(NNN) Net Lease firm Brokered the Sale of Investment Retail Property in Columbia, MD

NNN Lease Market

Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of a newly developed, multi-tenant investment retail property in Columbia, MD. The Shoppes at Dobbin Center, a 4,722 square foot three tenant building, was developed by a local group and leased to Starbucks, Radio Shack, and Spa #1 Nails. All of the tenants signed long-term triple net leases with structured rent increases and renewal options. The purchasers were a private group interested in diversifying investments into stable, income-producing real estate.

Calkain’s Andrew Fallon, Assistant Vice President, exclusively represented the seller, and provided marketing and transaction support services throughout the sales process. After working with the seller over the course of the development process, the property was introduced to the marketplace in 1Q 2012. Fallon explains the circumstances, “The property was under LOI and moving to contract the day it was introduced to the marketplace.” Fallon continued, “The seller was able to take advantage of the heated market and compressed cap rate environment given the combination of low interest rates, investor flight to quality, and the laws of supply and demand.” The buyer was a Washington, DC based investor seeking a passive, income-producing property as a family investment.

The characteristics of the property and net lease terms were extremely appealing to the purchasers and other prospective buyers. Calkain received multiple offers for the property, which is extremely well located in the Columbia, MD sub-market. The Shoppes at Dobbin Center was a redevelopment of a dense in-fill parcel in front of a Wal-Mart and adjacent to other national retailers including Chick-fil-a, McDonald’s, and Wendy’s. Further, the net lease structure associated with these corporate leases requires that the tenant pay for real estate taxes, insurance, and maintenance expenses – which effectively provides the landlord with a passive, bond-like income stream through commercial real estate ownership.

Calkain Companies is a boutique commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant retail, industrial, hotel and office net leased transactions. While licensed to conduct business in many states, nationally, Calkain has multiple office locations throughout the Mid-Atlantic, Southeast and Northeast United States. Additional information about the firm and listings may be found at www.calkain.com.

NNN Investment Sale of McDonald's Ground Lease in Maple Lawn, MD

NNN Lease Market


NNN Brokers 4.75% Cap Rate  McDonald’s on a long-term, NNN lease basis.



Calkain Companies, a national real estate investment brokerage firm, recently completed the sale of an investment property ground leased to McDonald’s on a long-term, NNN lease basis. The purchaser was a private investor seeking a passive, incoming-producing asset leased to a strong national credit tenant. The property is located within the Harris Teeter anchored retail square of the award winning Maple Lawn development, a beautiful mixed-use community in Fulton, Maryland.

Calkain’s Rick Fernandez brokered the transaction for the seller. “Favorable lease terms from an investment grade tenant at the vanguard of its retail sector and NNN lease investments anchored to a growing retail market provided an irresistible combination of factors that drew investors from all over the globe,” Fernandez said. “The seller was able to evaluate multiple offers and chose the strongest buyer able to close at this record setting cap rate,” Fernandez continued. The buyer closed the all-cash transaction earlier this year.


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), Tampa, FL, Ft. Lauderdale, FL, Wilmington, DE and Boston, MA. Additional information about the firm and its listings may be found at www.calkain.com.

NNN Lease Medical Buildings for Sale

NNN Lease Medical Office Buildings For Sale – Portfolio

44095 Pipeline Plaza  Ashburn, VA

Inova

$1,700,000 | CAP Rate 6.50% NOI $110,376

Rent Escalation 3% Annually

Unit Size 5,256 SF

Business Type Medical Practice

Lease Type NNN Condo

Available only as portfolio purchase with at least one additional unit

 Offerwise

$750,000 | CAP Rate 8.00% NOI $60,067

Rent Escalation 3% Annually

Unit Size 2,777 SF

Business Type Internet Marketing Strategy

Lease Type NNN Condo

RPL

$1,238,857 | CAP Rate 7.00% NOI $86,720

Rent Escalation 3% Annually

Unit Size 4,336 SF

Business Type Residential Land Development

Lease Type NNN Condo

 WebMD

$876,000 | CAP Rate 6.66% NOI $58,370

Rent Escalation 3.00% Annually 

Unit Size 2,920 SF

Business Type Health, Internet

Lease Type Full Service

HIGHLIGHTS

•Inova is anchor tenant with new 10-year NNN lease and building signage rights

•Three additional leased condominium units available for purchase

•All leases have 3.00% annual rent increases

•Newly developed Class A professional office built in high growth Ashburn, VA market

 For More information Contact:

JERRY BURG

Managing Director

(703) 787-4714

jburg@calkain.com

ANDREW FALLON

Associate

(703) 787-4714

afallon@calkain.com

Trophy Office Building For Sale In Northern Virginia

NNN Lease Market News

Another trophy office building goes on the market in Northern Virginia

A 356,370-square-foot, Class A office building in the Rosslyn-Ballston Corridor is on the market. Cushman & Wakefield said Tuesday today that it has been selected by MetLife to market the property at 1320 North Courthouse in Arlington for sale or joint venture investment.
“Given the current market conditions and the building’s premier location, we believe this property will be well received by investors and developers looking to acquire high quality real estate in the D.C. area,” Senior Managing Director Susan Carras said in a statement. She and Senior Managing Director Brian Dawson are leading the assignment. 

