Tag: Winchester

Fallon Sells Chick-fil-A in Winchester, VA at 4.12% Cap Rate

Herndon, VA – Calkain Companies’ Andrew Fallon, Executive Managing Director, recently represented the seller of the Chick-fil-A in Winchester, VA. The ground lease property, located in the Rutherford Crossing Shopping Center anchored by Target and Lowe’s, is subject to a long-term ground lease with favorable terms and structured rent escalations.  Fallon sold the Chick-fil-A ground lease for $3,000,000, a 4.12% Cap Rate, to a 1031 exchange cash buyer. This sale marks the lowest Chick-fil-A cap rate in Virginia. Fallon commented, “Our marketing efforts attracted multiple bids and we were able to identify and select the right buyer for the property.”…

Traci BidingerFallon Sells Chick-fil-A in Winchester, VA at 4.12% Cap Rate