NNN Burger King Sold

Florida NNN Burger King Sold. Patrick Nutt, Senior Associate of Calkain Realty Advisors, the private market division of Calkain Companies, represented both parties in this transaction.
By: calkain
 
March 15, 2010 - PRLog -- Patrick Nutt, Senior Associate of Calkain Realty Advisors, the private market division of Calkain Companies, represented both parties in this transaction. Nutt commented, "The real estate was the driving force on this deal. It's a quality corner where the tenant has occupied the space for a very long time." Nutt continued, "Even after seeing effective rents in the market decrease over the past two years, the existing lease is well below market, offering the buyer potential upside at the end of this lease term."

This sale marks the third closing in less than a month for Nutt, possibly signaling a turn in the perception of the investment market. Nutt remarked, "If you have a high credit tenant or high quality real estate, there is considerable demand for those assets, often attracting cash buyers looking to capitalize on the higher returns offered in net lease investments compared to the historically low interest rates of a traditional certificate of deposit or money market account."

Calkain is a full service real estate brokerage firm with a national scope focusing on single and multi tenant retail, industrial and office net-leased transactions.  Calkain has offices in Reston, VA (Washington, DC), Tampa, FL, and McHenry, MD.  Additional information about the firm and its listings may be found at www.calkain.com.

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Calkain Companies, Inc. where triple net lease properties are the focus of our business. Working through the net lease investment process with our clients is the basis and foundation our firm. We are your source for investment real estate!
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Source:calkain
Email:***@calkain.com Email Verified
Zip:20190
Tags:Nnn, Burger, King, Sold, Florida
Industry:Commercial real estate
Location:Reston - Virginia - United States
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