Tag: retail

The Unequality of Net Leased Properties

GlobeSt.com

Net lease properties are commercial real estate assets in which the tenant pays rent, as well as a portion, if not all of the taxes, along with insurance fees and maintenance costs involved with a property. This is the overall, accepted “umbrella” definition.…

Carolyn SchmidThe Unequality of Net Leased Properties

A Source No Longer

GlobeSt.com

Retail will be a forever changing game, and in order to survive a brand needs to keep up on emerging trends, as it’s a well-known story for those retailers who do not.…

Carolyn SchmidA Source No Longer

Sears Closings Create Potential Opportunity

GlobeSt.com

We’ve all heard the old maxim about one door closing and another opening. In this case, the doors that are closing belong to Sears, with many of them opening again as fitness centers.

It’s an odd dynamic when you think of it, one that truly reflects the changing nature of our retail wants and needs. There was a time when mall operators snubbed their noses at gyms.  All those sweaty people in odd outfits rubbing elbows with targeted shoppers.

Then something happened, consumer shopping patterns shifted. We began to see major headlines in most of the press that the American …

Amanda WillisSears Closings Create Potential Opportunity

Investment Returns for Net Leases End Year on Flat Note

CoStar News

But Fast Food and Pharmacies Remain Good Bets

Owning a building housing a fast food restaurant or a pharmacy got a little pricier last year. But all in all, average yields on “net lease” properties remained relatively flat in 2018.…

Amanda WillisInvestment Returns for Net Leases End Year on Flat Note

What Can Opportunity Zones Offer NNN Investors?

Commercial Property Executive

Even if the final regulations do not include net leased assets, the expected increase in retail stores in these districts is promising.

For answers to that question, we’ll just have to wait a while. If the current partial shutdown of the US government doesn’t hang things up too much, the Treasury Department is expected to come out next month with regulations that are said to answer that question and many more. In the meantime, net lease investors will just have to bide their time.…

Amanda WillisWhat Can Opportunity Zones Offer NNN Investors?

How Have Apps Changed Retail?

GlobeSt.com

Net lease investors should care if a potential tenant has put in the time and effort to develop an app.

Has the rise of smartphones changed how people shop? Yes, consumers have done more and more shopping via smartphone. Today, we see more and more companies creating apps to reach their smartphone carrying customers, and more and more people using these apps.…

Amanda WillisHow Have Apps Changed Retail?

Smaller Formats, Huge Investment Potential

GlobeSt.com

We are entering “the incredible shrinking store format” period. Thanks to the increasing popularity of e-commerce and changing tastes of shoppers, retailers are shuttering low-performing outlets and reducing real estate footprints.

Target is expanding in densely populated areas with smaller-format stores, typically 12,000 – 40,000 square feet. These smaller-format stores are a far cry from the retail company’s suburban, full-size, 130,000 square-foot, centers.  Target is not alone in the size reduction, Walmart, Kohl’s, and Nordstrom are also experimenting with smaller

Amanda WillisSmaller Formats, Huge Investment Potential

Rick Fernandez of Calkain Companies Sells $2.65M Children of America Daycare

Herndon, VA – Rick Fernandez, Senior Managing Director of Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of a triple net lease Children of America daycare center in Bealeton, Virginia.…

Traci BidingerRick Fernandez of Calkain Companies Sells $2.65M Children of America Daycare

Rick Fernandez of Calkain Companies Sells $2.3M Franchise Dairy Queen for 6.00% 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 Dairy Queen in Franklin, Virginia.

Our marketing approach continues to yield industry leading cap rates,” said Fernandez.

“Calkain’s national reputation as the leading provider of net lease investments draws investors from around the globe and we were able to secure multiple offers providing our client with the most favorable closing options,” Fernandez continued.

Fernandez represented the seller in the sale of the property, providing marketing and transaction support to guide the deal from negotiating …

Traci BidingerRick Fernandez of Calkain Companies Sells $2.3M Franchise Dairy Queen for 6.00% Cap Rate

Calkain Brokers Sale of Two-Tenant Strip Center in St. Petersburg, Florida

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 …

Traci BidingerCalkain Brokers Sale of Two-Tenant Strip Center in St. Petersburg, Florida