Two NNN Net lease Transactions Totaling $4,610,000.

March 29, 2010 - PRLog -- Tampa, FL — Calkain Companies, a national real estate investment brokerage firm, close Two NNN Net lease Transactions Totaling $4,610,000. The properties were a TGI Friday's location in Garner, NC and a Walgreen's pharmacy site in Providence, RI, both of which closed in March.

Patrick Nutt, Senior Associate of Calkain Realty Advisors, the private market division of Calkain Companies, represented the buyers in both transactions. Nutt commented, "These two deals are symbolic of the two types of transactions happening today". Nutt continues, "The purchaser of the TGI Friday's location, AMSTIN, LLC, is a private investor focused primarily on the quality of the underlying real estate, while the second transaction, purchased by FQWG, LLC, was purchased completely based on the creditworthiness of the tenant, allowing the buyer to utilize a CTL loan."

CTL or Credit Tenant Lease loans became a popular form of financing over the past year as debt proved hard to obtain.  Walgreens locations have been favorable candidates, as they sign long term leases of 25 years in length and are an investment grade tenant, rated "A" by Standard and Poors.  These loans are fully amortizing over the remaining term of the lease with a Loan to Value ratio often able to exceed 90%.

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!