Calkain Companies recently completed the sale of a NNN IHOP in Leesburg, VA. The restaurant has been operating in this location since 1997 and was purchased by a private investor from the Washington, DC area. This IHOP is located in a popular Wal-Mart shopping center on the Route 15 Bypass just off the Dulles Toll Road approximately 45 minutes from our Nation’s Capital.
Betty Friant, Vice President of Calkain Realty Advisors, identified the asset and ultimately procured the transaction. “Realizing the lack of available opportunities for high quality single tenant assets in Virginia, this asset never hit the market,” explains Friant. She continues, “It was solely due to the efforts of Calkain that the transaction occurred. With only 5 years remaining on the lease, the seller was happy to find a buyer.” 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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