Calkain Arranges $15 Million Sale of Triple-Net-Leased CVS in D.C.(9/5/2019)-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
Calkain’s Hipp & Fernandez Arrange $15M Sale of Washington DC Connecticut Avenue NNN CVS(9/3/2019)-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
Gauging the Impact of 200 Store Closures(8/8/2019)-Walgreens announced it would shutter hundreds of drugstores across the U.S. to curb costs. Experts on the net lease market weighed in on what the pharmacy giant’s move could mean for landlords.
Net Lease Investors Hungry for Casual Dining(7/26/2019)-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.
Delving into the Discount Dollar Retail Sector(7/25/2019)-To net lease investors, discount dollar stores offer passive cash flow, thanks to long-term leases (averaging 10-15 years) and credit-worthy tenants. Travel through a small town or the outskirts of a larger city, and you’ll likely pass by the local discount dollar stores. Whether those stores boast the green sign of Dollar Tree, or the