Press Release

Calkain Achieves Lowest 7-Eleven Cap Rate in Northern Virginia

Jonathan Hipp Brokers Sale of Chantilly, VA 7-Eleven for $3.55M

Calkain Companies, a brokerage firm focusing solely on net lease, completed the sale of a 7-Eleven in Chantilly, Virginia for $3.55M.  This C-store asset, located at 43251 John Mosby Highway, is situated in South Riding, one of the nation’s most affluent neighborhoods, located within the richest county in the United States where the average household income is $152,000.  Jonathan Hipp, Calkain’s President and CEO, represented the seller in this transaction.

According to Calkain research, Hipp achieved an aggressive 4.90% cap rate, a premium to the STNL average in all categories (6.25%), and a 20 basis point cap rate edge to other C-stores.  Hipp commented, “We sold this asset to a large family office out of New York.  7-Eleven assets, coupled with their strong locations and investment grade credit, make for excellent generational investments and produce a reliable source of fixed income.”

Hipp went on to state, “Additionally, STNL properties as opposed to other retail stores, are inherently insulated from the “Amazon Effect” and this is particularly true with the convenience stores that satisfy customers immediate needs.” In the retail sector, C-stores represent a unique niche in the marketplace offering grab-and-go solutions to customers’ instant demand for items.

Calkain Companies is a commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant net leased properties through all aspects of the transaction including advisory, brokerage, debt placement, equity placement, asset management and research. Calkain has a national platform with multiple office locations throughout the entire East Coast. Additional information about the firm and listings may be found at calkain.com.

Traci BidingerCalkain Achieves Lowest 7-Eleven Cap Rate in Northern Virginia

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