Reston, VA, January 11, 2010 – Calkain Companies, a national real estate investment brokerage firm, has brokered the sale of two parcels in Dallas, TX sold by 7-Eleven, Inc. Calkain represented the buyer, a private investor, in the transaction which included a sale-leaseback on one parcel and the sale of adjacent land. The buyer was attracted to both the credit of the lessee, 7-Eleven, Inc., as well as the adjacent vacant land that represents a future development opportunity given that it is well located and adjacent to a shopping center.
Sometimes known as a sale/leaseback or sale and leaseback, it is a transaction where in the owner of a property sells that property and then leases it back from the buyer. The purpose of the leaseback is to free up the original owner’s capital while allowing the owner to retain possession and use of the property. The type of property involved can be anything from residential or commercial real estate to equipment or vehicles.
Calkain Companies, Inc. is a national, commercial real estate firm, focusing on net lease investments, that provides brokerage and consulting services for both private and institutional clientele. The Company is comprised of four distinct divisions, Calkain Realty Advisors, Calkain Institutional Advisors, Calkain Opportunity Services and Calkain Site Services. We have utilized an extended network of solid relationships to successfully complete nearly $5 billion in sales and have consistently ranked as one of the Top National Net Lease Investment Brokerage Firms. Core values such as integrity, honesty and innovation have helped secure our position as a leader within the net lease industry. 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.