In the News

Fernandez Brings Prime Vienna, VA NNN Asset to Market (4/21/2017) - Herndon, VA – April 21, 2017 – Calkain’s Senior Managing Director, Rick Fernandez, is bringing to market the Coldwell Banker building located at the prime corner of Route 123 and Nutley Street in Vienna, Virginia. Offered for sale is nearly one acre of irreplaceable corner real estate in one of DC’s most affluent suburban communities along
Bridging the Net Lease Retail Buyer-Seller Gap (4/20/2017) - Calkain Cos. Associate Director Scott Campbell delves into how factors like rising interest rates and a new political structure have made the gap between buyers and sellers a particular focus for net lease retail investment players this year. In my article from December, I discussed the correlation (or lack thereof) between cap rates and interest rates, but
Calkain Represents Top DC Developer in Sale of NC Walgreens at a 5.51% Cap (3/21/2017) - Herndon, VA – Andrew Fallon and Rick Fernandez of Calkain Companies completed the sale of a NNN Walgreens in Garner, North Carolina on behalf of one of DC’s top area developers. Calkain previously worked with the client in the acquisition of this asset, having been provided investment criteria of obtaining a liquid NNN property. More recently,
Rick Fernandez of Calkain Companies Sells $2.65M Children of America Daycare (3/16/2017) - Herndon, VA – Rick Fernandez, Senior Managing Director of Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of a triple net lease Children of America daycare center in Bealeton, Virginia. Fernandez represented the seller, providing marketing and transaction support to guide the deal from negotiating offers to closing. Fernandez
Fast-Casual Restaurants: Boom or Bust? (3/8/2017) - Which new fast-casual chain will be the next Chipotle? This a question many investors and landlords wonder and ask. Competition is fierce for these chains across the country. The demand for a small footprint in a premium location is also high. A surge of new fast-casual restaurants has flooded the market in recent years, but
Florida Dairy Queens Trade Quickly in Sale-Leaseback (3/2/2017) - Fort Lauderdale, FL – Calkain Companies has sold two Florida Dairy Queens, both of which went under contract within weeks of marketing. The key was pricing them at a 6.00% cap,” said Doug Aronson, Managing Director in Calkain’s South Florida office. “Investors have certain expectations these days of getting a more favorable yield, but given the
Fallon and Fernandez to Sell Prime Washington, DC Mixed-Use Real Estate (3/1/2017) - Herndon, VA – Rick Fernandez, Senior Managing Director and Andrew Fallon, Executive Managing Director of Calkain’s Urban Investment Advisors, have been retained to sell the first and second floor units within the Tenley Hill Condominium. This premier mixed-use property is LEED Certified, 3 star rated, and located at 4719-4731 Wisconsin Avenue, NW, Washington, DC. Tenley Hill
Oh Thank Heaven For 7-Eleven (3/1/2017) - 7-Eleven Inc. is the world’s largest, franchisor, and licensor of convenience stores with more than 60,000 stores located in 17 countries around the world. The company actually started on an ice dock in 1927 by “Uncle Johnny” Jefferson who had the bright idea to start selling everyday staples from a dock in Dallas, Texas. By
Automotive Sector Outpaces STNL Rates (2/22/2017) - Calkain Companies Releases Automotive Sector Net Lease Report The US economy has recovered from the 2009 recession and we have seen continued growth in the net lease automotive sector, with expectations of more growth for the auto parts industry. The average national automotive cap rates mirror the single tenant net lease (STNL) rates, ending 2016
Net Lease Thrives, In Contrast To Declining Malls (2/21/2017) - 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.
Mike VangsnessNews & Media