Triple Net Leased Wendy’s Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Wendy’s property located in Midlothian, IL for $685,000. The 3,000 square foot building sits on a 35,619 SF parcel and is 100% leased on a short term basis to Wendy’s.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented both parties in the transaction. The buyer was a private individual investor based in Illinois and the seller was a private Midwest partnership.

“There was above average interest level for this corporately leased property as the below $1 million price point was able to attract a wide investor base,” said Jimmy Goodman, Partner of The Boulder Group. Randy Blankstein, President of The Boulder Group, added, “Despite limited nationwide investment sales activity for short term leased single tenant net leased properties, demand in major markets for these types of assets remains strong.”

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 $1.2 billion of net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. The company’s internet address is www.bouldergroup.com

Randy Blankstein, President of the Boulder Group, to Speak at RealShare Net Lease Conference

(Northbrook, IL -March 7, 2011)- Randy Blankstein, President of national single tenant net lease advisory firm The Boulder Group, will be a featured speaker at the RealShare Net Lease Conference in New York on April 13th, 2011. He will be on a panel discussing the Investment Outlook for the net lease market

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 $1.2 billion of net lease real estate transactions through several real estate cycles. The firm’s internet address is www.bouldergroup.com

The Boulder Group Completes Sale of Net Leased Walgreen’s Ground Lease for $2.7 Million in the Chicago MSA

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant property ground leased to Walgreens, located in St, John, IN for $2.74 million. The 63,162 square foot parcel is 100% leased on a long term basis to Walgreen’s.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago based developer. The purchaser was an institutional investor based in the Midwest.

“The combination of a long term ground lease and Walgreen’s credit created multiple offers for this asset. In addition to this asset’s strengths, the market for core triple net properties in the present market environment remains strong” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group added, “Despite the challenge of this unique ground lease with no building improvements, the purchaser recognized the long term value of the land.”

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 $1.2 billion of net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. The firm’s website is www.bouldergroup.com