Calkain Companies recently completed the sale of nine (9) newly developed Fred’s Super Dollar net leased properties located in four (4) primarily Southeastern States. The Arizona-based purchaser, STORE Capital, acquired the portfolio. STORE Capital is the leader in middle market net lease solutions.
Calkain Companies represented the seller of all properties, a real estate developer. This portfolio provided the buyer with a number of well-located real estate assets in predominantly small to mid-size markets throughout the South. Fred’s Super dollar is a national discount retailer with approximately 700 stores. The acquired stores were all newly constructed prototype buildings containing 16,470 SF, on-site pharmacies and drive-up windows, and were typically located on 1.5 to 3.0 acre lots.
Calkain Companies is a commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant retail, industrial, hotel and office net leased transactions. While licensed to conduct business in many states, Calkain has multiple office locations throughout the Mid-Atlantic, Southeast, Northeast and Midwest. Additional information about the firm and listings may be found at www.calkain.com.