Tag: retail

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

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

Calkain Brokers Sale of Two-Tenant Strip Center in St. Petersburg, Florida

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 …

Emily CusmanoCalkain Brokers Sale of Two-Tenant Strip Center in St. Petersburg, Florida

Dunkin’ Donuts Transaction in Ocoee, FL Outperforms Net Lease Market

Calkain’s Managing Partner, Patrick Nutt and Executive Managing Director, Andrew Fallon have recently completed the sale of the Dunkin’ Donuts property located at 2266 Ocoee Apopka Rd, Ocoee, FL 34761.  The 2,126 square foot building is 100% leased to Dunkin’ Donuts and sold for full asking price at $1,375,000. The newly constructed building is situated on the corner of Ocoee Crown Point Pkwy and Ocoee Apopka Rd.

According to Nutt, “The supply versus demand issues have been affecting net lease in various ways over the past 6-12 months, with some asset classes observing a slight expansion in cap rates due …

Traci BidingerDunkin’ Donuts Transaction in Ocoee, FL Outperforms Net Lease Market

Calkain’s Fernandez Sells North Carolina Arby’s Portfolio for $3.45M

Herndon, VA – Rick Fernandez, Senior Managing Director of Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of two North Carolina NNN Arby’s – one in Rocky Mount and the other in Roanoke Rapids. The two properties sold this week for a combined purchase price of $3,450,000.

Fernandez represented the seller providing marketing, lease analysis, site review, and transaction support for offer and contract negotiations to guide the deal to closing. The buyer viewed the solid real estate and sales history at the stores, along with Arby’s strong corporate growth as the critical factors …

Emily CusmanoCalkain’s Fernandez Sells North Carolina Arby’s Portfolio for $3.45M

Florida Family Dollar Sold by Calkain’s Nutt and Campbell

Fort Lauderdale, FL – Patrick Nutt, Managing Partner of Calkain Companies, America’s Net Lease Company®, along with Associate Director Scott Campbell, recently sold a Family Dollar in Melbourne, Florida. The South Florida brokerage team generated multiple offers for the property and were able to sell the asset at 98% of the asking price.  The standalone Family Dollar has a brand new 15 year NNN lease, making it an attractive deal for investors looking for real estate in the income tax free state of Florida.

Nutt commented,

Investors are seeing an inherent value in the dollar store space, specifically with

Emily CusmanoFlorida Family Dollar Sold by Calkain’s Nutt and Campbell

Calkain Companies Sells South Florida CVS for 4.67% Cap Rate

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

Emily CusmanoCalkain Companies Sells South Florida CVS for 4.67% Cap Rate

Fallon and Fernandez Sell 7-Eleven Anchored Retail Condos at The Solea in Washington, DC for 5.42% Cap Rate

Herndon, VA – The Calkain Urban Investment Advisors team of Andrew Fallon and Rick Fernandez have recently completed the sale of the 7-Eleven anchored retail condos located at 2300 14th Street NW in Washington, DC for $4,395,000, a 5.42% cap rate. The 4,728 square foot retail property at The Solea Condominiums is 100% NNN leased to 7-Eleven, Logan Title and Knot Standard.

The buyers, an investment group from China, paid cash for the asset and closed within a 45 day escrow.

Calkain’s marketing platform reaches investors from across the globe and foreign investors are becoming more and more prevalent in

Emily CusmanoFallon and Fernandez Sell 7-Eleven Anchored Retail Condos at The Solea in Washington, DC for 5.42% Cap Rate

As Store Counts Rise, Dollar General’s Cap Rates Could Hit New Lows

National Real Estate Investor

Dollar General has been on a winning streak, both as a retailer and as a net lease investment, since the economy began to recover in 2009. A number of factors are driving that winning streak as a retailer, but the company’s appeal as a net lease tenant is based on profitable operations and ambitious plans for expansion. What’s more, Dollar General recently unveiled strategic plans that will likely help it maintain its glitter in the eyes of net lease investors.

Dollar General already has an investment-grade corporate credit rating from rating agencies including Moody’s Investors Service (Baa3) and …

AmyAs Store Counts Rise, Dollar General’s Cap Rates Could Hit New Lows