Calkain Companies’ Buyer Broker Services Closes 5.25% Cap Rate on CVS Ground Lease

Fredericksburg, VA, September 21, 2014 --(PR.com)-- Calkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of a $5.23M pad site ground leased to CVS. The property is on a major corner at Cowan Crossing in Fredericksburg, VA.

Calkain’s Rick Fernandez, Managing Director represented the buyer in the sale of the property, providing marketing analysis and transaction support through the sales process. The buyer, in a 1031 exchange, viewed the location, strong credit of the tenant and the landlord friendly net lease terms as the critical factors in acquiring the property. The transaction closed within the last thirty days and is recorded in the public record.

Calkain Companies is a commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant net leased properties through all aspects of the transaction including advisory, brokerage, debt placement, equity placement, asset management and research. Calkain has multiple office locations throughout the Mid-Atlantic, Southeast, Northeast and Midwest. Additional information about the firm and listings may be found at www.calkain.com.