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Press Release

Fallon Sells 7-Eleven in Hyattsville, MD

Herndon, VA – Calkain’s Executive Managing Director, Andrew Fallon, has recently completed another sale of a 7-Eleven property, this one located at 900 Chillum Road, Hyattsville, MD 20782.  The 1,710 square foot building is 100% leased to 7-Eleven and sold for over $1.7M. The newly renovated convenience store is situated on the hard signalized corner of Riggs Road and Chillum Road, just across the DC border.  7-Eleven opened for business in June of 2016 and the purchaser wanted to start enjoying the cash flow benefits of the full 15 year ground lease.

The purchaser is a local partnership, executing a 1031 exchange.  Andrew Fallon commented,

The purchaser was attracted to the property’s location in the Washington, DC market as well as the strong credit and lease structure provided by a corporate 7-Eleven ground lease investment.”

Fallon has recently sold other Washington, DC area 7-Eleven properties, including locations in Capitol Heights, MD and on 14th Street, NW. Please contact Andrew Fallon directly at for more information about these transactions or to discuss the current market and valuations of net lease properties.

Calkain Companies 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, debt placement, equity placement, 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

Traci BidingerFallon Sells 7-Eleven in Hyattsville, MD

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