The Boulder Group, a national single tenant net lease investment brokerage firm, has been named the exclusive advisor for the sale of a Wendy’s property in Midlothian, Illinois.
The investment sales team will be led by Boulder Group President Randy Blankstein and partner Jimmy Goodman who are marketing the property on behalf of a private Chicago based family trust. The property is listed for sale with an asking price of $725,000 which provides an initial cap rate of 9.38%. The property is free and clear of debt.The property is located less than 20 miles from downtown Chicago. The property was originally a built to suit for Wendy’s and they have been at this location for over thirty-two years. This is an ideal location for Wendy’s as it is located on a heavily trafficked roadway in a dense Chicago suburb. The property features a pylon sign and has a drive-thru lane for added customer convenience.
Midlothian is a southwest suburb of Chicago, featuring dense neighborhoods and home town living. Midlothian benefits from its close proximity to three major interstates including I-294, I-80, and I-57. Each of these major thoroughfares provide convenient access to downtown Chicago and both Chicagoland airports. Furthermore, the property is located a half-mile from Midlothian’s Metra Train Station.
Wendy’s is strategically located along Cicero Avenue just south 147th Street. There are over 35,700 vehicles passing the site daily providing a steady flow of traffic. The surrounding area includes multiple grocers and regional retail attractions.
About The Boulder GroupThe 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 $1.2 billion of net lease real estate transactions through several real estate cycles. The firm’s internet address is www.bouldergroup.com