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Net Lease Properties Maintain Pace

Shopping Center Business

The market for single tenant net lease properties in 2017 operated in an environment of ambivalence. At issue were the political uncertainty following the election of a new U.S. president along with uncertainty regarding how proposed changes to the nation’s tax code would treat investors used to the benefits of a 1031 exchange. Rising interest rates over the past 18 months factored into net lease transactions, compressing yields on properties. All of these elements come into play at a time when retail itself is going through changes, forcing investors to look more closely at not only the real estate and

Amanda WillisNet Lease Properties Maintain Pace

The Continued Strength of the Retail Pharmacy Sector

GlobeSt.com

Think about your neighborhood retail pharmacy. Perhaps it’s a stand-alone Walgreens on a busy street corner, or a CVS on a pad site, shadow-anchored by a big-box retailer. If you’re anything like the average consumer, this pharmacy offers a handy location for prescriptions, health and beauty products, and groceries.

If investors are anything like the average net lease property owner, they might find …

Amanda WillisThe Continued Strength of the Retail Pharmacy Sector

How Have Apps Changed Retail?

GlobeSt.com

Net lease investors should care if a potential tenant has put in the time and effort to develop an app.

Has the rise of smartphones changed how people shop? Yes, consumers have done more and more shopping via smartphone. Today, we see more and more companies creating apps to reach their smartphone carrying customers, and more and more people using these apps.…

Amanda WillisHow Have Apps Changed Retail?

Calkain Urban Advisors Bring Trophy $17.5M Washington, DC Neighborhood CVS to Market

3323 and 3325-3329 Connecticut Ave, NW are offered for sale fully leased and guaranteed by CVS

Herndon, VA – Calkain’s Jonathan Hipp, President and CEO, and Rick Fernandez, Senior Managing Director, will be bringing to market 3323 and 3325-3329 Connecticut Avenue, NW providing an exceptional opportunity to acquire 8,754 square feet of rock solid, street level, trophy Washington, DC real estate along the core retail block of the highly affluent Cleveland Park neighborhood.…

Traci BidingerCalkain Urban Advisors Bring Trophy $17.5M Washington, DC Neighborhood CVS to Market

Diagnosing the Net-Lease Medical Sector

Globest.com

What do dialysis clinics, urgent care locations, and dental offices have in common? They are often net lease tenants and together these types of tenants make up the net lease medical sector.

Calkain’s just-released “Net Lease Report: Medical Sector” notes that net lease medical properties can prove to be viable investments, thanks to the following fundamentals.…

Amanda WillisDiagnosing the Net-Lease Medical Sector

Calkain’s Fernandez Completes $8.35M Sale of Two Richmond MSA Retail Centers

Herndon, VA – Rick Fernandez, Senior Managing Director at Calkain Companies, recently completed the sale of the 90% leased, 12,336 square foot Courthouse Shops, located at 6921 Commons Plaza and the fully leased 19,876 square foot Cloverhill Shops, located at 13918 Hull Street, both properties are just south of Richmond, VA.  The centers are well-situated with national anchors and great visibility along main retail trade areas.  Calkain represented the seller in the $8.35M transaction that sold at a 7.56% cap rate to a private investment group out of Baltimore, MD.…

Traci BidingerCalkain’s Fernandez Completes $8.35M Sale of Two Richmond MSA Retail Centers

Walgreen bags Ellenton store for $4.95 million

Herald-Tribune

MANATEE COUNTY — Walgreens Boots Alliance Inc. has bought the store in Ellenton it has occupied since 2001 for $4.95 million.

Deerfield, Illinois-based Walgreens, the second-largest pharmacy chain in the U.S., acquired the nearly two-acre property at 5945 U.S. 301 last month, court records show.…

Amanda WillisWalgreen bags Ellenton store for $4.95 million

Adams Morgan condo freshly leased to Wawa to be listed for sale

Washington Business Journal

Douglas Development Corp. got Wawa for Adams Morgan, and now it’s getting out.

The D.C.-based developer and landlord has retained Calkain’s Andrew Fallonand Rick Fernandez to sell the ground-floor space at 2424 18th St. NW that was recently leased to Pennsylvania-based convenience store chain, Calkain Cos. announced. The property is expected to be listed in the first quarter of 2019.…

Amanda WillisAdams Morgan condo freshly leased to Wawa to be listed for sale

Calkain’s Fernandez & Fallon Retained to Sell Washington DC’s Newest Wawa

Wawa Coming to 18th Street in Adams Morgan, Spring 2019 Projected Opening

Herndon, VA – As reported by the Washington Business Journal, Wawa is coming to 2424 18th Street NW in Adams Morgan, making it the 4th announced location in Washington, DC.  The 6,400 square foot ground floor retail space will follow the contemporary design of Wawa’s new urban store model.  Wawa stated in a press release that it plans to open 25 stores in the mid-Atlantic, including five to ten stores in the Washington, DC market. Wawa reports that each new urban model store will employ …

Traci BidingerCalkain’s Fernandez & Fallon Retained to Sell Washington DC’s Newest Wawa

Calkain Completes Sale of Net-Leased Community Bank in Washington, PA

Philadelphia, PA – Calkain Companies LLC, one of the nation’s leading net lease brokerage firms, has completed the sale of a single-tenant retail building located at 65 W Chestnut Street in Washington, Pennsylvania.  The 1,335 square foot building is 100% occupied by Community Bank, which has an absolute NNN ground lease with 15 years remaining on the lease.…

Traci BidingerCalkain Completes Sale of Net-Leased Community Bank in Washington, PA