Record Low 4.6% Cap Rate for Ground Lease

 Net Lease Press Releases 

Calkain companies completes Sarasota FL net-lease transaction at record low cap rate rookie broker leads transaction process with a 4.6% return

Calkain Companies’ Associate, Stephen Counts, exclusively represented the seller in the disposition of a Ground Lease to the Tregate Condominium Association. The 2 acre parcel, located at 2220 Stickney Point Road in Sarasota, Florida was originally a citrus grove leased to the condominium association for 99 years. At the time of sale, there were 59 years remaining on the lease term. With a sale price of only $183,000, it was only a fraction of the property value. Therefore, the buyer was willing to accept an overly low return for their investment due to the very high intrinsic real estate value. Calkain’s client inherited the property, which had purchased the property over 40 years ago.

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.

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.

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.

NNN Brokers Closes South Florida Asset at Over $900 Per Square Foot

Net Lease Press Releases

Triple Net (NNN) Assets Still Driving Investor Demand

Calkain Companies, a national real estate investment brokerage firm, recently completed the sale of a 5,170 SF investment property leased to Blue Cross/Blue Shield of Florida on a long-term, triple net (NNN) basis. The purchaser was a private investor from New York seeking a passive, incoming-producing asset leased to a credit tenant. The property is an outparcel to the Sawgrass Mills Mall.  The sale price of $4,800,000 equates to $928.43 per square foot which exemplifies the strong desire for triple net leased assets in today’s investment market. 

Sunrise, FL

David Sobelman, Calkain’s Executive Vice President, personally represented the seller of the build-to-suit asset in Broward County, FL.  Sobelman stated, “Calkain has consistently proven that its systematic approach in helping clients procure NNN transactions ultimately sets the market for value.  This asset, even with its high price per square foot, generated multiple offers from purchasers around the US and from three other countries.  Selling at 99.43% of the asking price, Calkain’s efficient approach was confirmed with this transaction.”

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

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 (Washington, DC), Tampa, FL, Bethesda, MD, Wilmington, DE and Boston, MA.  Additional information about the firm and its listings may be found at www.calkain.com