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What an Uncertain Market Outlook Means to Net Lease

GlobeSt.com

Would further interest-rate cuts lower the cap-rate spread throughout the remainder of the year? That depends on when the cuts occur, and how much they change.

Let’s start off by stating the obvious. No one knows what the end of the year will look like in terms of any of the drivers of market dynamics, and by that I mean the 10-Year Treasury, interest rates or cap rates.…

Amanda WillisWhat an Uncertain Market Outlook Means to Net Lease

Calkain Arranges $15 Million Sale of Triple-Net-Leased CVS in D.C.

Shopping Center Business

Washington, D.C. — Calkain Cos. has arranged the $15 million sale of a triple-net-leased CVS property in Washington, D.C. The 8,754-square-foot building is located at 3323, 3325-3329 Connecticut Ave. NW, three miles north of downtown Washington, D.C. The building first served as a pharmacy in the 1950s before being converted to a CVS in 1990. Jonathan Hipp and Rick Fernandez of Calkain represented the seller, an undisclosed family trust, in the transaction. The buyer was a private investor completing a 1031 tax-deferred exchange.

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Amanda WillisCalkain Arranges $15 Million Sale of Triple-Net-Leased CVS in D.C.

Calkain’s Hipp Completes $4.1M Sale of Single Tenant Net Leased Royal Farms in Elkridge, Maryland

NNN Ground Lease at 7136 Montevideo Road in Elkridge, MD

Herndon, VA – Jonathan Hipp, President & CEO at Calkain Companies, recently completed the sale of the newly built Royal Farms convenience store at 7136 Montevideo Road in Elkridge, Maryland.  Hipp represented a local developer in the disposition of this 20-year NNN ground lease in a $4,100,000 sale.…

Traci BidingerCalkain’s Hipp Completes $4.1M Sale of Single Tenant Net Leased Royal Farms in Elkridge, Maryland

Calkain’s Hipp & Fernandez Arrange $15M Sale of Washington DC Connecticut Avenue NNN CVS

Connecticut Avenue NW CVS Pharmacy Sells at $1,714 PSF

Jonathan Hipp, President & CEO and Rick Fernandez, Senior Managing Director at Calkain Companies, recently completed the sale of the, 8,754-square-foot, street level NNN real estate, 100% leased to CVS Pharmacy at 3323, 3325-3329 Connecticut Avenue, NW in Washington DC.  Calkain represented the seller, a Family Trust, in the $15M, 5.8% cap rate transaction.…

Traci BidingerCalkain’s Hipp & Fernandez Arrange $15M Sale of Washington DC Connecticut Avenue NNN CVS

Calkain’s Fernandez Completes Sale of $15.2M Five Applebee’s Portfolio– Harrisonburg, VA Closes for $3.12M

CItyBizList.com

Rick Fernandez, Senior Managing Director of Calkain Companies, recently brokered the sale, to private investors on a 1031 exchange, of the real estate at 1860 East Market Street In Harrisonburg, Virginia under a long term lease to Potomac Family Dining operating an Applebee’s restaurant at this location. This sale completes a five unit portfolio sale of Applebee’s in Maryland and Virginia.

Fernandez commented, “These assets are true coupon clippers with no landlord responsibilities.” He continued, “The Harrisonburg location has been a strong performer for decades and the buyers were drawn to the rock-solid, high traffic real estate with a proven …

Leigh ClineCalkain’s Fernandez Completes Sale of $15.2M Five Applebee’s Portfolio– Harrisonburg, VA Closes for $3.12M

Calkain’s Fernandez Completes Sale of $15.2M Five Applebee’s Portfolio – Harrisonburg, VA Closes for $3.12M

 

Rick Fernandez, Senior Managing Director of Calkain Companies, recently brokered the sale, to private investors on a 1031 exchange, of the real estate at 1860 East Market Street in Harrisonburg, Virginia under a long term lease to Potomac Family Dining operating an Applebee’s restaurant at this location.  This sale completes a five-unit portfolio sale of Applebee’s in Maryland and Virginia.…

Amanda WillisCalkain’s Fernandez Completes Sale of $15.2M Five Applebee’s Portfolio – Harrisonburg, VA Closes for $3.12M

Net Lease Investors Hungry for Casual Dining

Commercial Property Executive

Necessity-based retail is more e-commerce resistant, and there is a positive outlook for chain restaurants and gyms.

As the business cycle continues to defy expectations and induce concerns, net lease real estate, also known as “the bond wrapped in real estate,” is highly desirable for many investors.…

Amanda WillisNet Lease Investors Hungry for Casual Dining

Calkain’s Jonathan Hipp and Natalia Nunno Complete the Sale of a Single Tenant Net Leased Chick-fil-A in Virginia Beach, VA

Herndon, VA – Calkain’s Jonathan Hipp and Natalia Nunno, recently completed the sale of a triple net leased Chick-fil-A in Virginia Beach, VA. The property, located at 4752 Virginia Beach Boulevard, was built in 2017 and the NNN ground lease had built in rent increases. The asset sold at a 4.0% cap rate for $2,912,499.00 to a local 1031 buyer.…

Leigh ClineCalkain’s Jonathan Hipp and Natalia Nunno Complete the Sale of a Single Tenant Net Leased Chick-fil-A in Virginia Beach, VA