Notable Mentions

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
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.
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
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.
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
Montgomery Village shopping strip sells for $4.6M (7/24/2019) - Montgomery Village Marketplace, a multi-tenant shopping center in Gaithersburg, has been sold for $4.6 million.
GlobeSt-Jon Hipp-Net Lease Connecting Dots Between Tariffs and Retail Space (6/28/2019) - While there can be ties between higher import costs and commercial retail space, the relationship isn’t as clear-cut, or black-and-white, as it might seem.
GlobeSt-Jon Hipp-Net Lease Grocery Delivery in the Digital Age (6/19/2019) - How will competing grocery chains utilize delivery options to maximize profitability? In 2019, the simple act of going to the grocery store has evolved from the experience that it was just a few years ago. In this digital age, we see companies starting to incorporate more technology into how the stores are run, while creating
Calkain Brokers Sale of Pottery Barn Warehouse in Fredericksburg, VA (6/4/2019) - Last week, Calkain‘s Andrew Fallon, Richard Murphy and Jon Hipp completed the sale of 1731 Carl D. Silver Parkway in Fredericksburg, VA. The $2,825,000 fee simple real estate transaction was based on a landlord friendly net lease structure. The 33,179 square foot building sits on 2.82 acres located in the 2.5 million square foot Central Park Shopping Center along
Mike VangsnessNotable Mentions