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.
Ft. Lauderdale, FL – Calkain Companies has brokered the sale of a two-tenant strip center in St. Petersburg, FL. The property, featuring new 10-year leases with Sleep Number and BayCare Urgent Care, along with a Wells Fargo ATM, traded for $3,900,000 representing a 6.01% cap rate.
“Like a lot of our Florida properties, this center garnered a lot of interest,” said Patrick Nutt, Managing Partner at Calkain. “Considering the location, this was one of the higher yielding assets due to the multi-tenant structure and investors quickly took notice,” added Nutt.
The property was built new in 2016 and offers excellent …
Atlanta, GA – Calkain Companies’ team of Patrick Nutt, Managing Partner, Sheree Strome and Keelee Peterson, both Associate Directors, have recently sold a property in Sumter, South Carolina occupied by Walgreens (NYSE:WBA) pharmacy. Walgreens occupies this location under a long-term 15 year lease on an absolute NNN basis. The property is located on Pinewood Road near the intersection of McCrays Mill Road.
Calkain’s marketing efforts generated multiple offers to purchase this net leased asset, ultimately executing the deal for $5,078,063 to a private buyer facilitating a tax-deferred 1031 exchange.
The stability of having an investment grade tenant, coupled with a
Calkain’s Managing Partner, Patrick Nutt and Executive Managing Director, Andrew Fallon have recently completed the sale of the Dunkin’ Donuts property located at 2266 Ocoee Apopka Rd, Ocoee, FL 34761. The 2,126 square foot building is 100% leased to Dunkin’ Donuts and sold for full asking price at $1,375,000. The newly constructed building is situated on the corner of Ocoee Crown Point Pkwy and Ocoee Apopka Rd.
According to Nutt, “The supply versus demand issues have been affecting net lease in various ways over the past 6-12 months, with some asset classes observing a slight expansion in cap rates due …
Fort Lauderdale, FL – Patrick Nutt, Managing Partner of Calkain Companies, America’s Net Lease Company®, along with Associate Director Scott Campbell, recently sold a Family Dollar in Melbourne, Florida. The South Florida brokerage team generated multiple offers for the property and were able to sell the asset at 98% of the asking price. The standalone Family Dollar has a brand new 15 year NNN lease, making it an attractive deal for investors looking for real estate in the income tax free state of Florida.
Investors are seeing an inherent value in the dollar store space, specifically with
Tampa, FL – Earlier this week, Calkain attended the ICSC Florida Conference and Deal Making show in Orlando, Florida. For the second year in a row, Calkain facilitated the Special Industry Group (SIG) session on Net Lease Development and Sales.
Having worked with ICSC since the inception of this SIG program, David Sobelman, Executive Vice President and Managing Partner at Calkain, stated
The net lease sector continues to be a focus for investors with growing interest in net lease from all retail real estate practitioners. Net lease is a true industry sector, not just a niche topic for a select
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.
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
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