McDonald's Ground Lease in Maple Lawn, MD Sold

Net Lease Press Releases

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

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 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’sRick Fernandez brokered the transaction for the seller. “Favorable lease terms from an investment grade tenant at the vanguard of its retail sector and NNN 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.

Wendy’s Surpassed Burger King

Net Lease Press Releases

Wendy’s Tops Burger King as Second-Largest U.S. Burger Chain

Wendy’s Co. (WEN) surpassed Burger King Holdings Inc. (BKC) in sales last year, making it the second-largest U.S. hamburger chain, according to Chicago-based researcher Technomic Inc.
Sales at Dublin, Ohio-based Wendy’s U.S. locations were $8.5 billion last year, while Miami-based Burger King’s sales were $8.4 billion, according to Technomic. McDonald’s Corp. (MCD), based in Oak Brook, Illinois, is the largest chain with $34.2 billion in sales at all of its U.S. stores in 2011. 

http://www.bloomberg.com

Triple Net Lease (NNN) Transactions Sold in Florida

Net Lease Press Releases


The properties acquired were leased on a long-term, triple net basis

Scott Black, Associate and Patrick Nutt, Managing Director of Calkain Companies’, a national real estate investment brokerage firm, successfully completed  triple net lease (NNN) transactions in which private clients acquired passive real estate investment properties. The two properties were located in Florida . The properties acquired were leased on a long-term, triple net basis to the national tenant Regions Bank.


A summary of the each triple net lease transaction is below:

Regions Bank - Lakeland, FL: Calkain secured the exclusive listing from the owner, a family investment fund, and secured a fully executed contract to purchase within two weeks. The ultimate buyer, a private investor, purchased the 4,620 square foot property leased by Regions Bank (NYSE: RF). Even with only three (3) years remaining of the lease, the established tenancy, coupled with the shopping center outparcel location, made this an attractive investment.

Confidential - Florida Transaction: Calkain exclusively listed a confidential property that was ultimately 
purchased as part of a 1031 tax deferred exchange. The private investor, based out of New York, acquired a building leased and occupied by a national, investment-grade tenant. Further details are unavailable due to confidentiality agreements between parties.
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.




 Additional information about the firm and its listings may be found at www.calkain.com.

Net leased CVS Pharmacy Closes For $4,120,000.00

Net leased Press releases 

Net Leased CVS Pharmacy in Largo, FL.

                                                              

NAI Capital’s Mel Moss & Dan Spell Closes $4,120,000.00 Net leased to CVS Pharmacy in Largo, FL.

LARGO, FL – NAI Capital’s, Mel Moss, Senior Vice President and Dan Spell, Senior Vice President with NAI Capital’s West Los Angeles office represented Voyage-Largo, LLC in the purchase of a net leased CVS Pharmacy located in Largo, FL. The value of transaction was $4,120,000.00.

“Dan and I represented this investor in the purchase of two net leased drug store properties in the last three months which indicates to us that there is a demand for quality net leased properties.” said Mel Moss, Senior Vice President.

Both deals were unique opportunities for the client with the first transaction, Walgreens, offering stellar demographics with a cap rate over 8.2 and the second transaction, CVS Pharmacy, offering a great location and rental increases.

Target and Costco Set to Open in D.C. in 2012

Net Lease Press Releases

The players are likely to be Costco and Target, potentially Shoppers Food Warehouse and Staples, even Wal-Mart was once in the lineup.

DCmud reports that the final moves have been made to start construction of the Shops at Dakota Crossing, a 42-acre development in the Fort Lincoln area of Northeast,Dc where Costco will serve as an anchor tenant. 

In all, the plan allows for 26 tenants in 13 buildings at the Shops, but as of now, only 182,060 of the 430,000 s.f. has been claimed by tenants: 154,000 s.f. by Costco and 28,060 s.f. by Marshalls. After Costco's building is delivered late next year, the rest of the development will continue to rise and retailers are expected to be able to settle into spaces by mid-2013.In all, the plan allows for 26 tenants in 13 buildings at the Shops, but as of now, only 182,060 of the 430,000 s.f. has been claimed by tenants: 154,000 s.f. by Costco and 28,060 s.f. by Marshalls. After Costco's building is delivered late next year, the rest of the development will continue to rise and retailers are expected to be able to settle into spaces by mid-2013.

 

http://dcist.com

 Fort Lincoln is a neighborhood located in northeastern Washington, D.C. It is bounded by Bladensburg Road to the northwest, Eastern Avenue to the northeast, New York Avenue NE to the south, and South Dakota Avenue NE to the southwest. The town of Colmar Manor, Maryland, is across Eastern Avenue from the Fort Lincoln neighborhood, as is the Fort Lincoln Cemetery.

The name Fort Lincoln was originally used for a Civil War Fort in adjacent Prince George's County, Maryland, across the D.C. line from the Washington neighborhood bearing its name.

David Sobelman Will be a Featured Moderator at the ICSC

Net Lease Press Releases

David Sobelman, executive vice president of calkain companies, will be a featured moderator at the ICSC Net Lease property panel in Las Vegas 

ICSC is hosting the first ever Net Lease Property Panel Discussion to take advantage of the confluence of attendees at the RECON conference. Hear from the industry's foremost and dynamic practitioners. Topics to be discussed are:

• Developer issues and dynamics of today's single tenant properties
• Institutional investments and trends of net lease properties
• Brokerage perspectives and market analysis
• Legal issues when working with single tenant properties

David has been with Calkain since its inception. While not only charged with overseeing the operations and transactional activity for the firm, David works with our exclusive clients.

A critical part to the expansion and development of Calkain, David has been a part of the divisional growth of the firm into private-market and institutional transactions and due diligence assessments.

David is considered by many as an expert in his field and is consistently sought out for his opinion and counsel.

RECon conference is the global convention for the shopping center industry and provides networking, deal making and educational opportunities for retail real estate professionals from around the world. With over 30,000 attendees and 1,000 exhibitors it is the largest industry convention, making it an unparalleled opportunity to do a year's worth of business in just three days!  So if you are looking to meet with retailers to discuss new or existing leases in your center, then you need to have a presence at RECon.

www.calkain.com

Calkain Cos., and New York-based Chandan Economics are Partnering to Produce Research in the Net Lease Market

Net Lease Press Releases

Now two companies locally-based Calkain Cos., and New York-based Chandan Economics are partnering to produce research in the net lease space

There is no comparable body of research for the net lease space, however. Now two companies locally-based Calkain Cos., and New York-based Chandan Economics are partnering to produce research in the net lease space. The companies, headed by Jonathan Hipp and Sam Chandan, respectively, plan to launch a quarterly publication starting in the next 30 to 60 days. Initially, the publication, called Net Lease Economic Report, will be available for free to its clients. The goal will be to analyze the impact and relationship between tenant, developer and investor demand for net lease assets—as well as establish relationships with broader economic trends.

“This subset of commercial real estate has been growing for the past two years and attracting new investor interest,” Chandan tells GlobeSt.com. “There is a need for much more rigor behind the research and understanding of the investment.”

The last two years have indeed attracted new levels and types of investors, Hipp tells GlobeSt.com, primarily a combination of institutional and private market investor. 

“The net lease investment profile can be very appealing especially when there is a lack of predictability and enhanced risk around commercial real estate in general.” Net lease’s stability is one reason why it has been attracting growing levels of investment, Hipp adds.

“That flight to safety that happened after 2008 and 2009 and has continued to make the net lease an asset class highly sought after and highly attractive to investors.”

www.calkain.com