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

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