Tag: Net Lease

Tenant Profile – Popeyes

Tenant Description

Ever since Popeyes opened its doors in Arabi, Louisiana in 1972 as “Chicken on the Run,” Popeyes has developed into a major player in the quick service industry. Known for their spicy chicken, Popeyes currently operates over 2,700 restaurants in the US and around the world. Popeyes is a subsidiary of Restaurant Brands International.…

Amanda WillisTenant Profile – Popeyes

Calkain Brokers Sale of Pottery Barn Warehouse in Fredericksburg, VA

CItyBizList.com

Last week, Calkain‘s Andrew Fallon, Richard Murphy and Jon Hipp completed the sale of 1731 Carl D. Silver Parkway in Fredericksburg, VA. The $2,825,000 fee simple real estate transaction was based on a landlord friendly net lease structure.

The 33,179 square foot building sits on 2.82 acres located in the 2.5 million square foot Central Park Shopping Center along the I-95 corridor about 50 miles south of Washington, DC. Ample traffic, a recently executed 5-year lease with a guarantee from Williams-Sonoma Stores, Inc., a publicly traded company with over $5 billion in sales, made this an attractive asset for net …

Amanda WillisCalkain Brokers Sale of Pottery Barn Warehouse in Fredericksburg, VA

Mergers Re-Align Convenience-Store Rankings

M&As dominate the headlines for the convenience-store (C-Store) sector. For instance, 7-Eleven, offering everything from Big Gulps to gas (that is not a comment on their food offerings) now tops the list of stores by number since it bought some 1,000 units from Sunoco last year. With a AA-minus credit rating, 7-Eleven now operates 9200 shops.

Speedway comes in at #3, with 3900 stores, more than 1000 of which were picked up from Andeavor, and it boasts a BBB credit rating. (Interestingly, the transaction knocked Andeavor off the list entirely. It was #7 last year.) EG Group secured this year’s …

Amanda WillisMergers Re-Align Convenience-Store Rankings

Net Lease Report – C-Store Sector

We surveyed the Convenience Store (C-Store) sector and looked at high profile national tenants such as 7-Eleven, Wawa and Sheetz. We also considered some of the smaller regional chains like Cumberland Farms as well. In addition to these gas/market concepts there are also more traditional gas station convenience stores, such as Chevron or Valero. Even as the automotive sector slowly begins to transition to electric from gas we still see C-Stores as holding their value. We feel that they are well positioned for the sort of immediate need type of items that are for all intents and purposes are not …

Amanda WillisNet Lease Report – C-Store Sector

Outside the Region: Nutt and Barton of Calkain broker sale of Largo, FL shopping center: $2.615 million

nyrej.com

Largo, FL Calkain’s Patrick Nutt and Connor Barton closed the $2.615 million sale of a net-leased multi-tenant strip center at 1001 West Bay Dr.

“This particular asset garnered a lot of interest from local buyers. As an outparcel to a Publix-anchored center, the asset provided the buyer with security moving forward and ease of management with NN leases,” said Barton, a investment sales associate at Calkain. Nutt said, “The buyer received financing at 50% LTV, providing him with positive leverage and the ability to achieve a higher yield.”

This asset was constructed in 2006 and has four national tenants …

Amanda WillisOutside the Region: Nutt and Barton of Calkain broker sale of Largo, FL shopping center: $2.615 million

Tenant Profile – McDonald’s

McDonald’s was founded in 1940 in San Bernardino, CA by brothers Dick and Mac McDonald as a Bar-B-Q restaurant. In 1948, the McDonald brothers remodeled and reopened the restaurant as a “self-service drive-in restaurant” with nine items on the menu: hamburgers, cheeseburgers, soft drinks, milk, coffee, potato chips, and a slice of pie. …

Amanda WillisTenant Profile – McDonald’s

Big Tech Looking for Retail Spaces

GlobeSt.com

Opening brick and mortar locations could be the beginning of a larger trend being led by Amazon and Google.

Amanda WillisBig Tech Looking for Retail Spaces

Net Lease Properties and Opportunity Zones: Mutually Exclusive

GlobeSt.com

While net lease properties offer many benefits to investors, the very nature of these assets make them difficult, at present, to qualify for the tax deferral through the Opportunity Zone program.

At this point, just about everyone involved in real estate investments has heard about the Opportunity Zone Program. Tucked away in the Tax Cuts and Jobs Act of 2017, this program encourages investors to invest capital gains from the sale of assets into Qualified Opportunity Funds (QOF). Those funds, in turn, funnel money into government-designated Opportunity Zones. Though still in its infancy, the program is being hailed as a …

Traci BidingerNet Lease Properties and Opportunity Zones: Mutually Exclusive