lease investments.  Sobelman was chosen to lead ICSC’s education platform for its membership which will include presentations at various locations throughout the country including their annual conference, known as RECON, which typically hosts about 35,000 attendees in Las Vegas, NV.

Being selected as ICSC’s first leader in the net lease segment of commercial real estate is truly a testament to his dedication …

Traci BidingerICSC Adds Calkain’s David Sobelman to its Faculty