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

NNN Leased Investment 

                                              Asking Price $495,000  CAP Rate 7.58%

                                               1710 S. Loudon Street  Winchester, VA

LEASE SUMMARY

Net Operating Income      $37,500

Rent per Month                $3,125

Rent per Sq. Ft.                $13.20

Rentable Sq. Ft.                2,840 sf

Land Area                        16,949 sf

Tenant Name                   Airgas, Inc.

Website                           www.airgas.com

Credit Rating                    S&P: BBB Stable               

Ownership Type               Fee Simple

Lease Type                      NN

Landlord Responsibilities            Roof & Structure

Lease Term                      5 years

Lease Comm.                   Sep 1, 2010

Lease Exp.                       Aug 31, 2015

Increases                          3% from 2013

Options                            Six (6), five (5) year

HIGHLIGHTS

• Low price point
• Stable tenant since 1977
• Industrial/Retail uses permitted
• S&P BBB Stable | NYSE: ARG
• Great location on well-traveled street
• In dense retail and residential market

Great location on well-traveled street in dense retail and residential market 

LOCATION OVERVIEW

For More information Contact:

 Betty Learned Friant, CCIM

Vice President

(793) 787-4714

bfriant@calkain.com

You may visit our website

www.calkain.com

to view the entire NNN Leased Investment Properties 

  

CALKAIN REALTY 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.

NNN Ground Lease Mcdonalds For Sale

NNN Leased Investment 

                                                    NNN Ground Leased Mcdonalds 

                                           

                           Asking Price $1,579,000  CAP Rate 5.02%

                                     

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

LEASE SUMMARY - ABSOLUTE NNN

CAP Rate 08/12 5.02% Landlord Responsibilities None Lease Term 20 years Lease Type Ground Lease Lease Expiration 08/21/2027 Net Operating Income $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.

You may visit our website

www.calkain.com

to view the entire NNN Leased Investment Properties 

For More information Contact: Teal Henderson Associate (813) 282-6000 thenderson@calkain.co

Triple Net (NNN) Leased PNC Bank For Sale

NNN Lease Investment properties

NNN Net Leased PNC Bank 

Asking Price $6,285,714 | CAP Rate 7%

3607 West Chester Pike | Newton Square, PA

LEASE SUMMARY

NOI $440,000 Rentable SF 3,679 +/- Land Area 1.1 Acres Ownership Type Fee Simple Credit Rating S&P: A+ Parking Spaces 25 Spaces

Lease Type NNN Lease Term 15 years Lease Commencement May 2007 Lease Expiration April 2022 Increases 10% @ 10 years Options Three (3), Five (5) Year

INVESTMENT HIGHLIGHTS Debt must be assumed (5.71%, 30 Year Amort, Due in 2016) High Traffic Count Irreplaceable Location (38,000 VPD) S&P A+ Rated Tenant (Ticker: PNC) NNN Absolute Net Ground Lease No Landlord Responsibilities Philadelphia MSA 10.5 Years remaining on Lease 10% Increase in 5 Years DEBT Assumable financing at 5.71%, 30 Year Amortization due 12/16 comes with the property. Balance as of August 2011 is $4,476,837 and the balance at maturity is $3,985,000. Debt must be assumed. EQUITY REQUIRED $1,808,877
INVESTMENT HIGHLIGHTS Debt must be assumed (5.71%, 30 Year Amort, Due in 2016) High Traffic Count Irreplaceable Location (38,000 VPD) S&P A+ Rated Tenant (Ticker: PNC) NNN Absolute Net Ground Lease No Landlord Responsibilities Philadelphia MSA 10.5 Years remaining on Lease 10% Increase in 5 Years DEBT Assumable financing at 5.71%, 30 Year Amortization due 12/16 comes with the property. Balance as of August 2011 is $4,476,837 and the balance at maturity is $3,985,000. Debt must be assumed.

You may visit our website www.calkain.com to view the entire NNN Leased Investment Properties  For More information Contact:
Michael O'Mara Vice President 617.744.9115 momara@calkain.com	Richard Murphy Managing Director781.694.0410 rmurphy@calkain.com