Tag: Hipp

Net Lease Investors Take a Hard Look at CRE Fundamentals

GlobeSt.com

Calkain’s Q2 Net Lease Overview shows investors taking a hard look at real estate fundamentals, even as property sales continue their increase from the first quarter of 2019.

In analyzing report metrics in our Q2 2019 Net Lease Overview, we noted a focus on fundamentals, a bump in sales activities, and third, a three-sector impact. Let’s explain the third point first.

Q2 numbers were influenced mainly by the automotive, big box, and dollar store sectors; all three types experienced a jump in sales, though their cap rates differed.…

Amanda WillisNet Lease Investors Take a Hard Look at CRE Fundamentals

Why the Window of Opportunity Is Open for Borrowers

Commercial Property Executive

Now is the time for investors to maximize the spread between debt financing and returns, says Calkain Cos.’ Jonathan Hipp.

We all expect investment activity to pick up after the summer months, but are we seeing a bigger uptick than normal?  We think so. …

Leigh ClineWhy the Window of Opportunity Is Open for Borrowers

Outside the Region: Hipp of Calkain Cos. and Wenig of AvisonYoung broker $4.1 million sale

nyrej.com

Elkridge, MD Jonathan Hipp, president and CEO at Calkain Cos. completed the sale of the newly built Royal Farms convenience store at 7136 Montevideo Rd. Hipp represented a local developer in the disposition of this 20-year NNN ground lease in a $4.1 million sale.

Avison Young’s Net Lease Investment Sales Group led by Asher Wenig represented the buyer.

“We executed a favorable deal for our client, achieving a 5.12% cap rate. The new 20-year lease structure with multiple renewal options demonstrated the tenant’s commitment to the site.  With the corporate-backed guarantee on the lease it was an attractive investment – …

Amanda WillisOutside the Region: Hipp of Calkain Cos. and Wenig of AvisonYoung broker $4.1 million sale

What an Uncertain Market Outlook Means to Net Lease

GlobeSt.com

Would further interest-rate cuts lower the cap-rate spread throughout the remainder of the year? That depends on when the cuts occur, and how much they change.

Let’s start off by stating the obvious. No one knows what the end of the year will look like in terms of any of the drivers of market dynamics, and by that I mean the 10-Year Treasury, interest rates or cap rates.…

Amanda WillisWhat an Uncertain Market Outlook Means to Net Lease

Calkain Arranges $15 Million Sale of Triple-Net-Leased CVS in D.C.

Shopping Center Business

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 Hipp and Rick Fernandez of Calkain represented the seller, an undisclosed family trust, in the transaction. The buyer was a private investor completing a 1031 tax-deferred exchange.

View the article here

Amanda WillisCalkain Arranges $15 Million Sale of Triple-Net-Leased CVS in D.C.

Calkain’s Hipp Completes $4.1M Sale of Single Tenant Net Leased Royal Farms in Elkridge, Maryland

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 a $4,100,000 sale.…

Traci BidingerCalkain’s Hipp Completes $4.1M Sale of Single Tenant Net Leased Royal Farms in Elkridge, Maryland

Calkain’s Hipp & Fernandez Arrange $15M Sale of Washington DC Connecticut Avenue NNN CVS

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 Trust, in the $15M, 5.8% cap rate transaction.…

Traci BidingerCalkain’s Hipp & Fernandez Arrange $15M Sale of Washington DC Connecticut Avenue NNN CVS

Calkain’s Jonathan Hipp and Natalia Nunno Complete the Sale of a Single Tenant Net Leased Chick-fil-A in Virginia Beach, VA

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 to a local 1031 buyer.…

Leigh ClineCalkain’s Jonathan Hipp and Natalia Nunno Complete the Sale of a Single Tenant Net Leased Chick-fil-A in Virginia Beach, VA

Delving into the Discount Dollar Retail Sector

GlobeSt.com

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 yellow-and-black General Dollar signage, they offer aisles of everyday goods, ranging from beauty products, to cleaning essentials, to food, all within a 10,000-square-foot space.

To net lease investors, discount dollar stores offer passive cash flow, thanks to long-term leases (averaging 10-15 years) and credit-worthy tenants. …

Amanda WillisDelving into the Discount Dollar Retail Sector