Sale Leaseback Transaction of Firehouse Subs in Florida

Net Lease Press Releases

High Traffic Franchise Provides Attractive Investment

Calkain Companies, a national commercial real estate investment brokerage firm facilitated a sale leaseback transaction of Firehouse Subs in Pinellas Park, FL in the Tampa/Clearwater MSA. The purchaser was a private South Florida investor seeking a passive, incoming-producing asset to complete a 1031 exchange.

Calkain Associate Teal Henderson represented the seller, a local business group involved in Firehouse Subs franchising and national hoteliers. This 2020+/- sf asset is located in a major retail corridor which was previously owned and operated by a multi-unit Firehouse Subs franchisee. The intrinsic real estate strength, along with higher than average unit store sales and a new favorable triple net, 10 year lease with annual increases and multiple options, made this asset an attractive investment for the buyer. This sale-leaseback illustrates the win-win scenario for the business owner seeking to release capital and investors seeking stable and passive triple net investment opportunities.

Sale-leaseback transactions offer the following benefits:

Monetize 100% of the fair market value of your real estate versus traditional value limitations in mortgage financing.

No change in operational control of the real estate.

Company controls the terms of the lease including rent, lease and renewal terms.

Excellent source of alternative financing in today's difficult credit environment.

Alternative to debt financing for build-to-suit projects.

Typically short transaction closing process.

Enhances the company's liquidity.

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.