“This asset in particular is unique as it benefits from the significant customer draw of the Sawgrass Mills Mall--one of South Florida's best malls,” Blanco says. “Low interest rates coupled with few new developments will continue to fuel strong pricing for retail properties like this one.”

Calkain also closed the sale of a newly constructed 7,972-square-foot investment property in Kissimmee leased to Miller's Ale House on a long-term, triple-net basis. Calkain's Patrick Nutt brokered the transaction, providing exclusive representation to the seller, Insite Kissimmee, LLC, a national developer, owner and manager of commercial real estate. The buyer was a local investor seeking a passive, income-producing asset. The asset sold for about $650 per square foot.

“In today's market, investors not only want a solid corporation behind the lease, they want to know that a location is set up for long term success, no matter what the industry,” Nutt says. “This is just a great restaurant site, truly catered to Ale House's core market. Area anchors Publix and Target provide an added bonus.”