Tag: NNN Retail

Calkain’s Fernandez Sells $4.15M Wells Fargo Bank

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 Wells Fargo Bank ground lease in Front Royal, Virginia.

Fernandez represented the seller, providing site review, lease analysis, marketing, offer and contract negotiations along with transaction support to guide the deal to closing.  The buyer viewed the signalized corner location on Front Royal’s prime retail corridor and credit strength of the tenant as the critical factors in acquiring the property.

Calkain’s national reputation in net lease and global marketing efforts draws investors from around

Traci BidingerCalkain’s Fernandez Sells $4.15M Wells Fargo Bank

Calkain’s Expertise Called Upon for Upcoming Net Lease Events

Tampa, FL – Continuing with their national presence, Calkain Companies will be moderating panels in the next couple of months at various real estate events. David Sobelman, Executive Vice President and Managing Partner, along with Patrick Nutt, Managing Partner, will be moderating a Net Lease Special Industry Group at the Florida ICSC show in Orlando on August 22. Although they will be the only two speakers on the panel, the entire Florida Calkain team will be attending the event.

On August 30,  Sobelman will be making his way to San Diego, CA to chair the Triple Net Lease Program at …

Traci BidingerCalkain’s Expertise Called Upon for Upcoming Net Lease Events

Calkain’s Nutt & Fallon Sell 7-Eleven in Miami, FL at $1,330/PSF

Fort Lauderdale, FL – Calkain’s Managing Partner, Patrick Nutt and Executive Managing Director, Andrew Fallon have recently completed the sale of a 7-Eleven property located at 12720 SW 200th Street in Miami, FL.  The 3,062 square foot building is 100% leased to 7-Eleven and sold for $1,330/PSF. The newly constructed building is situated across the intersection from Publix, Walgreens and Bank of America shopping center. The 7-Eleven established operations in December 2015 under a 15 year net lease.

We continue to see investors looking for passive net lease investments occupied by best-in-class national retailers like 7-Eleven, with an insatiable

Traci BidingerCalkain’s Nutt & Fallon Sell 7-Eleven in Miami, FL at $1,330/PSF

Calkain Companies Sells South Florida CVS for 4.67% Cap Rate

Fort Lauderdale, FL – Calkain’s South Florida office recently brokered the sale of a NNN CVS Ground Lease in Plantation (Fort Lauderdale), FL. Patrick Nutt, Managing Partner, Doug Aronson, Director, and Scott Campbell, Associate Director, represented the seller.

The team generated multiple offers, ultimately selling the property to a 1031 all cash buyer based in New York. The transaction closed at a 4.67% cap rate, representing the desirability of South Florida triple net investments.

Calkain’s national reputation as the leading provider of net lease investments, coupled with the Florida location and strong lease terms of this particular property, offered the

Traci BidingerCalkain Companies Sells South Florida CVS for 4.67% Cap Rate

Calkain Companies Sells $3.8M BB&T Bank for 4.84% 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 BB&T Bank Ground Lease in Front Royal, Virginia.

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 viewed the ideally situated real estate and credit strength of the tenant as the critical factors in acquiring the property.

Calkain’s national reputation as the leading provider of net lease investments draws investors from around the globe. We were able

Traci BidingerCalkain Companies Sells $3.8M BB&T Bank for 4.84% Cap Rate

Fallon and Fernandez Sell 7-Eleven Anchored Retail Condos at The Solea in Washington, DC for 5.42% Cap Rate

Herndon, VA – The Calkain Urban Investment Advisors team of Andrew Fallon and Rick Fernandez have recently completed the sale of the 7-Eleven anchored retail condos located at 2300 14th Street NW in Washington, DC for $4,395,000, a 5.42% cap rate. The 4,728 square foot retail property at The Solea Condominiums is 100% NNN leased to 7-Eleven, Logan Title and Knot Standard.

The buyers, an investment group from China, paid cash for the asset and closed within a 45 day escrow.

Calkain’s marketing platform reaches investors from across the globe and foreign investors are becoming more and more prevalent in

Traci BidingerFallon and Fernandez Sell 7-Eleven Anchored Retail Condos at The Solea in Washington, DC for 5.42% Cap Rate

Calkain’s Patrick Nutt Sells Florida Walgreens

Ft. Lauderdale, FL – Calkain Companies, America’s Net Lease Company®, has sold another Walgreens – this one a 14,447 SF building located at 7415 North Highway 1 in Cocoa, FL 32927, less than an hour outside of Orlando. The tenant occupies the property under a long term NNN lease, which at the time of the sale has roughly 18 years remaining.  Patrick Nutt, Managing Partner with Calkain, represented the Institutional seller in the transaction to a New York based buyer effectuating a 1031 like-kind exchange.

The marketing campaign conducted by Calkain resulted in multiple offers for the property, with each …

Traci BidingerCalkain’s Patrick Nutt Sells Florida Walgreens

Fallon & Fernandez Represent Top Washington, DC Developer in Exclusive Search for 1031 Exchange Replacement Property

Herndon, VA – Andrew Fallon, Executive Managing Director, and Rick Fernandez, Senior Managing Director of Calkain Companies, just completed an assignment under an exclusive buyer representation contract to one of Washington, DC’s top real estate developers.  Fallon and Fernandez were chosen by the developer to lead a search on their behalf to identify suitable 1031 exchange replacement properties.

We conducted a nationwide search for a replacement property that included location assessment, tenant performance, risk analysis and lease review to find highly stable long-term NNN investment properties to meet the buyer’s stringent requirements,” Fallon commented.

The search involved a review of …

Traci BidingerFallon & Fernandez Represent Top Washington, DC Developer in Exclusive Search for 1031 Exchange Replacement Property

Calkain Companies Sells $3.6M Richmond Virginia Car Wash for 6.10% Cap Rate

Herndon, VA – Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of a NNN Retail Property in the thriving Short Pump area of Richmond Virginia.

Calkain’s Rick Fernandez, Senior Managing Director represented the seller in the sale of the property, providing marketing, transaction support and…

Mike VangsnessCalkain Companies Sells $3.6M Richmond Virginia Car Wash for 6.10% Cap Rate