Press Release

Calkain’s Fernandez Retained to Sell $9.5M

Herndon, VA – Rick Fernandez, Calkain’s Senior Managing Director, was recently retained to sell the Verizon anchored five tenant retail property at the prominent intersection of Route 29 and Rio Road on Charlottesville’s main retail corridor.

The 1.5 acre corner parcel and 14,696 square foot building were constructed in 2007.  All but one of the original tenants remain.  The newest tenant, a Verizon Wireless store, closed a nearby store to relocate to this center to take advantage of the 90,000+ cars that pass through the intersection immediately adjacent to the Rio Road Shops.  In addition to Verizon, the NNN leased long term tenants include Jimmy Johns, The Vitamin Shoppe and Sportclips.  Fernandez commented, “The strong and stable tenant mix operating under NNN leases provide cash flow stability and the potential for income appreciation. This is an exclusive opportunity to own a highly adaptable, generational investment minutes from the University of Virginia in the heart of Charlottesville’s shopping district.”

Contact Rick Fernandez rfernandez@calkain.com, 703-787-4732 for more information on this listing.

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, capital markets, 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 www.calkain.com.

Traci BidingerCalkain’s Fernandez Retained to Sell $9.5M

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