Calkain’s Fernandez arranges $5.73 million sale of Washington, DC Metro Applebee’s

FREDERICK, MD & WARRENTON, VA — Rick Fernandez, senior managing director of Calkain Companies, recently brokered the sale of two Applebee’s restaurants, one in Frederick, MD and the other in Warrenton, VA. Sold individually, the properties were purchased by private investors in a 1031 exchange.
Fernandez commented, “The buyers were looking for long term stabilized real estate with solid fundamentals and no landlord responsibilities.”  He continued, “The long operating history, ideal casual dining locations, demographics and tenant guarantee were critical to closing the deal.”  Calkain’s national platform and reputation as the leading provider of NNN investment property delivered multiple offers allowing the seller to choose the most favorable closing terms. 

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