NNN Lease Investment News
Calkain Companies Brokers $1.5MM NNN Lease Investment Sale of Largo Applebee’s
Reston, VA, January 24, 2011 – Calkain Companies, a national real estate investment brokerage firm, has procured the sale of a triple net (NNN) lease Applebee’s Restaurant in Largo , Maryland
Rick Fernandez, Managing Director of Calkain Urban Investment Advisors, the urban market division of Calkain Companies, represented the buyer who acquired the property for his private account. “The combination of DC area real estate, national tenant, strong daily traffic and the surrounding retail mix were tailor made for the investor looking to capitalize on the passive nature of NNN real estate investments”, explained Fernandez.
The buyer acquired fee simple interest in the ground and structure and closed on the transaction within the last thirty.
Calkain is a full service real estate brokerage firm with a national scope focusing on single and multi tenant retail, industrial, hotel and office net-leased transactions. Calkain has offices in Reston , VA (Washington, DC), Florida , Maryland and Delaware
David Sobelman
813.282.6000
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