Thursday, October 14, 2010

The Boulder Group Completes Sale Leaseback of Triple Net Leased Chili’s Property for $1.6 Million

The Boulder Group, a single tenant investment real estate services firm, completed the sale of a triple net leased property in Kansas City, MO for $1.6 million. The 1.56 acre parcel contains a 5,738 square foot building that is leased to Chili’s on a 20 year lease.

The property is located just off I-29 and is in close proximity to Wal-Mart, Lowe’s, Hobby Lobby, Dillard’s, Dick Sporting Goods and CVS. The property address is 8350 NW Roanridge Road in Kansas City, MO.

Randy Blankstein of The Boulder Group represented the buyer, a Chicago based private investor. The Chili’s franchisee, the seller, was represented by Eric Gonsher of The R.H. Johnson Company.

“In addition to providing a high yield combined with a long term lease the property has excellent real estate fundamentals” said Randy Blankstein. “The location just off of the interstate combined with the properties position within the retail trade corridor makes this location irreplaceable”

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has participated in the acquisition and disposition of more than $1.1 billion of net lease real estate transactions through several real estate cycles.