Tag: Ground Lease

Brand New Net-Leased Cumberland Farms Sells for $4.9M

Calkain’s Patrick Nutt & Connor Barton Broker C-Store Sale in Ft. Lauderdale (Coral Springs), FL

Ft. Lauderdale, FL Calkain’s Patrick Nutt and Connor Barton, closed this week on a net-leased Cumberland Farms asset, located at 8900 Wiles Road in Ft. Lauderdale (Coral Springs), Florida.  The asset, which sold for $4.9 million, was a newly constructed project with a 20-year absolute NNN ground lease. …

Traci BidingerBrand New Net-Leased Cumberland Farms Sells for $4.9M

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