NNN Property Sells for over $4MM

Net Lease Press Releases

NNN Property Sells for over $4MM in Washington DC

Although triple net leased acquisitions are hard to find in in the greater Washington DC market, Betty Friant, Vice President at Calkain Companies, recently brokered the sale of a NNN leased day care facility in Gainesville, VA for just over $4 million at a very attractive 8.64% cap.

The tenant signed a new absolute triple net lease on the 10,530+/- square foot state-of-the-art facility located near the entrance of the private LakeManassas Development with its signature Robert Trent Jones Golf Club. Betty Friant exclusively represented the developer/landlord in the transaction. The property was introduced to the market with corporate and personal guarantees and a 15 year lease term with annual escalations beginning in year three.

“Day Care facilities provide a very attractive investment,” said Friant. “With McDonald’s and other credit tenants on the market in the 4% to 5% cap rate range, the 8.5+% cap on a day care gives investors another option. The fundamentals of the underlying real estate are important in the acquisition of a day care as they are with any real estate purchase, so a great location and market rents are crucial,” she added. Calkain currently has other day care facilities on the market for sale in the 7.5% to 8.5% cap rate range.

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, Calkain has multiple office locations throughout the Mid-Atlantic, Southeast, Northeast and Midwest. Additional information about the firm and listings may be found at www.calkain.com.

Podcast - US Asset Management

Net Lease Press Releases

iTunes - Podcast - Asset Management

Think asset management plays no part in triple net leases? Think again.

In this installment of "The Net Lease Podcast" we talk to Ware Smalley - Asset Manager at Calkain Companies. Topics include: the role asset management plays in net lease investments, typical NNN investors who need to pay attention asset management, worst case scenarios if NNN assets are left unmanaged.

Download past episodes or subscribe to future episodes for free from Calkain Asset Management by The Net Lease Podcast on the iTunes Store.

http://www.calkain.com/podcast/ep002-20130412podcast.mp3

Asian Net Lease Investors Pick Safe Havens of U.S

Net Lease Press Releases

Calkain Companies, a  national real estate investment brokerage firm, recently facilitated the sale of a net leased hospice located in Winter Haven, FL. This transaction marks the first closing in Calkain's international partnership with Platinum Investment Corporation, headquartered in Shanghai, China. This partnership was formed in the fall of 2012 and is committed to opening the global net leased investments to the Asian investor looking to the United States for passive cash flow and property ownership. The property, an 8,000+/- SF medical site, is well located on a signalized corner and had a 10 year lease with annual increases. The buyer assumed attractive financing terms offered by the seller's bank. Calkain's Asset Management Division was retained to manage the property for the foreign investor.

Associate Teal Henderson represented both the seller and the buyer in this transaction. "This closing is the beginning of a historical relationship and new venture for Calkain. We are looking forward to a very successful and long term partnership with Platinum Investment Corporation. As we educate investors in this demographic and their appetite grows, they are quickly becoming purveyors of the net lease product. We have been able to swiftly work through language and culture barriers, in addition to, a large time zone difference to close the first deal and we have already begun working on new transactions." Henderson commented.

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, Calkain has multiple office locations throughout the Mid-Atlantic, Southeast, Northeast and Midwest. Additional information about the firm and listings may be found at www.calkain.com.

Net Lease Podcast

Net Lease Press Releases



 Net Lease Podcast 


You'll be happy to know iTunes has posted our new podcast under New & Noteworthy for Business > Investing, as seen in the attached screen cap. This episode features Jonathan Hipp and Sam Chandon reviewing 2012 and looking forward to 2013. 

Here is the iTunes link where you can listen:

https://itunes.apple.com/us/podcast/calkain-net-lease-podcast/id631770417

I encourage everyone to take advantage of this new media outreach model and participate in future episodes. If there is a topic you'd like to promote - could be anything including tenants, locations, market trends, advice etc - just let me know and I'll get you on the air.  

Thanks!

Investment Ground Lease in MD Sold

Net Lease Press Releases

Popeye’s Chicken on a Ground Lease in MD Sold

Calkain Companies, a national real estate investment brokerage firm, has procured the sale of the real estate currently occupied by Popeye’s Chicken on a ground lease in LaPlata, MD. Jeff Bogart of Calkain Companies represented the seller in this transaction. “We are currently experiencing a market short on NNN inventories and long on buyers. This combination has resulted in ‘all time low’ cap rates,” Bogart stated. “In this transaction, the seller needed to close the transaction by year end or incur an additional 5% tax liability” Bogart continued and “Calkain found a buyer that could close in less than 40 days with financing.” The buyer was a private investor represented by Ui Chung of Hana Realty.

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, Calkain has multiple office locations throughout the Mid-Atlantic, Southeast, Northeast and Midwest. Additional information about the firm and listings may be found at www.calkain.com.

Credit Union Net Lease Deal In VA

Net Lease Press Releases

Credit Union Confirms Tremendous Desire for Net Lease Investments In VA 

Calkain Companies a national, net lease commercial real estate brokerage firm has procured the sale of a Northwest Federal Credit Union investment property in Manassas, VA. Jeff Bogart of Calkain Realty Advisors represented the seller in the transaction. “We are currently experiencing a market short on NNN inventory and long on buyers. This combination has resulted in all time low cap rates,” Bogart stated. “Northwest Federal Credit Union, the current tenant, purchased the ground lease they had rented for the past four years,” Bogart continued. Northwest Federal was represented by Brian Ball and Jack Regler of KLNB Commercial Real Estate.

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, Calkain has multiple office locations throughout the Mid-Atlantic, Southeast, Northeast and Midwest. Additional information about the firm and listings may be found at www.calkain.com.

Net Lease Brokers Sells Bank of America Ground Lease

Net Lease Press Releases

Calkain Represents International Buyer in Acquisition of $4.175MM Bank of America Ground Lease

Calkain Companies, a national commercial real estate firm, successfully brokered a single-tenant net lease transaction in which a private international buyer acquired a Bank of America (NYSE: BAC) ground lease property in Fort Worth, TX. The 1.26 acre parcel is leased to Bank of America, which corporately guaranteed the terms of the lease. The triple net lease terms were for a period of 15 years, with structured rent increases and renewal options. The buyer completed the transaction as part of a 1031 exchange.

Calkain’s Andrew Fallon, Assistant Vice President, and Jerry Burg, Managing Director, represented the international buyer, and provided due diligence and transaction support services throughout the purchase process. The asset is well located along a major retail corridor within Fort Worth, TX. The asset was attractive given the location, landlord friendly lease terms - including structured rental increases, and the creditworthiness of Bank of America. The net lease terms associated with the investment 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, Calkain has multiple office locations throughout the Mid-Atlantic, Southeast, Northeast and Midwest. Additional information about the firm and listings may be found at www.calkain.com.