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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 afallon@calkain.com 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 www.calkain.com.

Traci BidingerFallon Sells 7-Eleven in Hyattsville, MD

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