NNN Lease Investment Property Sold

NNN Lease Investment


 NNN Lease Investment Property Sold in Washington,DC

Calkain NNN Investment Advisors recently completed the sale of a NNN investment property in Washington, DC. The purchaser, a private 1031 investor, seeking a stable, credit rated, income-producing asset. The sale, closing at over $1,154 per square foot, broke the record previously set by Calkain for a NNN investment sale.

Rick Fernandez, Managing Director of Calkain Urban retail  Investment Advisors, represented the seller in the transaction and Calkain Managing Director, Jerry Burg, represented the buyer on the purchase of the CVS on Columbia Road in Adams Morgan. “The Adams Morgan CVS is well situated in a grocery anchored, dense, high traffic, urban location within a diverse residential and retail community,” explained Fernandez. “The investor understood that this CVS not only provided a stable income stream backed by a strong credit rated corporate tenant, but also a highly adaptable asset with rock solid generational value,” continued Burg.

The seller reviewed multiple offers from across the country before closing with a private investor who was working with Burg to identify $35MM in NNN investment properties for a 1031 exchange. The transactions 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.

NNN Investment Property In Washington DC For Sale

NNN Leased Investment

NNN Investment Property  | Washington, DC

                                                                      NOI $360,000

                                  1901 14th STREET NW | WASHINGTON, DC 20009 [map]

LEASE SUMMARY

Rentable SF                      9,000+/- sf

Land Area                        4,240+/- sf

Tenant  Matchbox

Website                            matchboxchinatown.com

Ownership Type                Fee Simple

Lease Type                       NNN

Landlord Responsibilities   None

Opening                            Fall 2012

Lease Commencement      2012

Lease Expiration               2022

Increases                          3% Annually

Options                            Two (2), Five (5) year

HIGHLIGHTS

$3,000,000 in tenant made restorations and improvements to building

Dense urban in-fill location along 14th Street/U Street Corridor

On the corner of 14th and T Streets, surrounded by new mixed-use developments

NNN lease with 3% annual escalations

Popular DC restaurant concept

Established operator with 6+ restaurant locations

Location has high barriers to entry and long term intrinsic value

DC population grew by over 40% in the last decade

LOCATION OVERVIEW

You may visit our website

www.calkain.com

to view the entire inventory of

available properties.

For More information Contact:

RICK FERNANDEZ

Managing Director

(703) 787-4714

rfernandez@calkain.com

ANDREW FALLON

Assistant Vice President

(703) 787-4714

afallon@calkain.com

Benefits of NNN Leased Investments

Benefits of Urban NNN Leased Investment Properties

There are many emerging factors which make investment in urban areas more appealing. The long term rise in oil prices along with increased traffic and congestion has translated into a rising desire for proximity to public transit, which has made urban living more desirable. To illustrate this fact, suburban households typically spend 25% of their budgets on transportation, compared to 9% for urban households. Subsequently, the number of households desiring to be within one-half mile of urban transit is expected to double, reaching 14.8 million by 2025.

Besides concerns about transportation, other factors are also making urban investment more appealing. The younger generation, so called "echo-boomers" or "Generation Y" is 50% more likely to live in urban areas. It has also been recorded that the top 100 MSAs (Metropolitan Statistical Areas) generate 75% of the U.S. GDP and 66% of its jobs, while only making up 12% of its land mass. Furthermore, the top 10 MSAs are home to 33% of the nations "knowledge jobs" and 27% of its research universities. In an economy which is increasingly based on technology and is in-fact referred to as the "knowledge economy", these numbers point to increased viability and prosperity for urban areas.

