Calkain Companies brokers $2.8 million sale of McDonald’s ground lease in Winchester
- October 29, 2012
Calkain Companies, a national net lease real estate brokerage firm based in Reston, recently brokered the sale of a McDonald’s ground lease for $2.8 million. Located in Winchester, the property is on a leading pad site to Rutherford Crossing, the region’s premier shopping center. Anchored by Lowe’s and Target, Rutherford Crossing includes more than 400,000 square feet of retail, shop and restaurant space.
Calkain’s Rick Fernandez, managing director, and Betty Friant, vice president, represented the developer-seller.
According to Calkain, the transaction, with a 4.9 percent cap rate, closed within the last thirty days. Calkain specializes in assisting buyers and sellers with single and multi-tenant retail, industrial, hotel and office net leased transactions. It has multiple office locations throughout the Mid-Atlantic, Southeast, Northeast and Midwest.