Press Releases

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

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

Calkain’s Net Lease Team Expands

Connor Barton Joins the Calkain Brokerage Team

Fort Lauderdale, FL – Calkain Companies LLC announced this week that it has hired Connor Barton as the newest Investment Sales Associate in its South Florida office. Barton will be joining Managing Partner, Patrick Nutt and Associate Director, Scott Campbell at Calkain’s Ft. Lauderdale location.…

Traci BidingerCalkain’s Net Lease Team Expands

Cap Rates Continue to Tick Upward, Net Lease Outlook Remains Cautiously Optimistic

Herndon, VA – Calkain today released its Q3 2018 Cap Rate Report.  Despite four straight quarters of increases, the cap rate still remains relatively low at 6.55%, only 23 bps off our recent all-time low.

“Although we’ve seen an uptick in interest rates, the market continues to aggressively chase net lease assets.  I’m cautiously optimistic we will have a solid fourth quarter,” stated Jon Hipp, Calkain’s president and CEO.

According to the report, the net lease market is on track for continued strong performance.  The report includes a sector-by-sector breakdown, as well as an overall view of the single tenant …

Traci BidingerCap Rates Continue to Tick Upward, Net Lease Outlook Remains Cautiously Optimistic

Fernandez & Fallon Broker $1.85M Sale of Capitol Hill Retail

Herndon, VA – Calkain‘s Urban Investment Advisors team of Rick Fernandez and Andrew Fallon recently completed the sale of 749 8th Street, SE located in the Barracks Row area of the Capitol Hill neighborhood just north of the Navy Yard in Washington, DC. The 100% leased, 2,244 square foot, 2-story property is anchored by District Doughnut, a specialty doughnut shop, and the Skin Beauty Bar which offers luxury spa services.  Calkain represented the seller in the transaction and the property sold for $1,850,000.00 or $824 per square foot.

Fallon commented, “The property is well-located along 8th Street (Barracks …

Traci BidingerFernandez & Fallon Broker $1.85M Sale of Capitol Hill Retail

Fernandez & Fallon Bring Shaw Neighborhood Real Estate to Market

The Passenger – 1539 7th Street, NW Washington, DC

Herndon, VA – Calkain‘s Urban Investment Advisors team of Rick Fernandez, Senior Managing Director and Andrew Fallon, Executive Managing Director, have been retained to sell 1539 7th Street, NW under a long-term stabilized lease to acclaimed cocktail venue and eatery The Passenger.…

Albina SuFernandez & Fallon Bring Shaw Neighborhood Real Estate to Market

Calkain Arranges Sale of the Publix Super Market in Fredericksburg, VA

Publix Super Markets’ Northernmost Store in Fredericksburg, VA Sells for Nearly $15.57 Million

Herndon, VA – Calkain Companies LLC, a boutique STNL brokerage firm, has recently closed on the sale of a net-leased Publix Super Market for $15,568,085.  This 49,098 square foot store, located at 9601 Jefferson Davis Highway in Fredericksburg, VA, is the northernmost store for the chain.  Having just opened this July, the new Publix is part of Cosner’s Corner, home to a Super Target and Kohl’s.  …

Traci BidingerCalkain Arranges Sale of the Publix Super Market in Fredericksburg, VA

Calkain’s Trio of Pharmacy Sales Underscores the Importance of Lease Term in Net Lease Transactions

Patrick Nutt Brokers Sale of Three Pharmacy Sector Sales So Far This Month

Ft. Lauderdale, FL – Calkain Companies LLC, a boutique STNL brokerage firm, has recently closed on three net leased pharmacy assets.  Patrick Nutt, Calkain’s Managing Partner, represented the seller in each of the transactions and achieved cap rates at a significant premium to the national average for pharmacy sector deals in the past 12 months. …

Traci BidingerCalkain’s Trio of Pharmacy Sales Underscores the Importance of Lease Term in Net Lease Transactions

The Economy Thrives. Single Tenant Net Lease Market Soars.

Calkain Releases Net Lease Economic Report, Semi-Annual Edition.

Herndon, VA – Calkain today released its latest Net Lease Economic Report, Semi-Annual Edition.  Despite a barrage of negative news with trade wars, chemical warfare, and political unrest, the economy continues to soar.  The economic strength bodes well for developers and owners of commercial real estate.

According to the report, “Consumer spending is enhanced with each and every net new job created, which has particular salience in the single tenant net lease market.  Consumer and business confidence also tend to drift higher, inducing further household and enterprise outlays into the economy.”…

Traci BidingerThe Economy Thrives. Single Tenant Net Lease Market Soars.