June 24, 2024


Mad about real estate

Calkain Companies Brokers $1.37Mm Nnn ..

Tampa, FL — Calkain Companies, a national real estate investment brokerage firm, has procured the sale of a triple net (NNN) lease investment property. The property, a Dairy Queen restaurant, is located in Courtland, VA.

Rick Fernandez, Calkain Realty Advisors’, the private market division of Calkain Companies, Assistant Vice President, represented the seller in the transaction. “The sale of this NNN Dairy Queen is a strong indication that investors are finding good value in the healthy Mid-Atlantic region”. Fernandez continued, “with our headquarters in the Washington DC Metro area, we see first hand that the availability of financing along with the stable, intrinsic appeal of the region draws investors from across the country.”

The transaction closed in January 2009 and is recorded in the public record.                                                                                                                                                    
Rick is the Assistant Vice President of Calkain’s Realty Advisors group working with private market investors. Rick comes to Calkain from a successful career in the telecommunications industry where he received numerous sales and leadership awards. His experience included executive level leadership of and the opening of the Washington DC market for several competitive communications service providers.

His twenty year career in the industry spanned every aspect of communications services from communications system design and engineering to direct sales for the leading providers of communications hardware, software and voice, data and wireless services.

Rick most recently served as Nextel’s National Director of Custom Network Solutions which developed and designed campus and in-building wireless infrastructure in support of commercial and governmental applications and services carried over the Nextel network.

Rick left Nextel following the merger with Sprint and has quickly immersed himself in the details of the Net Lease investment sector of the commercial real estate market.

Media Contact: David Sobelman | (813) 282.600