Tag: Florida

Outside the Region: Nutt and Barton of Calkain broker sale of Largo, FL shopping center: $2.615 million
May 8, 2019

Outside the Region: Nutt and Barton of Calkain broker sale of Largo, FL shopping center: $2.615 million

nyrej.com

Largo, FL Calkain’s Patrick Nutt and Connor Barton closed the $2.615 million sale of a net-leased multi-tenant strip center at 1001 West Bay Dr.

“This particular asset garnered a lot of interest from local buyers. As an outparcel to a Publix-anchored center, the asset provided the buyer with security moving forward and ease of management with NN leases,” said Barton, a investment sales associate at Calkain. Nutt said, “The buyer received financing at 50% LTV, providing him with positive leverage and the ability to achieve a higher yield.”

This asset was constructed in 2006 and has four national tenants …

TAGS: BARTON, FLORIDA, FLORIDACRE, LARGO, MULTI-TENANT, NET LEASE, NUTT
Amanda WillisOutside the Region: Nutt and Barton of Calkain broker sale of Largo, FL shopping center: $2.615 million
What’s Up In The Real Estate Market…
August 6, 2018

What’s Up In The Real Estate Market…

Staff Delray Newspaper
Boca-based Rosemurgy Properties acquires new assets

Rosemurgy Properties recently acquired two new retail assets. One is a 14,750-square-foot CVS Pharmacy located at 4191 West Indiantown Road in Jupiter. The second a 2,150-square-foot Starbucks Coffee at 2209 SW Gatlin Boulevard in Port St. Lucie that opened in Feb. 2018.…

TAGS: CRE, DELRAY NEWSPAPER, FLORIDA, NET LEASE, NUTT
Amanda WillisWhat’s Up In The Real Estate Market…
Will Hurricane Irma Dissuade Florida Investors?
September 21, 2017

Will Hurricane Irma Dissuade Florida Investors?

Jennifer LeClaire GlobeSt.com

Doug Aronson, a net lease broker and managing director in Calkain’s South Florida office, sounds off in this exclusive interview.

…
TAGS: ARONSON, FLORIDA
Traci BidingerWill Hurricane Irma Dissuade Florida Investors?
August 31, 2017

Calkain Closes its Latest Wave of Wawa Sales

Calkain Media

Patrick Nutt Closes His 23rd Net Lease Wawa Transaction

Fort Lauderdale, FL – Calkain Companies brokered the $6.13M sale of a Wawa located at 1771 S Congress Avenue in West Palm Beach, Florida.  Patrick Nutt, Managing Partner, and Scott Campbell, Associate Director at Calkain, represented the seller in this most recent Wawa transaction.  With new construction and 20 year ground leases, the stability of Wawa lends itself to be a solid fixed income investment.

Wawa is a highly sought after investment grade national tenant, ranked #40 in Forbes top private companies with $9B in revenue. Having closed two Wawa …

TAGS: FLORIDA, NUTT, WAWA
Traci BidingerCalkain Closes its Latest Wave of Wawa Sales
2017 Florida Net Lease Report
August 25, 2017

2017 Florida Net Lease Report

Florida garnered the nickname “The Sunshine State” nearly 50 years ago as it grew its tourism industry into one of the leading sectors of the local economy.  Drawn to sunny skies and white sand beaches, visitors from around the country made their way to Florida with friends and family.  …

TAGS: FLORIDA, NET LEASE REPORT
Traci Bidinger2017 Florida Net Lease Report
Calkain Companies’ Rick Fernandez Sells $2.48M Dunkin’ Donuts/Baskin-Robbins
May 30, 2017

Calkain Companies’ Rick Fernandez Sells $2.48M Dunkin’ Donuts/Baskin-Robbins

Calkain Media

Herndon, VA – Rick Fernandez, Senior Managing Director of Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of a NNN Dunkin’ Donuts and Baskin-Robbins in Oldsmar, Florida for $2.475M at a cap rate of 5.32% on in place income.…

