Tag: Florida

Calkain Closes its Latest Wave of Wawa Sales

Patrick Nutt Closes His 23rd Net Lease Wawa Transaction

Fort Lauderdale, FL Calkain Companies brokered the $6.13M sale of a Wawa located at 1771 S Congress Avenue in West Palm Beach, Florida.  Patrick Nutt, Managing Partner, and Scott Campbell, Associate Director at Calkain, represented the seller in this most recent Wawa transaction.  With new construction and 20 year ground leases, the stability of Wawa lends itself to be a solid fixed income investment.

Wawa is a highly sought after investment grade national tenant, ranked #40 in Forbes top private companies with $9B in revenue. Having closed two Wawa …

TAGS: FLORIDA, NUTT, WAWA
AmyCalkain Closes its Latest Wave of Wawa Sales

2017 Florida Net Lease Report

Florida garnered the nickname “The Sunshine State” nearly 50 years ago as it grew its tourism industry into one of the leading sectors of the local economy.  Drawn to sunny skies and white sand beaches, visitors from around the country made their way to Florida with friends and family. 

Amy2017 Florida Net Lease Report

Calkain Companies’ Rick Fernandez Sells $2.48M Dunkin’ Donuts/Baskin-Robbins

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 Dunkin’ Donuts and Baskin-Robbins in Oldsmar, Florida for $2.475M at a cap rate of 5.32% on in place income.…

Emily CusmanoCalkain Companies’ Rick Fernandez Sells $2.48M Dunkin’ Donuts/Baskin-Robbins

Calkain Sells Fifth PDQ Restaurant Property

Fort Lauderdale, FL – Calkain Companies, America’s Net Lease Company, has sold another PDQ restaurant property bringing to five the number of PDQ’s the firm has sold on behalf of the parent corporation and its related entities. The property, outside Jacksonville, Florida, traded for $3,000,000.00.

PDQ is becoming a better known national chicken concept as they now have nearly 60 units operating in eight states,” said Patrick Nutt, Managing Partner at Calkain.

“Investors seem to have an affinity for the quality real estate and high traffic generated at a PDQ location, and with the growing brand comes improving creditworthiness, all …

Emily CusmanoCalkain Sells Fifth PDQ Restaurant Property

Calkain Brokers Sale of Two-Tenant Strip Center in St. Petersburg, Florida

Ft. Lauderdale, FL – Calkain Companies has brokered the sale of a two-tenant strip center in St. Petersburg, FL. The property, featuring new 10-year leases with Sleep Number and BayCare Urgent Care, along with a Wells Fargo ATM, traded for $3,900,000 representing a 6.01% cap rate.

“Like a lot of our Florida properties, this center garnered a lot of interest,” said Patrick Nutt, Managing Partner at Calkain. “Considering the location, this was one of the higher yielding assets due to the multi-tenant structure and investors quickly took notice,” added Nutt.

The property was built new in 2016 and offers excellent …

Emily CusmanoCalkain Brokers Sale of Two-Tenant Strip Center in St. Petersburg, Florida

Walmart’s Second Expansion Into Central Florida

GlobeSt.com

Walmart’s plan to open a new distribution center is now moving forward in the city of Cocoa. This will be Walmart’s second distribution center in Central Florida, the first being a 2.2 million square-feet e-commerce facility in Davenport, Florida. The new facility will be situated on a 146 acre with 592,830 square-foot building scheduled to finish construction by end of 2018. This new plan is estimated to generate $96.2 million in new capital for Cocoa and also create 239 jobs while the Davenport facility will be creating 1,000 new jobs. Walmart is also planning to open a Supercenter and Neighborhood …

Traci BidingerWalmart’s Second Expansion Into Central Florida

Florida Family Dollar Sold by Calkain’s Nutt and Campbell

Fort Lauderdale, FL – Patrick Nutt, Managing Partner of Calkain Companies, America’s Net Lease Company®, along with Associate Director Scott Campbell, recently sold a Family Dollar in Melbourne, Florida. The South Florida brokerage team generated multiple offers for the property and were able to sell the asset at 98% of the asking price.  The standalone Family Dollar has a brand new 15 year NNN lease, making it an attractive deal for investors looking for real estate in the income tax free state of Florida.

Nutt commented,

Investors are seeing an inherent value in the dollar store space, specifically with

Emily CusmanoFlorida Family Dollar Sold by Calkain’s Nutt and Campbell

2016 Florida Net Lease Report Presented at ICSC Conference’s Special Industry Group

Tampa, FL – Earlier this week, Calkain attended the ICSC Florida Conference and Deal Making show in Orlando, Florida. For the second year in a row, Calkain facilitated the Special Industry Group (SIG) session on Net Lease Development and Sales.

Having worked with ICSC since the inception of this SIG program, David Sobelman, Executive Vice President and Managing Partner at Calkain, stated

The net lease sector continues to be a focus for investors with growing interest in net lease from all retail real estate practitioners. Net lease is a true industry sector, not just a niche topic for a select

Emily Cusmano2016 Florida Net Lease Report Presented at ICSC Conference’s Special Industry Group