Calkain Companies Brokers 5% Cap Rate CVS Ground Lease in Clermont, FL

Clermont, FL, June 29, 2014 --(PR.com)-- Calkain Companies recently brokered the sale of a CVS ground lease on a major corner in the thriving Orlando sub-market of Clermont, FL. Calkain Managing Directors Rick Fernandez and Michael Zimmerman represented the seller of the property, providing marketing, transaction support services and a “hands-on-until-it-closed” approach to the entire sales process. The buyer viewed the location, strong credit of the tenant and the landlord friendly net lease terms as the critical factors in acquiring the property.

“Our marketing approach continues to yield record setting cap rates,” said Fernandez. Zimmerman added, “Calkain’s national reputation as the leading provider of net lease investments draws investors from around the globe. We were able to secure multiple offers providing our client with the most favorable closing options.” The transaction closed within the last thirty days and is recorded in the public record.