April 12 , 2006 CALKAIN REALTY ADVISORS PROCURES CHICKEN OUT SALE/LEASEBACK TRANSACTIONS UNDERLYING REAL ESTATE HIGHLY DESIRED BY INVESTORS Reston, VA - Calkain Companies, a national real estate investment brokerage firm, has procured the sale of two Chicken Out restaurants in Old Town Alexandria, VA and Columbia, MD. Jonathan Hipp, President of Calkain Companies, represented the seller in these transactions.  “Chicken Out always places their operations in highly desirable locations.  The real estate value of these locations is unquestionable and extremely attractive” Hipp stated.  “Income properties are hard to find, on a national scale, and investors are looking for value within their assets. The Washington, DC metro region offers tremendous opportunity to attain valuable land while incorporating a leaseback transaction with income currently in place,” Hipp continued.  "With the rapid acceleration in retail rents over the past decade other retailers have been able to capitalize on the value of their low rents by selling their assets for ‘key money.’” Chicken Out Rotisserie President, David Wolfe stated: "as our Company prepares to evolve into franchising in the near future and while we are definitely not looking to vacate this market, we have come to realize that one of our company’s greatest assets is the real estate we control in the Washington Metropolitan Area.  We have been willing to sell selected locations to other restaurant tenants, various retailers, and savvy investors as a means of accelerating our return on investment." Calkain is a full service brokerage firm with a national scope focusing on single and multi tenant retail, industrial, and office net leased transactions.  Additional information about the firm and its listings may be found at www.calkain.com. Media Contact: David Sobelman, Vice President | (813) 282-6000

 

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