In the News

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
NNN Ground Lease Investment For Sale Calkain’s Hipp Completes $4.1M Sale of Single Tenant Net Leased Royal Farms in Elkridge, Maryland (9/4/2019) - 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
Bisnow, Retail, CRE, News Cleveland Park CVS Property Sells Below Asking Price For $15M (9/4/2019) - A retail property in Northwest D.C. sold below its asking price, showing potential investor concerns about the economy.
Urban NNN Investments - CVS Pharmacy 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
commercial property executive, news, media, net lease 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.
Calkain’s Fernandez Completes Sale of $15.2M Five Applebee’s Portfolio– Harrisonburg, VA Closes for $3.12M (7/30/2019) - 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
Applebee's, Restaurant, 1031 Exchange, Seller Representation Calkain’s Fernandez Completes Sale of $15.2M Five Applebee’s Portfolio – Harrisonburg, VA Closes for $3.12M (7/30/2019) -   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
commercial property executive, news, media, net lease 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.
Virginia Beach, VA Chick-fil-a Sold Calkain’s Jonathan Hipp and Natalia Nunno Complete the Sale of a Single Tenant Net Leased Chick-fil-A in Virginia Beach, VA (7/25/2019) - 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
GlobeSt-Jon Hipp-Net Lease 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
Mike VangsnessNews & Media