Tag: Net Lease

The Net Lease Market In One Word


The first quarter of 2017 can be summed up with a single word: Stable.  According to our Calkain research team, the entire market only moved 11 bps. This lack of movement was driven by the Dollar Store and Pharmacy sectors.

The Dollar Store sector saw cap rates fall by 16 bps, in line with the overall market movement. The movement of the major tenants, Family Dollar (-28 bps) and Dollar General (-15 bps), paints a deceiving picture. When looking at prime deals (10+ years remaining on the lease), the movement goes from small to near zero. Prime Family Dollar deals …

Traci BidingerThe Net Lease Market In One Word

Fernandez & Fallon Retained to Sell First Floor Net Lease Retail on M Street NW, DC

Herndon, VA – Rick Fernandez and Andrew Fallon of Calkain Urban Investment Advisors have been retained to sell the first floor restaurant space of the newly built, 94% sold out, 10Eleven luxury Condominiums at the corner of 11th and M Streets NW.

Fernandez, Calkain’s Senior Managing Director, commented,

Net lease real estate is in short supply in DC and we are excited to show investors this highly adaptable ground floor retail property in one of the hottest development markets in the city.”

10Eleven is at the border of the dynamic and rapidly growing Logan Circle and Shaw neighborhoods. The …

Emily CusmanoFernandez & Fallon Retained to Sell First Floor Net Lease Retail on M Street NW, DC

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

Rick Fernandez of Calkain Companies Sells $2.65M Children of America Daycare

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 …

Emily CusmanoRick Fernandez of Calkain Companies Sells $2.65M Children of America Daycare

Fallon and Fernandez to Sell Prime Washington, DC Mixed-Use Real Estate

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.

Fallon commented,

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

Emily CusmanoFallon and Fernandez to Sell Prime Washington, DC Mixed-Use Real Estate

Net Lease Thrives, In Contrast To Declining Malls


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 …

AmyNet Lease Thrives, In Contrast To Declining Malls

Applebee’s sales a signal of the health of retail market

Business Observer

In a further sign that the Gulf Coast retail market remains healthy — at least for triple net deals involving credit tenants — a Tampa-based investment firm has sold 14 properties occupied by Applebee’s restaurants for $46 million.

Each of the stand-alone restaurants, from the Orlando metropolitan area throughout the Gulf Coast, has between 17 years and 20 years left on its lease.

The going-in capitalization rate for the properties was 5.9%, says David Sobelman, executive vice president and managing partner for the Tampa office of Calkain Cos., a Virginia-based commercial brokerage firm that specializes in net leases properties.

Sobelman …

Traci BidingerApplebee’s sales a signal of the health of retail market

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

Investor Demand Remains Strong Despite Rising Cap Rates

Herndon, VA – 2016 ended with the Federal Reserve increasing the interest rate by 0.25%, signifying confidence in an improving US economy.  As illustrated in Calkain’s newly released Q4 Cap Rate Report, cap rates in the single tenant net lease (STNL) market are also on the rise, ticking up 18 bps from Q3.  Cap rates will continue to trend upward along with the interest rates, yet still are only at the level they were at this time last year.

While we are witnessing some change, albeit small, is the spread between the US Ten Year Treasury Rate and the …

Emily CusmanoInvestor Demand Remains Strong Despite Rising Cap Rates

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