Tag: cap rate

Calkain Represents Top DC Developer in Sale of NC Walgreens at a 5.51% Cap

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

Emily CusmanoCalkain Represents Top DC Developer in Sale of NC Walgreens at a 5.51% Cap

Florida Dairy Queens Trade Quickly in Sale-Leaseback

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 …

Emily CusmanoFlorida Dairy Queens Trade Quickly in Sale-Leaseback

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

Rick Fernandez of Calkain Companies Sells $2.3M Franchise Dairy Queen for 6.00% Cap Rate

Herndon, VA – Rick Fernandez, Senior Managing Director of Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of a NNN Dairy Queen in Franklin, Virginia.

Our marketing approach continues to yield industry leading cap rates,” said Fernandez.

“Calkain’s national reputation as the leading provider of net lease investments draws investors from around the globe and we were able to secure multiple offers providing our client with the most favorable closing options,” Fernandez continued.

Fernandez represented the seller in the sale of the property, providing marketing and transaction support to guide the deal from negotiating …

Emily CusmanoRick Fernandez of Calkain Companies Sells $2.3M Franchise Dairy Queen for 6.00% Cap Rate

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?

David Sobelman Facilitates Gas/Convenience Store Portfolio Sale

Tampa, FL – David Sobelman, Executive Vice President and Managing Partner of Calkain Companies, has procured the sale of a portfolio of gas and convenience stores in Phoenix, AZ.  Sobelman, never having turned down a challenging assignment, was able to evaluate, market and ultimately sell the portfolio that is occupied by local sole proprietors and guaranteed by a distributor of the Valero-branded stores.

Sobelman commented,

All parties were very happy with the outcome of this transaction as it provided partial liquidity for my client and also became an accretive addition to the buyer’s, an undisclosed private real estate investment trust

Emily CusmanoDavid Sobelman Facilitates Gas/Convenience Store Portfolio Sale

Cap Rate Report Q3 2016

The third quarter of 2016 saw cap rates follow a similar pattern from the beginning of the year. There has been a gradual decrease of 7.5 bps drop from the last quarter and a 20 bps drop year-to-date. 

Traci BidingerCap Rate Report Q3 2016