Tag: triple-net

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.…

Emily CusmanoRick Fernandez of Calkain Companies Sells $2.65M Children of America Daycare

David Sobelman Facilitates Gas/Convenience Store Portfolio Sale

Tampa, FL – David Sobelman, Executive Vice President and Managing Partner of Calkain Companies, has procured the sale of a portfolio of gas and convenience stores in Phoenix, AZ.  Sobelman, never having turned down a challenging assignment, was able to evaluate, market and ultimately sell the portfolio that is occupied by local sole proprietors and guaranteed by a distributor of the Valero-branded stores.

Sobelman commented,

All parties were very happy with the outcome of this transaction as it provided partial liquidity for my client and also became an accretive addition to the buyer’s, an undisclosed private real estate investment trust

Emily CusmanoDavid Sobelman Facilitates Gas/Convenience Store Portfolio Sale

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 …

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

Calkain’s Fernandez Sells North Carolina Arby’s Portfolio for $3.45M

Herndon, VA – Rick Fernandez, Senior Managing Director of Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of two North Carolina NNN Arby’s – one in Rocky Mount and the other in Roanoke Rapids. The two properties sold this week for a combined purchase price of $3,450,000.

Fernandez represented the seller providing marketing, lease analysis, site review, and transaction support for offer and contract negotiations to guide the deal to closing. The buyer viewed the solid real estate and sales history at the stores, along with Arby’s strong corporate growth as the critical factors …

Emily CusmanoCalkain’s Fernandez Sells North Carolina Arby’s Portfolio for $3.45M

Florida Family Dollar Sold by Calkain’s Nutt and Campbell

Fort Lauderdale, FL – Patrick Nutt, Managing Partner of Calkain Companies, America’s Net Lease Company®, along with Associate Director Scott Campbell, recently sold a Family Dollar in Melbourne, Florida. The South Florida brokerage team generated multiple offers for the property and were able to sell the asset at 98% of the asking price.  The standalone Family Dollar has a brand new 15 year NNN lease, making it an attractive deal for investors looking for real estate in the income tax free state of Florida.

Nutt commented,

Investors are seeing an inherent value in the dollar store space, specifically with

Emily CusmanoFlorida Family Dollar Sold by Calkain’s Nutt and Campbell

Calkain’s Fallon Sells Dollar General Portfolio

Herndon, VA – Calkain’s Executive Managing Director, Andrew Fallon, has recently completed the sale of a Dollar General portfolio located in Nebraska.  The three property portfolio comprises approximately 27,128+/- square feet, or 9,042 square feet per building, and is 100% leased to Dollar General. All three locations were new build-to-suit prototype stores,and two of the sites were relocations of previously existing, successful Dollar General stores. All locations have long term 15 year triple net leases guaranteed by Dollar General Corporation. The price and cap rate are confidential.

Andrew Fallon commented,

This was a private high net worth buyer who has

Emily CusmanoCalkain’s Fallon Sells Dollar General Portfolio

Dog Days of Summer 2016

Commercial Property Executive

As we work our way through the dog days of summer, we can take a moment to reflect back on the second quarter of 2016 and forecast for the upcoming months, sure to be fraught by the most highly acrimonious U.S. presidential campaign to grace social media pages. In particular, let’s take a look at the investment sales and debt markets.

General consensus supported by Calkain research shows cap rates for investment volume have remained steady for the first half of 2016. Albeit understandable given the equity market volatility, it is still clear there remains an appetite for the real …

Traci BidingerDog Days of Summer 2016

Understanding The Tenant’s Perspective In Choosing NNN Vs. NN Leases

GlobeSt.com

There are a few ways to consider the difference between triple-net (NNN) and double-net (NN) leases, and why a tenant might choose one over the other.  Let’s start by defining a NNN lease – a lease in which the tenant agrees to be responsible for paying rent in addition to all of the operating expenses, including taxes, insurance, repairs and utilities.  When any one of these items is covered by the landlord, the roof for example, it becomes a NN lease. 

In a NNN lease, the tenant has control over all of the expenses.  If a tenant is a large …

Traci BidingerUnderstanding The Tenant’s Perspective In Choosing NNN Vs. NN Leases