Asian Net Lease Investors Pick Safe Havens of U.S

Net Lease Press Releases

Calkain Companies, a  national real estate investment brokerage firm, recently facilitated the sale of a net leased hospice located in Winter Haven, FL. This transaction marks the first closing in Calkain's international partnership with Platinum Investment Corporation, headquartered in Shanghai, China. This partnership was formed in the fall of 2012 and is committed to opening the global net leased investments to the Asian investor looking to the United States for passive cash flow and property ownership. The property, an 8,000+/- SF medical site, is well located on a signalized corner and had a 10 year lease with annual increases. The buyer assumed attractive financing terms offered by the seller's bank. Calkain's Asset Management Division was retained to manage the property for the foreign investor.

Associate Teal Henderson represented both the seller and the buyer in this transaction. "This closing is the beginning of a historical relationship and new venture for Calkain. We are looking forward to a very successful and long term partnership with Platinum Investment Corporation. As we educate investors in this demographic and their appetite grows, they are quickly becoming purveyors of the net lease product. We have been able to swiftly work through language and culture barriers, in addition to, a large time zone difference to close the first deal and we have already begun working on new transactions." Henderson commented.

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, Calkain has multiple office locations throughout the Mid-Atlantic, Southeast, Northeast and Midwest. Additional information about the firm and listings may be found at www.calkain.com.

Investment Ground Lease in MD Sold

Net Lease Press Releases

Popeye’s Chicken on a Ground Lease in MD Sold

Calkain Companies, a national real estate investment brokerage firm, has procured the sale of the real estate currently occupied by Popeye’s Chicken on a ground lease in LaPlata, MD. Jeff Bogart of Calkain Companies represented the seller in this transaction. “We are currently experiencing a market short on NNN inventories and long on buyers. This combination has resulted in ‘all time low’ cap rates,” Bogart stated. “In this transaction, the seller needed to close the transaction by year end or incur an additional 5% tax liability” Bogart continued and “Calkain found a buyer that could close in less than 40 days with financing.” The buyer was a private investor represented by Ui Chung of Hana Realty.

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, Calkain has multiple office locations throughout the Mid-Atlantic, Southeast, Northeast and Midwest. Additional information about the firm and listings may be found at www.calkain.com.

Investment Retail Property in Columbia, MD

Net Lease Press Releases

  Net lease real estate brokerage firm, recently brokered the sale of long-term triple net lease investment

Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of a newly developed, multi-tenant investment retail property in Columbia, MD. The Shoppes at Dobbin Center, a 4,722 square foot three tenant building, was developed by a local group and leased to Starbucks, Radio Shack, and Spa #1 Nails. All of the tenants signed long-term triple net leases with structured rent increases and renewal options. The purchasers were a private group interested in diversifying investments into stable, income-producing real estate.

Calkain’s Andrew Fallon, Assistant Vice President, exclusively represented the seller, and provided marketing and transaction support services throughout the sales process. After working with the seller over the course of the development process, the property was introduced to the marketplace in 1Q 2012. Fallon explains the circumstances, “The property was under LOI and moving to contract the day it was introduced to the marketplace.” Fallon continued, “The seller was able to take advantage of the heated market and compressed cap rate environment given the combination of low interest rates, investor flight to quality, and the laws of supply and demand.” The buyer was a Washington, DC based investor seeking a passive, income-producing property as a family investment.

The characteristics of the property and net lease terms were extremely appealing to the purchasers and other prospective buyers. Calkain received multiple offers for the property, which is extremely well located in the Columbia, MD sub-market. The Shoppes at Dobbin Center was a redevelopment of a dense in-fill parcel in front of a Wal-Mart and adjacent to other national retailers including Chick-fil-a, McDonald’s, and Wendy’s. Further, the net lease structure associated with these corporate leases requires that the tenant pay for real estate taxes, insurance, and maintenance expenses – which effectively provides the landlord with a passive, bond-like income stream through commercial real estate ownership.

