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.
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.
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