Herndon, VA – Rick Fernandez, Senior Managing Director of Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of a NNN Dunkin’ Donuts and Baskin-Robbins in Oldsmar, Florida for $2.475M at a cap rate of 5.32% on in place income.
Fernandez represented the seller, providing marketing, transaction support and a “hands on until it closes” approach to the entire sales process. Fernandez commented,
Calkain’s outreach drew investors from around the globe and we were able to secure multiple offers providing our client with the most favorable closing options.”
The buyer viewed the location and credit strength of the tenant as the critical factors in acquiring the property. The transaction closed within the last thirty days and is recorded in the public record.
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.