Reston, VA - Calkain Companies', a national real estate investment brokerage firm, recently completed the sale of a Dollar General store located in Folkston, GA. The 9,014 SF investment property is leased to Dollar General on a long-term, double net (NN) basis. The purchaser was a private investor seeking a passive, incoming-producing asset leased to a national tenant.
Calkain's Rich Murphy brokered the transaction on the buy side and worked with Bill Weitzenkorn from Tri-Oak Commercial who represented the seller. Calkain utilized its extensive database to match its buyer up with properties that would fit their investment strategy. “Knowing the buyer's criteria, it was a matter of finding an attractive property at the right price point,” says Murphy. “This property was actually a relocation of an existing successful Dollar General. That along with a solid location and an excellent CAP rate made this a great transaction for all involved,” adds Murphy. The asset traded at an 8.9% CAP rate, illustrating that good deals exist out there for those willing to look hard enough. This Dollar General deal represents the type of stable asset that investors are focused on purchasing in the current environment.
The transaction closed within the last thirty days and is recorded in the public record.
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. Additional information about the firm and its listings may be found at
http://www.calkain.com/
Showing posts with label Maryland. Show all posts
Showing posts with label Maryland. Show all posts
Monday, March 21, 2011
Tuesday, March 8, 2011
NNN Net Leased IHOP Sold Dallas, TX
NNN Lease Market News
Tampa, FL — Calkain Companies, a national real estate investment brokerage firm, recently procured the $1,910,000 sale of a NNN Net Leased IHOP investment property in the Dallas, TX suburb of Lewisville. The property, located at 2345 South Stemmons Freeway, is occupied by ACG Texas, the IHOP franchisee for the state of Texas with over 70 restaurant locations in service. The NNN Net Lease restaurant is situated across the street from Vista Ridge Mall and near the high traffic intersection of Interstate 35E and E. Round Grove Road.
Patrick Nutt, Associate Vice President of Calkain Realty Advisors, the private market division of Calkain Companies, represented the private buyer in this cash transaction. Nutt commented, “The buyer was familiar with the tenant, already owning other NNN net leased sites within his portfolio, and was looking to expand that presence.” Nutt continued, “Rather than take the approach of limiting exposure to particular tenants, the purchaser prefers to have a substantial landlord relationship with each tenant occupying NNN net leased real estate within his portfolio.”
This sale marks the fourth closing in just over a month for Nutt, continuing the steady market velocity from the end of 2010. Nutt remarked, “While there was a slight ‘hangover’ effect from a busy December, the buyers are eager to wrap up the first quarter with strong numbers. If you have a property occupied by a quality tenant or located on strong real estate, there is considerable demand for those assets.”
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. Additional information about the firm and its listings may be found at http://www.calkain.com/.
Tampa, FL — Calkain Companies, a national real estate investment brokerage firm, recently procured the $1,910,000 sale of a NNN Net Leased IHOP investment property in the Dallas, TX suburb of Lewisville. The property, located at 2345 South Stemmons Freeway, is occupied by ACG Texas, the IHOP franchisee for the state of Texas with over 70 restaurant locations in service. The NNN Net Lease restaurant is situated across the street from Vista Ridge Mall and near the high traffic intersection of Interstate 35E and E. Round Grove Road.
Patrick Nutt, Associate Vice President of Calkain Realty Advisors, the private market division of Calkain Companies, represented the private buyer in this cash transaction. Nutt commented, “The buyer was familiar with the tenant, already owning other NNN net leased sites within his portfolio, and was looking to expand that presence.” Nutt continued, “Rather than take the approach of limiting exposure to particular tenants, the purchaser prefers to have a substantial landlord relationship with each tenant occupying NNN net leased real estate within his portfolio.”
This sale marks the fourth closing in just over a month for Nutt, continuing the steady market velocity from the end of 2010. Nutt remarked, “While there was a slight ‘hangover’ effect from a busy December, the buyers are eager to wrap up the first quarter with strong numbers. If you have a property occupied by a quality tenant or located on strong real estate, there is considerable demand for those assets.”
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. Additional information about the firm and its listings may be found at http://www.calkain.com/.
Saturday, February 26, 2011
NNN Lease Investment Sale of Largo Applebee’s
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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