Lastly, the retrofit-ability (or reusability) of a particular urban property is typically much greater than standard suburban real estate. Urban properties usually require less identity-driven structures and tenants are comfortable in a specific space mainly because its location. Therefore, if a new tenant is ever needed to fill a specific property, the options of that tenant are much larger than a specifically designed building for the previous occupant.

www.calkain.com

NNN Retail Condo in DC For Sale

 NNN Leased Investment 

  

                                                    NNN Retail Condos  Washington DC

                                   Asking Price $2,955,000  NOI $218,672  CAP Rate 7.4%

1133 - 1135 14th Street NW | Washington, DC 20005

Property Conveyed at Closing

Condo Unit 1133        CulinAerie

Condo Unit 1135        Daily 14 Newsstand-Deli

Parking Spaces            6

In-Building Storage Units      2

Rentable Area of Units 1133, 1135    4,725 sf

Investment Highlights

NNN Leases with 3% annual escalations

Prime street level retail with High Barriers to Entry and Private Ownership

Situated at Massachusetts Avenue/14th Street crossroads 20,000+ ADT

Dense downtown location surrounded by office, hotel, retail and residential

Location Overview

You may visit our website

www.calkain.com

to view the entire NNN Leased Investment Properties 

For More information Contact:

RICK FERNANDEZ

Managing Director

(703) 787-4714

refinanced@calkain.com

ANDREW FALLON

Assistant Vice President

(703) 787-4714

afallon@calkain.com

CALKAIN URBAN INVESTMENT ADVISORS

a division of Calkain Companies

W A S H I N G T O N   D C | F L O R I D A |  M A R Y L A N D  |  D E L A W A R E | B O S T O N

The information herein is provided to us by sources deemed reliable, but no warranty or representation is made to its accuracy. Offering is subject to corrections and errors, omissions, prior sale, change of price and/or terms or withdrawal from the market without notice. This information is for guidance only and does not constitute all or any part of a contract.

NN Verizon Wireless Investment Property in Jacksonville, FL

NNN Lease Investment 

Asking Price $2,425,807 | CAP Rate 7.75%

AIRPORT CENTER DRIVE | JACKSONVILLE, FL 32218

LEASE SUMMARY

NOI $188,000 Square Footage 4,000 sf Land Area 1.25 acres Tenant Verizon Wireless Website www.verizon.com Credit Rating S&P: A-

Guarantor Corporate Lease Type NN Lease Term 10 years Rent Commecement Est. Jan 15, 2012 Options Two (2), five (5) year Increases Every 5 years

HIGHLIGHTS Pad site to 850,000+sf Retail Power Center New Construction between McDonald's and Chic-Fil-A Investment Grade Tenant – S&P A- Rent increases every 5 years

LOCATION OVERVIEW

You may visit our website www.calkain.com to view the entire NNN Leased Investment Properties   Patrick Nutt Associate Vice President (813) 282-6000 patrick.nutt@calkain.co For More information Contact:  Scott Black Associate (813) 282-6000 sblack@calkain.com

NNN McDonald's Investment Property in FL

NNN Leased Investment 

Asking Price $1,649,000 | CAP Rate 4.8%

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2199 W Highway 98 | Mary Esther FL 32569 [View Map]

LEASE SUMMARY - ABSOLUTE NNN

CAP Rate 08/12 4.8% Landlord Responsibilities None Lease Term 20 years Lease Type Ground Lease Lease Expiration 08/21/2027 Net Operating Income $72,000 Net Operating Income08/12 $79,200

Tenant Name McDonalds Website www.mcdonalds.com Guarantor McDonalds Store Open Aug 2007 Increases 10% every 5 years Options Four (4), five (5) year Rentable SF 3,826 sf Land Area 0.84 acres

HIGHLIGHTS

• RARE Florida McDonald's guaranteed ground lease with 16 years left on Hwy 98 in Fort Walton Beach area.
• Bustling McDonalds located on hard corner of Highway 98 and Parish Boulevard.
• New interior concept with the dark wood and modern seating.
• This site also enjoys the new split double drive through lanes with 2 separate menu ordering staging areas that maximize drive thru sales.
• Excellent traffic counts of over 47,000 daily making this hard corner one of the 5 top traffic counts in Okaloosa County.
• Located near the Eglin Air Force base, the nation's largest AFB.
• New architecture building completed in 2007, there are 16 years left on the initial term with additional 20 years in options.
• 10% increases every 5 years with 1st increase in less than a year.
• This is an absolute triple net ground lease.
• The tenant constructed and paid for the building. Upon lease expiration, ownership of the building reverts to the owner of the land.

LOCATION OVERVIEW

For More information Contact:  Teal HendersonAssociate(813) 282-6000 thenderson@calkain.com

You may visit our website

www.calkain.com

to view the entire NNN Leased Investment Properties