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 leases Dollar General Stores Sold

Net lease press releases

                    Dollar General Stores Totaling $2.54MM

  

 Calkain Companies, a national real estate investment brokerage firm, recently completed the sale of two (2) net lease investment properties occupied by Dollar General(NYSE: DG.) Both stores were located in Virginia towns: Madison and Ferrum. The purchaser was a regional real estate development and management company based in the Northeast. The two properties were recently developed as part of Dollar General’s built-to-suit program, and the stores have brand new 15-year triple net leases, which provide passive income for the new owner.

Calkain’s Andrew Fallon, Associate, facilitated the transaction, providing exclusive representation to the Seller, who developed the assets. The dollar store segment remains a bright spot of the retail industry. Fallon comments, “In order to continue capturing market share, the dollar store companies, including Dollar General, are relocating to free-standing stores in existing markets and opening new stores in new markets.” The Madison and Ferrum stores were both new stores in new markets for Dollar General, and Calkain’s marketing efforts were met with high demand. Fallon continues, “These new stores offer real estate investors an opportunity to own hard assets with bond-like characteristics based on the long-term net leases signed by stable corporate tenants.” Those characteristics attracted multiple offers for the assets, and allowed the buyer to utilize favorable financing for the acquisition.

DollarGeneral Corporation is the nation’s largest small-box discount retailer, with more than 9,300 stores and 2010 sales in excess of $13.04 Billion. Dollar General ranks among the largest retailers of top-quality brands made by America's most-trusted manufacturers, such as Procter & Gamble, Kimberly Clark, Unilever, Kellogg's, General Mills and Nabisco.

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

Triple Net Lease Rite Aid Sold

Net Lease Press Releases

                    

Triple Net Lease Brokers $2.3MM Purchase

of Net Lease Rite Aid

Calkain Companies, a national real estate investment brokerage firm, successfully completed a net lease transaction in which a private client acquired a property leased to and operated as a Rite Aid (NYSE: RAD) pharmacy. The $2.3MM property was located in Gastonia, NC and the purchaser was a private, mid-Atlantic real estate investor. The 10,900 sf pharmacy building is leased to Rite Aid under a long-term, triple net lease, which provides passive income for the investor.

Calkain’s Andrew Fallon, Associate, facilitated the transaction, providing exclusive representation to the Buyer. Pharmacies have long been a desired segment of the net lease market, but Rite Aid properties have been scrutinized given the company’s operating performance.  Fallon worked closely with the buyer and indicated that, “the investor did extensive due diligence on this Rite Aid location, ensuring that the store was busy, had excellent sales, and was on a strong corner.” The property is located at a signalized corner across the street from a Walgreens, one of Rite Aid’s main competitors. Fallon continues, “Within the net lease market, Rite Aid’s are offering an inflated return to investors based on the perceived credit risk associated with the tenant.” Even with the perceived risk, the purchaser was able to secure competitive financing for the acquisition.

Rite Aid operates approximately 4,700 pharmacies in 31 states and the District ofColumbia. Rite Aid is the largest drug store chain on the East Coast and the third largest drugstore chain in the county.

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

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.

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.

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

NNN Net Leased Chili's Properties Sold

Net Lease Press Releases

Calkain Companies, a national real estate investment brokerage firm, recently completed the sale of an investment property ground leased to Chili’s on a long-term, NNN basis. The purchaser was a private investor seeking a passive, incoming-producing asset. The property is located at The Peterson Companies’ Virginia Gateway Center in Gainesville, VA.

Rick Fernandez, Managing Director of Calkain Urban Investment Advisors, the urban market division of Calkain Companies, represented the buyer in the transaction. “Chili’s solid sales history at this location and the strong real estate fundamentals at the site met the buyer’s acquisition criteria,” explained Fernandez.

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.

A triple net lease (Net-Net-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance.

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.

Two (NNN) Net Lease Investment Properties Sold

Two net lease investment properties occupied by Dollar General (NYSE: DG) in the Virginia towns of Madison and Ferrum have sold for $2.54 million.

