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
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 …
Orlando, FL — Two PDQ net leased restaurants in Florida just traded hands. One property is in Sarasota, FL and the other in the Saint Petersburg suburb of Pinellas Park, FL.
We expect to bring a few more PDQ locations to the market as the company expands at both the corporate and franchisee level.”
Calkain Companies director Doug Aronson, along with managing director Patrick Nutt, both out of the firm’s South Florida office represented the seller. Calkain has traded most of its PDQ’s in the mid 5% cap range with prices ranging from $2.15 million to $3.1 million, with the …
Tampa, FL – Calkain Companies, America’s Net Lease Company, recently sold two additional PDQ restaurants in Florida. The properties, located at 5164 S. Tamiami Trail in Sarasota and 4601 Park Blvd in Pinellas Park, a St. Petersburg, FL suburb, closed on May 27, 2016, bringing to five the number of properties occupied by PDQ which Calkain has sold or put under agreement in the past six months.
Doug Aronson, Director, along with Patrick Nutt, Managing Partner, both out of Calkain’s South Florida office represented the Seller.
While PDQ is a growing name in the fast casual industry, their popularity with
Ft. Lauderdale, FL – Coming off historically low cap rates, the net lease sector is experiencing a growing investor appetite and tightening supply. Taking advantage of these market conditions, Calkain’s Patrick Nutt is off to an incredible start in 2016. As a Managing Partner of Calkain based in the firm’s Fort Lauderdale, FL office, Patrick has successfully closed over 35 transactions thus far in 2016 with an overall sales volume exceeding $113 million. His transactions, although primarily in Florida, are spread across the nation and cover most of the net lease sectors, particularly dollar stores, pharmacy, retail, casual dining and …