TAGS: CALKAIN, CAP RATE, CRE, FERNANDEZ, FLORIDA, INVESTMENT, NET LEASE, NNN, NNN RETAIL
Traci BidingerCalkain Companies’ Rick Fernandez Sells $2.48M Dunkin’ Donuts/Baskin-Robbins
Calkain Sells Fifth PDQ Restaurant Property
February 8, 2017

Calkain Sells Fifth PDQ Restaurant Property

Calkain Media

Fort Lauderdale, FL – Calkain Companies, America’s Net Lease Company, has sold another PDQ restaurant property bringing to five the number of PDQ’s the firm has sold on behalf of the parent corporation and its related entities. The property, outside Jacksonville, Florida, traded for $3,000,000.00.

PDQ is becoming a better known national chicken concept as they now have nearly 60 units operating in eight states,” said Patrick Nutt, Managing Partner at Calkain.

“Investors seem to have an affinity for the quality real estate and high traffic generated at a PDQ location, and with the growing brand comes improving creditworthiness, all …

TAGS: ARONSON, CALKAIN, CAP RATE, CRE, FLORIDA, NET LEASE, NNN, NUTT, PDQ, STNL
Traci BidingerCalkain Sells Fifth PDQ Restaurant Property
Calkain Brokers Sale of Two-Tenant Strip Center in St. Petersburg, Florida
October 20, 2016

Calkain Brokers Sale of Two-Tenant Strip Center in St. Petersburg, Florida

Calkain Media

Ft. Lauderdale, FL – Calkain Companies has brokered the sale of a two-tenant strip center in St. Petersburg, FL. The property, featuring new 10-year leases with Sleep Number and BayCare Urgent Care, along with a Wells Fargo ATM, traded for $3,900,000 representing a 6.01% cap rate.

“Like a lot of our Florida properties, this center garnered a lot of interest,” said Patrick Nutt, Managing Partner at Calkain. “Considering the location, this was one of the higher yielding assets due to the multi-tenant structure and investors quickly took notice,” added Nutt.

The property was built new in 2016 and offers excellent …

TAGS: ARONSON, CALKAIN, CRE, FLORIDA, NNN RETAIL, NUTT, RETAIL, TRIPLE-NET
Traci BidingerCalkain Brokers Sale of Two-Tenant Strip Center in St. Petersburg, Florida
Walmart’s Second Expansion Into Central Florida
September 21, 2016

Walmart’s Second Expansion Into Central Florida

Jonathan Hipp GlobeSt.com

Walmart’s plan to open a new distribution center is now moving forward in the city of Cocoa. This will be Walmart’s second distribution center in Central Florida, the first being a 2.2 million square-feet e-commerce facility in Davenport, Florida. The new facility will be situated on a 146 acre with 592,830 square-foot building scheduled to finish construction by end of 2018. This new plan is estimated to generate $96.2 million in new capital for Cocoa and also create 239 jobs while the Davenport facility will be creating 1,000 new jobs. Walmart is also planning to open a Supercenter and Neighborhood …

TAGS: CAP RATE, FLORIDA, NET LEASE, WALMART
Traci BidingerWalmart’s Second Expansion Into Central Florida
September 9, 2016

Florida Family Dollar Sold by Calkain’s Nutt and Campbell

Calkain Media

Fort Lauderdale, FL – Patrick Nutt, Managing Partner of Calkain Companies, America’s Net Lease Company®, along with Associate Director Scott Campbell, recently sold a Family Dollar in Melbourne, Florida. The South Florida brokerage team generated multiple offers for the property and were able to sell the asset at 98% of the asking price.  The standalone Family Dollar has a brand new 15 year NNN lease, making it an attractive deal for investors looking for real estate in the income tax free state of Florida.

Nutt commented,

Investors are seeing an inherent value in the dollar store space, specifically with

…
TAGS: 1031 EXCHANGE, CAMPBELL, CAP RATE, CAP RATES, CRE, FLORIDA, NNN RETAIL, NUTT
Traci BidingerFlorida Family Dollar Sold by Calkain’s Nutt and Campbell

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