Tag: Jonathan Hipp

Newly Built CVS Sells for $5.25M in Elkridge, MD

Calkain’s Hipp and Bogart Co-Broker the Sale of CVS Net Leased Asset in a 1031 Exchange

Herndon, VA – September 28, 2017 –  Calkain recently brought to market and sold the CVS net leased asset located at 7650 Port Capital Drive in Elkridge, MD.  The newly built CVS opened in August and has a 25 year lease term with five, 5-year options.  Jonathan Hipp, President and CEO of Calkain, represented the seller and achieved a $5.25M sales price with a 4.95% cap rate.

CVS is an investment grade tenant and when combined with the long term lease in a prime …

Traci BidingerNewly Built CVS Sells for $5.25M in Elkridge, MD

Calkain Achieves Lowest 7-Eleven Cap Rate in Northern Virginia

Jonathan Hipp Brokers Sale of Chantilly, VA 7-Eleven for $3.55M

Calkain Companies, a brokerage firm focusing solely on net lease, completed the sale of a 7-Eleven in Chantilly, Virginia for $3.55M.  This C-store asset, located at 43251 John Mosby Highway, is situated in South Riding, one of the nation’s most affluent neighborhoods, located within the richest county in the United States where the average household income is $152,000.  Jonathan Hipp, Calkain’s President and CEO, represented the seller in this transaction.…

Traci BidingerCalkain Achieves Lowest 7-Eleven Cap Rate in Northern Virginia

Lessons Learned From Previous Mergers


The recent announcement that Fred’s would purchase upwards of 600 locations from Walgreens/Rite Aid to help ensure approval of their merger, highlights an issue facing some owners of these properties. What happens if my property is slated to be closed?…

AmyLessons Learned From Previous Mergers

What To Expect In December


With the holiday season in full swing, the country will be waiting to see if the Fed will increase interest rates during their meeting on December 14th. Following Trump’s presidential election victory, we have seen a surge in S&P, Dow Jones, and Nasdaq.  The Dollar has also advanced and we’ve seen a rise in bond yields.  Meanwhile, cap rates have continued to compress this year, with some STNL properties trading at record low cap rates. Clearly, that trend can’t hold on for much longer, a tune we’ve all been singing for a while.

A major indicator for a rate hike …

AmyWhat To Expect In December

Dollar General Is On An Upward Path


There are many forces driving Dollar General to be an investor’s current pick in the net lease world. As of August 13, 2016, Dollar General operates 13,000 stores in 43 states with plans to open 900 more stores this year and 1,000 more in 2017.  In order to support this expansion, the company plans to hire 10,000 employees this fall.

A majority of their locations have absolute-triple-net leases in place. The lease term is generally 15 years with stated option periods of 5 years each with rental increases ranging from 5-10% when an option is exercised. The national average cap …

Traci BidingerDollar General Is On An Upward Path

An Auto Parts Retailer Comparison


Auto parts stores don’t usually make the top of the list when investors are looking for “flashy” retail opportunities. But as far as net-lease investments go, these chains are reliable performers providing consistently favorable returns. Let’s look at the industry’s three largest retailers, AutoZone, Advance Auto Parts, and O’Reilly Auto Parts and see how they stack up.

AutoZone is the largest of the auto parts chain with nearly 5,300 stores in the nation having opened 71 stores this year. Advance Auto Parts has just fewer than 5,100 locations of its namesake units. O’Reilly operates approximately 4,660 units which include 209 …

Traci BidingerAn Auto Parts Retailer Comparison

Drug Store Retailers Remain Steady


CVS and Walgreens are in a constant battle for the biggest share of the market. CVS acquired Omnicare and Target’s pharmacies last year and Walgreens is in the process of acquiring Rite Aid by the end of this year. Both, in total, dominate the Drug Store industry. A recent Cap Rate Report released by Calkain shows quarter-by-quarter average national cap rates.

Q4 2015 cap rates stayed in the high 5% range for both pharmacies. Walgreens showed a stable uptick in cap rate for Q1 2016 with an average of 5.68%. The slight increase is a result of REITs maturing and …

Traci BidingerDrug Store Retailers Remain Steady

Shooting With Chefs!

The fourth annual Shooting With Chefs event raised more than $100k for Make-A-Wish Mid-Atlantic earlier this month at Prospect Hall Shooting Club in West Virginia. It paired food served by Top Chef and DC food celebrity Mike Isabella with a shooting range, all in the name of charity. Here, Calkain Cos’ Jonathan Hipp, Artemis Real Estate’s Brad Berkley, CohnReznick’s Jerry Distefano, Winmar Construction’s Jason Wilt, White Star Investments’ Rueben Bajaj and Papadopoulos Properties’ Nicholas Papadopoulos.

View full article at Bisnow.com.


Traci BidingerShooting With Chefs!