Rick Fernandez, Senior Managing Director of Calkain Companies, recently brokered the sale, to private investors on a 1031 exchange, of the real estate at 1860 East Market Street In Harrisonburg, Virginia under a long term lease to Potomac Family Dining operating an Applebee’s restaurant at this location. This sale completes a five unit portfolio sale of Applebee’s in Maryland and Virginia.
Fernandez commented, “These assets are true coupon clippers with no landlord responsibilities.” He continued, “The Harrisonburg location has been a strong performer for decades and the buyers were drawn to the rock-solid, high traffic real estate with a proven …
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