http://www.virginiabusiness.com/

NNN Lease Investment Portfolio for Sale

NNN Lease News

Reston, VA - Calkain Companies, a national NNN net lease investment brokerage company, has been name the exclusive advisor for the sale of four NNN net leased Arby’s. This four Net Lease Properties are located in the diverse Mid-Atlantic region. Here are the highlights of These Four NNN net leased investment properties,

Highlights

•Strong Locations on outparcels to Super Wal-Mart or Home Depot Anchored Centers

•Landlord Retains Possession of All Trade Fixtures and in-store equipment

•Percentage Rent in addition to base rent

•Personal Guarantee for each location

Arby’s - Wake Forest, NC 

Square Footage: 3,119

Property Type: Restaurant, Retail

Lease Term 15 yrs.

Lease Structure: NNN

NOI: $159,178

Price: $2,165,692

Arby’s - South Hill, VA    

Square Footage: 3,119

Property Type: Restaurant, Retail

Lease Term 15 yrs.

Lease Structure: NNN

NOI: $144,144

Price: $1,961,147

Arby’s - Rocky Mount, NC    

Square Footage: 3,119

Property Type: Restaurant, Retail

Lease Term 15 yrs.

Lease Structure: NNN

NOI: $124,412

Price: $1,692,681

Arby’s - Roanoke Rapids, NC

Square Footage: 3,119

Property Type: Restaurant, Retail

Lease Term 15 yrs.

Lease Structure: NNN

NOI: $122,316

Cap Rate: 7.35%

Price: $1,664,159

For More information Contact:

Rick Fernandez

Managing Director

(703) 787-4714

rfernandez@calkain.com

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

http://www.calkain.com/

DC Area NNN Lease Investment Sale

Reston, VA, —Calkain Companies’, a national real estate investment brokerage firm, has procured the sale of two triple net (NNN) lease investment properties in Fulton, MD. The SunTrust Bank and M&T Bank Ground Leases in Maple Lawn (Fulton), MD were sold to private investors seeking passive and long-term investments. Closing price of the sale was $8.2MM.
Rick Fernandez, Assistant Vice President and Jeff Bogart, Tax Strategy Specialist, both of Calkain Realty Advisors, the private market division of Calkain Companies, led the marketing and sale of the transactions. Fernandez commented, “The strong market demographics, high profile locations and financial strength of the tenants provided sound and stable investment opportunities for the investors.” The properties commanded a premium price due to the high credit worthiness of the tenants and the above average rent increases during the terms of the lease. Fernandez and Bogart generated multiple offers for the asset and ultimately completed the sale in an obviously challenging market. Jonathan Hipp, President & CEO of Calkain Companies continued, “Calkain proved that quality real estate is highly desirable, no matter what market cycle is occurring.” Bogart commented,” The availability of favorable financing for this transaction and in this market cycle is testament to the strength and stability of the Washington, DC metro market.”
Maple Lawn is an upscale mixed use development outside of the Nation’s Capitol that provides living, working and shopping conveniences. With over 1,340 homes plotted for the development, the long term benefits of the investments are greatly achieved.
The transaction is recorded in the public record.
Calkain Companies is a privately held, national real estate brokerage and advisory firm that specializes in single and multi-tenant retail, industrial, and office net leased transactions. Calkain has offices in Reston, VA (Washington, DC), Tampa, FL, and McHenry, MD.

NNN Lease Investment Sale of North Arlington Walgreens

Calkain Companies Brokers $7.3MM NNN Lease Investment Sale of North Arlington Walgreens
Reston, VA –Calkain Companies, a national real estate investment brokerage firm, has procured the sale of a new triple net (NNN) lease Walgreen's in North Arlington, Virginia at a 6.8% cap rate.
Washington-area pharmacies have slowly crept forward to grab increased attention from investors spanning the world.
In a bid to scoop up smaller real estate gems, known as triple-net-lease properties, some investors have been smitten by the burgeoning drugstore sector. By July 1, the sector's dollar value in trades had already reached two-thirds of last year's total volume.
In triple-net leases, tenants — not landlords — hold full responsibility for managing or maintaining the space and paying its taxes or insurance. While those leases are often held by freestanding dollar stores, banks, casual dining and fast-food outlets, drugstores have weathered the recession to emerge as one of the triple-net sector's most stable industries.
Investors say drugstores' creditworthiness, central locations, 25-year-plus lease terms and newer buildings, typically no more than 10 years old, make them alluring prospects.
Rick Fernandez, Managing Director of Calkain Urban Investment Advisors, the urban market division of Calkain Companies, represented the seller in the transaction. "NNN investment property in the DC Metro area is hard to find and quality real estate such as this North Arlington Walgreen's is harder still," explained Fernandez. "The intrinsic value of the real estate, strong credit of the tenant and the international appeal and esteem with which the DC Metro area is held by investors across the globe offered a unique opportunity to the investor," commented Jonathan Hipp President and CEO of Calkain Companies. The buyer, a group of international investors, acquired fee simple interest in the ground and structure.
The transaction closed within the last thirty days and was recorded in the public record.