May 6, 2008 CVS Sells in Sun City, Florida Calkain Realty Advisors Procures Net Lease Transaction Tampa, FL, - Calkain Realty Advisors, the private market division of Calkain Companies, a national real estate investment brokerage firm, has procured the sale of the real estate currently occupied by CVS in Sun City, FL. The property is situated at the southwest corner of Sun City Center Blvd and Pebble Beach Blvd. Patrick Nutt, Associate of Calkain Realty Advisors, represented the buyer, 35-24 Realty, LLC, in the $2.6MM transaction. “We are seeing investors take a better look at the underlying real estate of net leased investments, in search of fundamental quality and common sense rationale for long term occupancy,” Nutt commented. While utilizing Calkain’s in-house due diligence service, Calkain Site Services, Calkain unlocked a unique trait regarding this location; the ability of Sun City residents to access the property by use of their personal golf carts. Nutt stated, “While some may not see this as a mitigating factor when evaluating real property, direct golf cart access to a pharmacy for 7500+ residents over the age of 55 provides a distinct competitive advantage for the current tenant.” This highly unusual factor, found by Calkain Site Services, delineated itself from similar assets and proved that the current and long term value of the property was warranted and valid for this market. Calkain is a privately held, full service real estate brokerage firm with a national scope focusing on single and multi tenant retail, industrial, hotel and office net leased transactions. Calkain has offices in the Northeast, Mid-Atlantic, and Southeast United States. Additional information about the firm and its listings may be found at www.calkain.com. Media Contact: David Sobelman | (813) 282.6000

 

Close Window