Tag: Shopping Center Business

Calkain Arranges $15 Million Sale of Triple-Net-Leased CVS in D.C.

Shopping Center Business

Washington, D.C. — Calkain Cos. has arranged the $15 million sale of a triple-net-leased CVS property in Washington, D.C. The 8,754-square-foot building is located at 3323, 3325-3329 Connecticut Ave. NW, three miles north of downtown Washington, D.C. The building first served as a pharmacy in the 1950s before being converted to a CVS in 1990. Jonathan Hipp and Rick Fernandez of Calkain represented the seller, an undisclosed family trust, in the transaction. The buyer was a private investor completing a 1031 tax-deferred exchange.

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Amanda WillisCalkain Arranges $15 Million Sale of Triple-Net-Leased CVS in D.C.

Net Lease Properties Maintain Pace

Shopping Center Business

The market for single tenant net lease properties in 2017 operated in an environment of ambivalence. At issue were the political uncertainty following the election of a new U.S. president along with uncertainty regarding how proposed changes to the nation’s tax code would treat investors used to the benefits of a 1031 exchange. Rising interest rates over the past 18 months factored into net lease transactions, compressing yields on properties. All of these elements come into play at a time when retail itself is going through changes, forcing investors to look more closely at not only the real estate and

Amanda WillisNet Lease Properties Maintain Pace

Net Lease Stays Steady

Shopping Center Business

Commercial real estate investors navigating today’s market are confronting a number of economic and policy variables that did not exist a mere six months ago. Tax reform and recent recent job gains have buoyed optimism about growth. But higher interest rates, a volatile stock market teetering near all-time highs, and possible tariff policies that could spark a trade war are generating anxiety.…

Amanda WillisNet Lease Stays Steady

Net Lease Properties Maintain Pace

Shopping Center Business

With political and financial uncertainties looming, single tenant net lease retail properties had a strong year in 2017.

Shopping Center Business talks to experts in the industry including Calkain CEO & President, Jonathan Hipp and Executive Managing Director, Andrew Fallon.…

Traci BidingerNet Lease Properties Maintain Pace

Net Lease Investment Sales Activity Maintains Brisk Pace

Shopping Center Business

1031 Exchange buyers and private investors looking for yield drive demand, but stabilizing cap rates suggest this cycle is nearing the top.

Hunger for yield and still-low interest rates — the dynamics that have fueled a robust net lease investment market for retail properties over the past few years — remain in place so far in 2016, but emerging signs suggest that prices are nearing their peak as recession worries continue to mount.

Institutional, high net-worth and foreign investors make up a good chunk of net lease buyers, who are plowing money into Family Dollar stores, Walgreens properties, quick-service restaurants, …

Traci BidingerNet Lease Investment Sales Activity Maintains Brisk Pace