Tag: Applebee’s

Calkain’s Fernandez Completes Sale of $15.2M Five Applebee’s Portfolio– Harrisonburg, VA Closes for $3.12M

CItyBizList.com

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 of Applebee’s in Maryland and Virginia.

Fernandez commented, “These assets are true coupon clippers with no landlord responsibilities.” He continued, “The Harrisonburg location has been a strong performer for decades and the buyers were drawn to the rock-solid, high traffic real estate with a proven …

Leigh ClineCalkain’s Fernandez Completes Sale of $15.2M Five Applebee’s Portfolio– Harrisonburg, VA Closes for $3.12M

Calkain’s Fernandez Completes Sale of $15.2M Five Applebee’s Portfolio – Harrisonburg, VA Closes for $3.12M

 

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 of Applebee’s in Maryland and Virginia.…

Amanda WillisCalkain’s Fernandez Completes Sale of $15.2M Five Applebee’s Portfolio – Harrisonburg, VA Closes for $3.12M

Calkain’s Rick Fernandez Arranges $6.35M Sale of Washington DC, Metro Applebee’s

Herndon, VA – March 20, 2019 Rick Fernandez, Senior Managing Director of Calkain Companies, recently brokered the sale, sold individually to private investors, of Applebee’s restaurants in California, Maryland, and Winchester, Virginia.…

Traci BidingerCalkain’s Rick Fernandez Arranges $6.35M Sale of Washington DC, Metro Applebee’s

Calkain’s Fernandez Arranges $5.73M Sale Washington, DC Metro Applebee’s

Fernandez Represented Seller in the Transaction

Herndon, VA – Rick Fernandez, Senior Managing Director of Calkain Companies, recently brokered the sale of two Applebee’s restaurants, one in Frederick, MD and and the other in Warrenton, Virginia.  Sold individually, the properties were purchased by private investors in a 1031 exchange.…

Traci BidingerCalkain’s Fernandez Arranges $5.73M Sale Washington, DC Metro Applebee’s

Applebee’s sales a signal of the health of retail market

Business Observer

In a further sign that the Gulf Coast retail market remains healthy — at least for triple net deals involving credit tenants — a Tampa-based investment firm has sold 14 properties occupied by Applebee’s restaurants for $46 million.…

Traci BidingerApplebee’s sales a signal of the health of retail market

Applebees Real Estate Portfolio Sold for $46 Million

Tampa, FL – David Sobelman and Teal Henderson of Calkain Companies completed a $46 million portfolio sale of Applebee’s-occupied real estate.  The fourteen (14) triple net lease (NNN) assets, located primarily in West and Central Florida, were sold to individual buyers for each location.  Buyer interest came from as far away as South America, China and Europe but the majority of the assets were sold to US-based investors looking for passive income attached to strong real estate locations.  The decision was made by the seller to patiently sell each asset in the open market which yielded Calkain’s client over an …

Traci BidingerApplebees Real Estate Portfolio Sold for $46 Million

Calkain’s Rick Fernandez Sells Virginia Applebee’s at a 5.42% Cap Rate

Herndon, VA – Rick Fernandez, Senior Managing Director of Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of a NNN Applebee’s Ground Lease in Front Royal, Virginia for $1.925M.

Fernandez represented the seller in the sale of the property, providing marketing and transaction support to guide the deal from negotiating offers to closing.  The buyer acquired the property as part of a 1031 exchange.  The ideally situated real estate and strong franchise operation provided the long term value and security the buyer desired for their investment property.

“Our marketing approach continues to yield industry …

Traci BidingerCalkain’s Rick Fernandez Sells Virginia Applebee’s at a 5.42% Cap Rate