Press Release

Calkain’s Fernandez Arranges $5.73M Sale Washington, DC Metro Applebee’s

Fernandez Represented Seller in the Transaction

Herndon, VA – Rick Fernandez, Senior Managing Director of Calkain Companies, recently brokered the sale of two Applebee’s restaurants, one in Frederick, MD and and the other in Warrenton, Virginia.  Sold individually, the properties were purchased by private investors in a 1031 exchange.

Fernandez commented, “The buyers were looking for long term stabilized real estate with solid fundamentals and no landlord responsibilities.”  He continued, “The long operating history, ideal casual dining locations, demographics and tenant guarantee were critical to closing the deal.”  Calkain’s national platform and reputation as the leading provider of NNN investment property delivered multiple offers allowing the seller to choose the most favorable closing terms.

The transactions recently closed and are recorded in the public record.

Currently, Fernandez has over $57M of single and multi-tenant NNN real estate offered for sale at market cap rates and priced from $1.2M to $12M.  For more information please contact Rick Fernandez at rfernandez@calkain.com or call 703.787.4732.

Calkain Companies LLC 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, asset management, capital markets 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 www.calkain.com.

Traci BidingerCalkain’s Fernandez Arranges $5.73M Sale Washington, DC Metro Applebee’s

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