Tag: Pep Boys

Calkain’s Fernandez Arranges $7.6M Sale of NNN Pep Boys on Short-Term Lease

Herndon, VA  – Rick Fernandez, Calkain’s Senior Managing Director, recently completed the sale of the real estate at 20900 Frederick Road Germantown, MD featuring a 18,576 square foot building with 11 service bays on 2.3 acres 100% NNN leased to Pep Boys.  Calkain represented the seller in the $7.6M, 6.1% cap rate transaction.  The property sold to a private investor completing a 1031 exchange.…

Traci BidingerCalkain’s Fernandez Arranges $7.6M Sale of NNN Pep Boys on Short-Term Lease

Fernandez Brings $7.94M NNN Leased Germantown, MD Pep Boys to Market

Herndon, VA – Rick Fernandez, Calkain’s Senior Managing Director, has been retained to sell the real estate, including improvements, at 20900 Frederick Road in Germantown, Maryland.  The property has been operated and corporate guaranteed by Pep Boys since the early 90’s under a long-term NNN lease with annual rent increases.…

Traci BidingerFernandez Brings $7.94M NNN Leased Germantown, MD Pep Boys to Market