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 increase in interest rates they can’t always find it. Fortunately, though, we were able to negotiate based on term and yield expectations.”
Aronson, in consultation with his seller, a two-unit Dairy Queen operator in Florida’s panhandle, structured a 15-year NNN sale-leaseback with 2% annual …
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 …
Ft. Lauderdale, FL – Calkain Companies has brokered the sale of a two-tenant strip center in St. Petersburg, FL. The property, featuring new 10-year leases with Sleep Number and BayCare Urgent Care, along with a Wells Fargo ATM, traded for $3,900,000 representing a 6.01% cap rate.
“Like a lot of our Florida properties, this center garnered a lot of interest,” said Patrick Nutt, Managing Partner at Calkain. “Considering the location, this was one of the higher yielding assets due to the multi-tenant structure and investors quickly took notice,” added Nutt.
The property was built new in 2016 and offers excellent …
Fort Lauderdale, FL – Calkain’s South Florida office recently brokered the sale of a NNN CVS Ground Lease in Plantation (Fort Lauderdale), FL. Patrick Nutt, Managing Partner, Doug Aronson, Director, and Scott Campbell, Associate Director, represented the seller.
The team generated multiple offers, ultimately selling the property to a 1031 all cash buyer based in New York. The transaction closed at a 4.67% cap rate, representing the desirability of South Florida triple net investments.
Calkain’s national reputation as the leading provider of net lease investments, coupled with the Florida location and strong lease terms of this particular property, offered the
Orlando, FL — Two PDQ net leased restaurants in Florida just traded hands. One property is in Sarasota, FL and the other in the Saint Petersburg suburb of Pinellas Park, FL.
We expect to bring a few more PDQ locations to the market as the company expands at both the corporate and franchisee level.”
Calkain Companies director Doug Aronson, along with managing director Patrick Nutt, both out of the firm’s South Florida office represented the seller. Calkain has traded most of its PDQ’s in the mid 5% cap range with prices ranging from $2.15 million to $3.1 million, with the …
Tampa, FL – Calkain Companies, America’s Net Lease Company, recently sold two additional PDQ restaurants in Florida. The properties, located at 5164 S. Tamiami Trail in Sarasota and 4601 Park Blvd in Pinellas Park, a St. Petersburg, FL suburb, closed on May 27, 2016, bringing to five the number of properties occupied by PDQ which Calkain has sold or put under agreement in the past six months.
Doug Aronson, Director, along with Patrick Nutt, Managing Partner, both out of Calkain’s South Florida office represented the Seller.
While PDQ is a growing name in the fast casual industry, their popularity with