Publix Super Markets’ Northernmost Store in Fredericksburg, VA Sells for Nearly $15.57 Million
Herndon, VA – Calkain Companies LLC, a boutique STNL brokerage firm, has recently closed on the sale of a net-leased Publix Super Market for $15,568,085. This 49,098 square foot store, located at 9601 Jefferson Davis Highway in Fredericksburg, VA, is the northernmost store for the chain. Having just opened this July, the new Publix is part of Cosner’s Corner, home to a Super Target and Kohl’s. …
Patrick Nutt Brokers Sale of Three Pharmacy Sector Sales So Far This Month
Ft. Lauderdale, FL – Calkain Companies LLC, a boutique STNL brokerage firm, has recently closed on three net leased pharmacy assets. Patrick Nutt, Calkain’s Managing Partner, represented the seller in each of the transactions and achieved cap rates at a significant premium to the national average for pharmacy sector deals in the past 12 months. …
Boca-based Rosemurgy Properties acquires new assets
Rosemurgy Properties recently acquired two new retail assets. One is a 14,750-square-foot CVS Pharmacy located at 4191 West Indiantown Road in Jupiter. The second a 2,150-square-foot Starbucks Coffee at 2209 SW Gatlin Boulevard in Port St. Lucie that opened in Feb. 2018.…
Shopping center owners are having no trouble financing their properties, despite some of the negative commentary swirling around the retail industry, RECon panelists said Monday. “It’s a great time to be a borrower,” noted Michael Phillips, a managing principal at Lubert-Adler Partners.
Jon: Most obvious was that attendance was down significantly, but that made way for better conversations. Everyone was quite positive. All the past chatter about the “Retail Apoclypse” has subsided, not once did I hear any negative chatter. The focus was on doing deals and getting business done. It was a very productive show.
Brokers Nutt and Aronson Represent CMBS Special Servicer in Successful Sale
Ft. Lauderdale, FL – Calkain Companies LLC, led by Managing Partner Patrick Nutt and Managing Director Doug Aronson, recently sold a medical property leased to Primary Care of the Treasure Coast, a full service medical practice in Vero Beach, FL.
The property traded for $6,500,000 and was purchased by a Florida-based 1031 exchange buyer. Calkain represented the seller, an entity affiliated with LNR Partners, LLC, a Miami Beach based real estate investment and management company and a CMBS special servicer.
“Calkain continues to demonstrate an immense proficiency on LNR’s …
Patrick Nutt Closes His 23rd Net Lease Wawa Transaction
Fort Lauderdale, FL – Calkain Companies brokered the $6.13M sale of a Wawa located at 1771 S Congress Avenue in West Palm Beach, Florida. Patrick Nutt, Managing Partner, and Scott Campbell, Associate Director at Calkain, represented the seller in this most recent Wawa transaction. With new construction and 20 year ground leases, the stability of Wawa lends itself to be a solid fixed income investment.
Wawa is a highly sought after investment grade national tenant, ranked #40 in Forbes top private companies with $9B in revenue. Having closed two Wawa …
Fort Lauderdale, FL – Calkain Companies, America’s Net Lease Company, has sold another PDQ restaurant property bringing to five the number of PDQ’s the firm has sold on behalf of the parent corporation and its related entities. The property, outside Jacksonville, Florida, traded for $3,000,000.00.
PDQ is becoming a better known national chicken concept as they now have nearly 60 units operating in eight states,” said Patrick Nutt, Managing Partner at Calkain.
“Investors seem to have an affinity for the quality real estate and high traffic generated at a PDQ location, and with the growing brand comes improving creditworthiness, all …
Ft. Lauderdale, FL – The Calkain team of Patrick Nutt, Sheree Strome and Keelee Peterson represented the seller in the disposition of Miller’s Ale House in Alpharetta, Georgia earlier this week. Selling at $3,250,000 with a 6.61% cap rate, the deal illustrates the strength in the restaurant sector of the net lease marketplace.
Miller’s Ale House is located in an extremely high traffic area in the core of Atlanta’s retail market with over 3,000,000 square feet of surrounding retail. Having recently extended their lease with a new 10 year term, this long-tenured Ale House location was attractive to investors.