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Fallon and Fernandez Broker $3M Sale of Ground Floor Retail at 1011 M Street NW

Herndon, VA Calkain‘s Urban Investment Advisors team of Rick Fernandez, Senior Managing Director and Andrew Fallon, Executive Managing Director, completed the advance sale of the ground floor retail unit of a soon to be completed restaurant at 1011 M Street NW.  The 4,260 square foot upscale restaurant will occupy the street level floor of the luxury 10Eleven Condominiums in the dynamic and transitioning Shaw neighborhood of Washington, DC.

Calkain consulted with the seller for over a year on the lease to position the property for maximum value on the net lease market.  The seller chose Calkain and opted to …

AmyFallon and Fernandez Broker $3M Sale of Ground Floor Retail at 1011 M Street NW

Will Hurricane Irma Dissuade Florida Investors?

GlobeSt.com

Doug Aronson, a net lease broker and managing director in Calkain’s South Florida office, sounds off in this exclusive interview.

MIAMI—The financial toll from monstrous Hurricane Irma is still being calculated but early estimates are already in the tens of billions of dollars. Indeed, the ferocious storm wreaked havoc across most of the entire State of Florida. Some are still experiencing power outages.

While it will take many months for some Floridians to fully recoverDoug Aronson, a net lease broker and managing director in Calkain’s South Florida office, says investors and developers will still flock to

AmyWill Hurricane Irma Dissuade Florida Investors?

With 17 Dollar Generals Sold This Year, There’s a New General in Town

Calkain’s Fallon Paves the Way for Net Lease Investors

Herndon, VA – Calkain’s Executive Managing Director, Andrew Fallon, recently completed the sale of his 17th Dollar General store this year, having sold 11 of them just this summer. The stores are located in Pennsylvania, Ohio, Maine and Maryland. All properties are similar in size, approximately 9,000 square feet and are 100% leased to Dollar General Corporation.  The newly constructed NNN stores sold at an average cap rate of 6.67%, right in line with the 6.63% average cap rate for Dollar Generals at the end of the Second Quarter 2017 according …

Traci BidingerWith 17 Dollar Generals Sold This Year, There’s a New General in Town

Will Amazon’s Acquisition Of Whole Foods Eat Up The Net Lease Industry?

GlobeSt.com

On August 28, Amazon officially acquired Whole Foods. There have been some immediate customer facing changes such as slashing prices on a selection of common foods and offering the Amazon Echo and Dot devices in stores. Amazon has promised even more changes in the future.

The acquisition of Whole Foods will give Amazon’s physical distribution network a larger footprint. Currently, “Amazon Locker” pickup points, while many in number, are constrained by both their physical size and the number of available lockers.  Now Amazon customers will be able to pick up larger items and even return products via Whole Foods locations. …

AmyWill Amazon’s Acquisition Of Whole Foods Eat Up The Net Lease Industry?

Calkain Cos. Brokers $6.1M Sale of Wawa-Leased Property in West Palm Beach

REBusinessOnline

WEST PALM BEACH, FLA. — Calkain Cos. has arranged the $6.1 million sale of a retail property located at 1771 S. Congress Ave. in West Palm Beach that is currently leased to Wawa. Patrick Nutt and Scott Campbell of Calkain represented the undisclosed seller in the transaction. The newly constructed convenience store features a 20-year ground lease. The deal marks Nutt’s 23rd Wawa transaction. The buyer was not disclosed.

Read the full article at REBusinessOnline.com

AmyCalkain Cos. Brokers $6.1M Sale of Wawa-Leased Property in West Palm Beach

Calkain Closes its Latest Wave of Wawa Sales

Patrick Nutt Closes His 23rd Net Lease Wawa Transaction

Fort Lauderdale, FL Calkain Companies brokered the $6.13M sale of a Wawa located at 1771 S Congress Avenue in West Palm Beach, Florida.  Patrick Nutt, Managing Partner, and Scott Campbell, Associate Director at Calkain, represented the seller in this most recent Wawa transaction.  With new construction and 20 year ground leases, the stability of Wawa lends itself to be a solid fixed income investment.

Wawa is a highly sought after investment grade national tenant, ranked #40 in Forbes top private companies with $9B in revenue. Having closed two Wawa …

TAGS: FLORIDA, NUTT, WAWA
AmyCalkain Closes its Latest Wave of Wawa Sales

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.…

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

What Will The Failed Rite Aid-Walgreens Merger Mean To Net Lease Investors?

GlobeSt.com

Walgreens had entered into an agreement to acquire Rite aid in October 2015. The agreement was stalled while both companies waited for approval from the Federal Trade Commission (FTC). In December 2016, divestiture of many Rite Aid locations to Fred’s, Inc was announced. This was intended as an appeasement in order to get the FTC’s approval.

Walgreens and Rite Aid made the decision to scrap the merger after receiving feedback from the FTC leading them to believe the merger was not going to be approved. They have announced a new agreement, Walgreens will purchase 2,186 stores, three distribution centers, and …

AmyWhat Will The Failed Rite Aid-Walgreens Merger Mean To Net Lease Investors?

How Will The Federal Reserve Impact Cap Rates?

GlobeSt.com

On July 26th, the Federal Reserve System (the Fed) announced they will maintain the current target range for the federal funds rate, 1.00% – 1.25%. The Fed also reaffirmed their promise from their June meeting and will “begin implementing its balance sheet normalization program relatively soon.” There are many eyes on this balance sheet because of the far reaching effects of unwinding $4.5 trillion worth of securities.

The Fed has gotten to this enormous balance sheet by purchasing primarily Treasury and mortgage-related securities, which represent approximately $2.5 trillion and $1.8 trillion respectively. These purchases began in 2008 as …

AmyHow Will The Federal Reserve Impact Cap Rates?

Fernandez and Fallon Retained to Sell New Trophy $8.4M Chick-fil-A Drive-Thru Property

Calkain Brings 1401 Maryland Ave NE to Market, Fully Leased to Chick-fil-A

Herndon, VA – Rick Fernandez, Senior Managing Director and Andrew Fallon, Executive Managing Director of Calkain’s Urban Investment Advisors, have been retained to sell 1401 Maryland Ave NE Washington DC.  The fee simple investment opportunity features a long term, landlord friendly lease with Chick-fil-A.  The highly visible corner real estate features one of the only fast food drive-thru windows in the District of Columbia and the only Chick-fil-A in the city with a drive thru.  The Chick-fil-A is in close proximity to the rapidly redeveloping H Street, Union …

AmyFernandez and Fallon Retained to Sell New Trophy $8.4M Chick-fil-A Drive-Thru Property