Calkain Cos. brokers a $1.8 million investment sale of a KFC ground lease in Henrico County
- November 22, 2011
Calkain Cos., a national real estate investment brokerage firm in Reston, has completed the sale of an investment property ground leased to KFC on a long- term, triple-net basis. It said the purchaser was a private investor in a 1031 tax deferred exchange who was seeking a passive, incoming-producing asset leased to a national tenant. The property is located in a shopping center anchored by a Home Depot and Best Buy in the Glen Allen community of Henrico County.
“The location, tenant and lease terms for this KFC offered the type of stable asset that investors are focused on purchasing in the current environment …” Rick Fernandez, Calkain’s managing director, said in a statement.
Calkain is a brokerage firm that focuses on single and multi-tenant retail, industrial, hotel and office net-leased transactions.