Tag: Murphy

Calkain Completes Sale of McDonald’s/Family Dollar Center in Orange, VA

Herndon, VA – Calkain’s Rich Murphy and Natalia Nunno have recently completed the sale of the Orange Shopping Center in OrangeVA.  The center consisted of a McDonald’s and a Family Dollar store. A local buyer purchased the retail center for $1,020,000.

The property has been occupied by these two tenants for over 30 years which made it a very attractive investment. Calkain’s Nunno said “We had an enormous amount of interest in the property given the price point and its longstanding history.” Murphy continued “Properties like this don’t come on the market very often and when they …

Amanda WillisCalkain Completes Sale of McDonald’s/Family Dollar Center in Orange, VA

Sycolin Corner Strip Center Sells for $6.1 Million

Calkain’s Fallon & Murphy Complete Sale of the “Amazon-Proof” Retail Strip Center in Northern Virginia

Herndon, VA – Calkain’s Executive Managing Director, Andrew Fallon and Managing Director, Richard Murphy have recently completed the sale of the multi-tenant strip center located at 400 – 416 Sycolin Road SE in Leesburg, Virginia.  The busy neighborhood retail center is anchored by a 9,300 SF Kiddie Academy and co-located with a neighborhood Walgreens. A local, high net-worth, repeat buyer purchased the retail center for $6,100,000 at $440.00 PSF.  …

Traci BidingerSycolin Corner Strip Center Sells for $6.1 Million

As Store Counts Rise, Dollar General’s Cap Rates Could Hit New Lows

National Real Estate Investor

Dollar General has been on a winning streak, both as a retailer and as a net lease investment, since the economy began to recover in 2009. A number of factors are driving that winning streak as a retailer, but the company’s appeal as a net lease tenant is based on profitable operations and ambitious plans for expansion. What’s more, Dollar General recently unveiled strategic plans that will likely help it maintain its glitter in the eyes of net lease investors.

Dollar General already has an investment-grade corporate credit rating from rating agencies including Moody’s Investors Service (Baa3) and …

Traci BidingerAs Store Counts Rise, Dollar General’s Cap Rates Could Hit New Lows