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.

Net Lease Podcast

Net Lease Press Releases



 Net Lease Podcast 


You'll be happy to know iTunes has posted our new podcast under New & Noteworthy for Business > Investing, as seen in the attached screen cap. This episode features Jonathan Hipp and Sam Chandon reviewing 2012 and looking forward to 2013. 

Here is the iTunes link where you can listen:

https://itunes.apple.com/us/podcast/calkain-net-lease-podcast/id631770417

I encourage everyone to take advantage of this new media outreach model and participate in future episodes. If there is a topic you'd like to promote - could be anything including tenants, locations, market trends, advice etc - just let me know and I'll get you on the air.  

Thanks!

NNN IHOP in Leesburg, VA Sold!!

Net Lease Press Releases

Calkain Companies recently completed the sale of a NNN IHOP in Leesburg, VA. The restaurant has been operating in this location since 1997 and was purchased by a private investor from the Washington, DC area. This IHOP is located in a popular Wal-Mart shopping center on the Route 15 Bypass just off the Dulles Toll Road approximately 45 minutes from our Nation’s Capital.

Betty Friant, Vice President of Calkain Realty Advisors, identified the asset and ultimately procured the transaction. “Realizing the lack of available opportunities for high quality single tenant assets in Virginia, this asset never hit the market,” explains Friant. She continues, “It was solely due to the efforts of Calkain that the transaction occurred. With only 5 years remaining on the lease, the seller was happy to find a buyer.” The transaction closed in the past thirty days.

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 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.

David Sobelman Will be a Featured Moderator at the ICSC

Net Lease Press Releases

David Sobelman, executive vice president of calkain companies, will be a featured moderator at the ICSC Net Lease property panel in Las Vegas 

ICSC is hosting the first ever Net Lease Property Panel Discussion to take advantage of the confluence of attendees at the RECON conference. Hear from the industry's foremost and dynamic practitioners. Topics to be discussed are:

• Developer issues and dynamics of today's single tenant properties
• Institutional investments and trends of net lease properties
• Brokerage perspectives and market analysis
• Legal issues when working with single tenant properties

David has been with Calkain since its inception. While not only charged with overseeing the operations and transactional activity for the firm, David works with our exclusive clients.

A critical part to the expansion and development of Calkain, David has been a part of the divisional growth of the firm into private-market and institutional transactions and due diligence assessments.

David is considered by many as an expert in his field and is consistently sought out for his opinion and counsel.

RECon conference is the global convention for the shopping center industry and provides networking, deal making and educational opportunities for retail real estate professionals from around the world. With over 30,000 attendees and 1,000 exhibitors it is the largest industry convention, making it an unparalleled opportunity to do a year's worth of business in just three days!  So if you are looking to meet with retailers to discuss new or existing leases in your center, then you need to have a presence at RECon.

www.calkain.com