Calkain Companies recently completed the sale of a NN CVS in Wildwood, FL. This CVS has been operating for over twelve years and was purchased by a private equity group from the northeast United States. The store is located at a signalized intersection on 901 South Main Street, minutes away from Interstate 75 and the largest retirement community in the state of Florida, The Villages.
Michael Zimmerman, Vice President of Calkain Realty Advisors, represented the seller, a private party based in Louisville, Kentucky. “After discussing with my client the lack of available opportunities for high quality single tenant assets in Florida, we decided that it was the right time to pull the trigger and move the equity into a core property in their backyard. They got a great price for a short term double net lease with less than 8 years remaining on the base lease,” explained Zimmerman. The transaction closed in the past thirty days.
Calkain Companies is a boutique commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant retail, industrial, hotel and office net-leased transactions. While licensed to conduct business in many states, nationally, Calkain has multiple office locations throughout the Mid-Atlantic, Southeast and Northeast United States. Additional information about the firm and listings may be found at www.calkain.com.
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