April 18, 2024

Jocuri

Mad about real estate

Triple Net (NNN) Lease Wendy’s in Bowie, Md. (SOLD)

Rick Fernandez, Assistant Vice President of Calkain Realty Advisors,  the private market division of Calkain Companies, represented the buyer in the transaction. Fernandez commented, “The buyer reviewed many investment options but ultimately the decision to purchase these triple net (NNN) assets was driven by the strong sales performance of the tenant and solid real estate fundamentals of each location.” Fernandez continued, “Leveraging the assets with a supportive loan was a key component of this transaction and the availability of favorable financing is further evidence of the strength and stability of the Wash DC metro market. 

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.

Calkain has developed a culture that is very much evident, helping to attract and retain the best employees and clients. The general commitment to its clients has made Calkain the industry benchmark for service in the net lease industry. By promoting public service and philanthropy to its employees, Calkain demonstrates its commitment to communities and the issues that surround them.