Burger King sold Calkain Companies
Calkain Companies Sells Lakeland Burger King
Tampa, FL ? Calkain Companies, a national real estate investment brokerage firm, has procured the sale of a 3,352sf single tenant building occupied by Burger King Lakeland, Florida. The site, which sold for $1,474,160, is situated on 1.2 acres along US Highway 98 and has just over ten years remaining on its original triple net lease.
Patrick Nutt, Senior Associate, represented the Buyer, a local private investor, and the Seller, GE Capital Solutions. “This is a pretty typical transaction for the current tumultuous economic times we are experiencing.” Nutt explained, “The buyer was in search of a stable return tied to a tangible asset, rather than losing sleep over the volatility running through Wall Street, and Calkain was able to find a quality investment with fundamentally sound real estate.” Nutt continued, “Even with the current state of the financial sector, the purchaser was able to secure a very competitive loan through a local lending institution.
Calkain Companies, Inc. is a national, commercial real estate firm, focusing on net lease invesments, 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 $3 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.
