Tag: CRE

Fernandez Brings Prime Vienna, VA NNN Asset to Market

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 with improvements and a long standing, corporate guaranteed (NRT MidAtlantic/Realogy), triple net lease to Coldwell Banker.  Fernandez commented, “The Vienna submarket traditionally has low vacancy and a densely packed retail corridor, making this a stable income producing property and an ideal generational net lease …

Traci BidingerFernandez Brings Prime Vienna, VA NNN Asset to Market

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

Lessons Learned From Previous Mergers


The recent announcement that Fred’s would purchase upwards of 600 locations from Walgreens/Rite Aid to help ensure approval of their merger, highlights an issue facing some owners of these properties. What happens if my property is slated to be closed?

Despite the 600 locations that Fred’s is going to take over, there will still likely be many other Walgreens and Rite Aid locations that will be in close proximity to each other, that one or the other will be shuttered. Landlords of these properties will of course, still be paid their contractual rents; however, the value of the property will …

AmyLessons Learned From Previous Mergers

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

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

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

What To Expect In December


With the holiday season in full swing, the country will be waiting to see if the Fed will increase interest rates during their meeting on December 14th. Following Trump’s presidential election victory, we have seen a surge in S&P, Dow Jones, and Nasdaq.  The Dollar has also advanced and we’ve seen a rise in bond yields.  Meanwhile, cap rates have continued to compress this year, with some STNL properties trading at record low cap rates. Clearly, that trend can’t hold on for much longer, a tune we’ve all been singing for a while.

A major indicator for a rate hike …

AmyWhat To Expect In December

Dunkin’ Donuts Sells in Odessa, FL for $1,575,000

Ft. Lauderdale, FL – Calkain’s Managing Partner, Patrick Nutt has recently completed the $1,575,000 sale of the Dunkin’ Donuts asset located at 17951 Gunn Highway in Odessa, FL.  The out of state 1031 Exchange buyer was attracted to the NNN lease, new construction with a franchise guaranty.

Typical with most Dunkin’ Donuts buildings, this asset was well-situated at a hard signalized intersection in a strong retail corridor.  With a strong, high profile tenant, this type of NNN asset will continue to draw attention from buyers as a solid investment to place cash, or in the case here, a 1031 exchange.…

Traci BidingerDunkin’ Donuts Sells in Odessa, FL for $1,575,000