3 Net Lease Transactions with Private Buyers

Net Lease Press Releases

Andrew Fallon of Calkain Companies, a national real estate investment brokerage firm, successfully completed three separate net lease transactions in which private clients acquired passive real estate investment properties. Two of the properties were located in Virginia and one in Tampa, FL. The properties acquired were leased on a long-term, triple net basis to the national tenants 7-Eleven Inc. and Childtime Learning Centers. Calkain's Andrew Fallon, Assistant Vice President, facilitated each transaction providing client representation and advisory services to the buyers, who each had different investment objectives and motivation.

7-Eleven, Norfolk, VA A Northern Virginia real estate investor, who was seeking passive income from a credit tenant, purchased a NNN ground lease in Virginia Beach, VA. The 0.81 acre property is leased to 7-Eleven, Inc. for a term of 20 years with structured rent increases. The tenant made significant improvements to the property in 2007, including a 3,000 square foot convenient store and a 1,600 square foot pump island canopy with four MPDs. As a NNN ground lease, this investment requires that 7-Eleven pay for real estate taxes, insurance, and maintenance expenses.

Childtime Learning Center, Midlothian, VA Calkain provided advisory and transaction support services to a private Northern Virginia investor who was interested in acquiring a net lease child care facility. The investor purchased a well-positioned, single-story daycare center located near the Chesterfield Towne Center in Midlothian, VA. The 6,380 square foot property is leased to and operated by Childtime Learning Center, who provides a corporate guaranty for the lease obligations. The existing and established tenancy, coupled with the location and low rent attracted the investor interest.

Confidential Property, Tampa, FL As part of a 1031 exchange purchase, Calkain's private investor client acquired a retail building leased and occupied solely by an national, investment-grade tenant. The developer-seller fully renovated the property in 2011 to accommodate the tenant, who will operate under a 10-year NNN lease which will provide passive income to the investor. Calkain's Managing Director, Patrick Nutt represented the developer-seller in the transaction.

Calkain is a full service real estate investment brokerage firm with a national scope focusing on single and multi-tenant retail, industrial, hotel and office net leased transactions as well as asset management, tax planning, and advisory services. Calkain has offices in Reston, VA.


www.calkain.com

Sale of Triple Net (NNN) 7-Eleven Store in Maryland

Net Lease Press Releaess


Calkain Companies Brokers Investment Sale of 7-Eleven Store in Maryland

Reston, VA, – Calkain Companies, a national real estate investment brokerage firm, recently completed the sale of a 7-Eleven convenient store located in Hagerstown, MD. The 2,620 SF investment property is leased to 7-Eleven, Inc. on a long-term, triple net (NNN) basis. The purchaser was a private investor seeking a passive, incoming-producing asset leased to a national tenant. 

Calkain's Andrew Fallon, Associate, brokered the transaction between two private clients. The property was "off-market" meaning that the seller was not actively marketing the property for sale. Calkain utilized its extensive database to match the buyer with a willing seller. "Knowing the buyers criteria, it was a matter of finding an attractive property at the right price point," says Fallon. "This property has been a 7-Eleven for a long time, and the corporate guarantee on the lease makes it a bond-like investment with stable, predictable returns" adds Fallon. The asset traded at a 6.25%, illustrating the continued cap rate compression in the net lease market. The 7-Eleven deal represents the type of stable asset that investors are focused on purchasing in the current environment.

The transaction closed within the last thirty days and is recorded in the public record.

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