Net Leased IHOP Investment Property in the Dallas Sold

Net Lease Press Releases

Tampa, FL — Calkain Companies, a national real estate investment brokerage firm, recently procured the $1,910,000 sale of a 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 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 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 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 www.calkain.com.