The two properties were recently developed as part of Dollar General's built-to-suit program, and the stores have brand new 15-year triple net leases.

Calkain's Andrew Fallon, Associate, facilitated the transaction, providing exclusive representation to the Seller, who developed the assets. The purchaser was a regional real estate development and management company based in the Northeast.

"The dollar store companies, including Dollar General, are relocating to free-standing stores in existing markets and opening new stores in new markets," said Fallon.

www.calkain.com

Net Leased IHOP Investment Property in the Dallas Sold

Net Lease Press Releases

Tampa, FL — Calkain Companies, a national real estate investment brokerage firm, recently procured the $1,910,000 sale of a Net Leased IHOP investment property in the Dallas, TX suburb of Lewisville.  The property, located at 2345 South Stemmons Freeway, is occupied by ACG Texas, the IHOP franchisee for the state of Texas with over 70 restaurant locations in service.  The restaurant is situated across the street from Vista Ridge Mall and near the high traffic intersection of Interstate 35E and E. Round Grove Road.

Patrick Nutt, Associate Vice President of Calkain Realty Advisors, the private market division of Calkain Companies, represented the private buyer in this cash transaction.  Nutt commented, “The buyer was familiar with the tenant, already owning other sites within his portfolio, and was looking to expand that presence.”  Nutt continued, “Rather than take the approach of limiting exposure to particular tenants, the purchaser prefers to have a substantial landlord relationship with each tenant occupying net leased real estate within his portfolio.”
This sale marks the fourth closing in just over a month for Nutt, continuing the steady market velocity from the end of 2010.  Nutt remarked, “While there was a slight ‘hangover’ effect from a busy December, the buyers are eager to wrap up the first quarter with strong numbers.  If you have a property occupied by a quality tenant or located on strong real estate, there is considerable demand for those assets.”   
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.

Calkain Brokers NNN Investment Sale of Starbucks Ground Lease at VA

Net Lease Press Releases 

Calkain Companies a national real estate investment brokerage firm, recently completed the sale of a 33,800 SF investment property ground leased to Starbucks on a long-term, NNN basis. The purchaser was a private investor seeking a passive, incoming-producing asset leased to a national tenant. The property is located at Edens & Avant’s Riverton Commons Super Wal-Mart and Lowes anchored center in Front Royal, Virginia.  Other Ground lease parcels are also available for sale.

Starbucks | Front Royal, VA

Calkain’s Rick Fernandez and Rich Murphy brokered the transaction on both the sell and buy side respectively. Calkain worked with the buyer to develop criteria for acquiring a portfolio of properties that would fit the client’s investment strategy. “Knowing the buyer’s criteria, it was a matter of finding an attractive property at the right price point,” says Murphy. “This property just happened to be a Calkain listing,” adds Murphy.  “This Starbucks deal represents the type of stable asset that investors are focused on purchasing in the current environment.” Fernandez said.  

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

NNN Investment Sale of Miller’s Ale House in Kissimmee, FL

Calkain Companies', a national real estate investment brokerage firm, recently completed the sale of the newly constructed 7,972SF investment property leased to Miller's Ale House on a long-term, NNN basis. The purchaser was a local investor seeking a passive, incoming-producing asset and was attracted to the solid local market. The property is located at 8123 Irlo Bronson Memorial Highway in Kissimmee, Florida.

 
Kissimmee, FL

Calkain's Patrick Nutt brokered the transaction, providing exclusive representation to the seller, Insite Kissimmee, LLC, a national developer, owner, and manager of commercial real estate.  While Miller's Ale House is a solid national casual dining brand, the proximity to Disney attractions such as Disney's Animal Kingdom, Epcot, and Walt Disney World helped draw additional activity during the marketing phase of the transaction.  Nutt commented, “In today's market, investors not only want a solid corporation behind the lease, they want to know that a location is set up for long term success, no matter what the industry.”  Nutt continues, “This is just a great restaurant site, truly catered to Ale House's core market. Area anchors, Publix and Target provide an added bonus.”  The transaction closed showing a sale price of roughly $650 per square foot.
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