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, Calkain listed the property and was able to procure a 1031 exchange buyer, quickly re-selling the Walgreens for just over $5 million with a 5.51% cap rate.
Fallon, Executive Managing Director, commented,
We were confident in our ability to generate a good deal for
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 commented,
Calkain’s national reputation as the leading provider of net lease investment properties draws investors from around the globe and we were able to secure multiple offers providing our client with the most favorable closing options.”
The buyer viewed the location and long operating history …
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 not all of them have succeeded.
In the last 10 years many chefs started moving away from traditional sit-down restaurants to fast-casual restaurants where they can do a higher volume, and perhaps make bigger profits in smaller spaces. That’s the theory anyway.
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 …
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 is a 38 unit mixed-use development featuring modern upscale building treatments.
The units are 100% leased and include a dedicated lobby for the commercial space, public conference room, a private 24-space parking garage and storage areas to meet the needs of the
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 1947, the names changes from Tote’m Stores to 7-Eleven to reflect the new extended hours – 7 a.m. to 11 p.m., seven days a week. In 1963, a 7-Eleven location near a university in Austin, Texas opens all night to accommodate students and the 24/7 …
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 …
As the economy has recovered from the 2009 recession, the service industry has expanded rapidly. The automotive sector has been steadily growing over the years with the expectation of more growth in the future, particularly for the auto parts industry. This is attributed to consumers maintaining vehicles longer, creating opportunities for dual-store retailers catering to “Do It Yourself” (DIY) consumers and “Do It For Me” (DIFM) service providers such as AutoZone, O’Reilly Auto Parts and Advance Auto Parts.…
When a retailer announces that it will sell off about 1,200 stores in order to take its business to the next level, these days the assumption is that the company is struggling to stay afloat and needs to quickly shed excess weight and curb costs.
In Walgreens Boots Alliance’s case, however, the sale of more than 1,000 Rite Aid locations will help the former meet regulatory approvals before completing its planned $7.4 billion merger and expanding its footprint across the United States.
The deal was announced in October 2015, and was recently amended to reflect Walgreens’ plan to sell off …
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 …