The Boulder Group Completes Sale of a Ground Leased Logan’s Roadhouse Property in Salina, KS

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a ground leased Logan’s Roadhouse property located at 3050 Riffel Drive in Salina, KS for $1,446,000.

The 6,533 square foot building was developed in 2008. The property is located just off the heavily traveled intersection of Schilling Road and South 9^th Street. The building is adjacent to a Wal-Mart Supercenter, Courtyard Marriott and a Hampton Inn. The property is ground leased on an absolute net basis to Logan’s Roadhouse for a 20 year lease term. Logan’s Roadhouse is a private company that operates 211 restaurants in 23 states.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The seller was a Kansas based developer and the buyer was a Chicago based high net worth investor.

“Ground leased properties remain in high demand as they offer a secure investment that combines above average rental escalations with zero landlord responsibilities” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “The single tenant marketplace remains active for high net worth individuals looking to diversify their investment portfolios.”

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 website address is www.bouldergroup.com

The Boulder Group Publishes 2nd Quarter Net Lease Market Research Report

The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 2^nd quarter activity in the National Net Lease Market.

Highlights from the report are as follows:

• Net lease property supply increased across the board
• Activity heavily focused on core offerings
• Walgreen’s, CVS and McDonald’s cap rates compressed
• Banks and Drugstores remain the most sought after assets

The full report can be viewed online by clicking here

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. More information can be found on The Boulder Group’s website at www.bouldergroup.com

Triple Net Leased ConocoPhillips Property Sold By The Boulder Group

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased ConocoPhillips property located at 10 S. Randall Road in Algonquin, IL for $5,176,000.

The 43,429 SF parcel was originally developed in 1995. The property is located at the intersection of Randall Road and Algonquin Road in northwest suburban Chicago. The single tenant property is leased on a triple net basis to ConocoPhillips with thirteen years remaining on the lease term.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago based partnership. The purchaser was a private high net worth investor from Atlanta.

“Single tenant properties in major metros with long term leases and annual escalations remain in high demand in the current marketplace” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “The continued transaction volume in the single tenant marketplace remains strong with investors nationwide.”


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 website address is www.bouldergroup.com