Tag: Starbucks

Calkain’s Murphy & Fletcher Complete $5.3M 1031 Exchange for Client

Calkain’s Rich Murphy and Scott Fletcher recently completed an assignment in which they assisted a client in completing a $5.3M 1031 tax deferred exchange.

Calkain successfully secured two replacement properties for a client that recently sold a hotel and was looking for more passive investments. One property, a $2.8M DaVita Dialysis clinic in Florence, SC, and the other a $2.5M Starbucks in Watertown, CT, were each closed within weeks of each other. Calkain not only assisted in finding and underwriting the properties, but also in arranging and managing the due diligence and transition process post sale.…

Amanda WillisCalkain’s Murphy & Fletcher Complete $5.3M 1031 Exchange for Client

Calkain’s Murphy & Fletcher Complete $5.3M 1031 Exchange for Client

Herndon, VA – Calkain’s Rich Murphy and Scott Fletcher recently completed an assignment in which they assisted a client in completing a $5.3M 1031 tax deferred exchange.

Calkain successfully secured two replacement properties for a client that recently sold a hotel and was looking for more passive investments. One property, a $2.8M DaVita Dialysis clinic in Florence, SC, and the other a $2.5M Starbucks in Watertown, CT, were each closed within weeks of each other. Calkain not only assisted in finding and underwriting the properties, but also in arranging and managing the due diligence and transition process post sale.…

Amanda WillisCalkain’s Murphy & Fletcher Complete $5.3M 1031 Exchange for Client

Calkain’s Patrick Nutt & Connor Barton Broker Sale of the Net-Leased Starbucks/Aspen Dental Strip Center

Ft. Lauderdale, FL  – Calkain’s Patrick Nutt and Connor Barton, closed this week on a net-leased multi-tenant building fully leased to Starbucks Coffee and Aspen Dental.  The property, located at 1590 N Broadway Avenue in Bartow, Florida, sold for $3,850,000.  Calkain, in conjunction with the owner, streamlined the due diligence process and enabled the international buyer to close more than two weeks ahead of schedule.…

Traci BidingerCalkain’s Patrick Nutt & Connor Barton Broker Sale of the Net-Leased Starbucks/Aspen Dental Strip Center

Tenant Profile – Starbucks

Starbucks began as a single store in Seattle’s Pike Place Market in 1971. Today, Starbucks is one of the largest chains of coffee shops in the world, operating in 75 countries. In addition to coffee, Starbucks also offers tea and fresh food. Starbucks offers goods and services under a variety of brands such as Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange, and Ethos.

Traci BidingerTenant Profile – Starbucks

How Starbucks Keeps A Competitive Edge

GlobeSt.com

Starbucks is one of the world’s most recognizable brands and has continued to stay ahead of its competitors. Recently, the company announced a major expansion strategy which will grow number of Starbucks locations by over 50%. In the net lease world, their cap rates have not only compressed over the past few years but are trading lower than the national average STNL cap rates.…

Traci BidingerHow Starbucks Keeps A Competitive Edge

Calkain’s Advisory Services Leads to Successful Starbucks Lease Negotiations

University of South Florida Location Retrofitted For Starbucks

Tampa, FL – Calkain Companies, America’s Net Lease Company®, was hired by the landlord of 13210 Bruce B Downs in Tampa, FL to provide strategic advice in how to reuse the former medical office building across from USF.

David Sobelman, Calkain’s Executive Vice President…

Mike VangsnessCalkain’s Advisory Services Leads to Successful Starbucks Lease Negotiations

Tenant Profile – Starbucks

Founded in 1971, Starbucks is a global brand in the quick service retail sector, specializing in the sale of high-margin specialty coffee. The company operates 22,519 stores around the world, often the ubiquitous meeting lounge for socializing amongst friends or office for entrepreneurs.  For the fiscal year ending 2014, Starbucks generated revenue of $16.44 billion and net income of $2.07 billion, with an extremely impressive gross margin of 58.54% and pre-tax operating margin of 18.7%. As of September 2015, its stock had appreciated 48% on a year-over-year basis.

JD VangsnessTenant Profile – Starbucks