Press Release

Calkain’s Rick Fernandez Arranges $6.35M Sale of Washington DC, Metro Applebee’s

Herndon, VA – March 20, 2019 Rick Fernandez, Senior Managing Director of Calkain Companies, recently brokered the sale, sold individually to private investors, of Applebee’s restaurants in California, Maryland, and Winchester, Virginia.

Fernandez commented, “These assets are true coupon clippers with no landlord responsibilities.”  He continued, “The Winchester and California Applebee’s have been solid and profitable performers for decades and the buyers were drawn to the rock-solid, high traffic real estate with a proven tenant.”  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 also has the strong performing NNN Harrisonburg Applebee’s and over $69M in single and multi-tenant NNN investment properties offered for sale at cap rates ranging from 5.5% to 7% and priced from $1M to $17M.  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, 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 Rick Fernandez Arranges $6.35M Sale of Washington DC, Metro Applebee’s

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