Monday, April 23, 2012

The Boulder Group Arranges Sale of a Triple Net Leased Time Warner Cable Property in the Dallas MSA



The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant triple net leased Time Warner Cable property located at 14079 Senlac Drive in Farmers Branch, TX for $4,820,000.

Time Warner Cable is the sole occupant of the 40,000 square foot industrial building that was developed in 1996. The property is located on a 4.86 acre parcel in Farmers Branch, TX. Farmers Branch is located in the northeast portion of the Dallas MSA. The property featured a high end building combined with a newly renewed lease to an investment grade rated tenant.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller; a Midwest based partnership, in the transaction. The buyer was a high net worth individual investor.

Time Warner Cable had seven years of lease term remaining on a triple net lease with annual rental escalations in the primary term. Time Warner Cable is a publicly traded company on the New York Stock Exchange (TWC) and the company has an investment grade credit rating by Standard and Poor’s of BBB.

“The market for net leased industrial properties remains strong and investors are particularly focused on higher quality tenants in major metros, therefore this was a sought after asset.” ” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Despite the increased demand for long term single tenant assets, there are investors willing to purchase shorter term assets in order to achieve higher yields in major markets.”

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 arranged 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


Friday, April 20, 2012

The Boulder Group Arranges Sale of a Single Tenant McDonald’s Ground Lease in the Chicago MSA


                 The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant McDonald’s ground lease located at 3711 57th Avenue in Kenosha, WI for $1,050,000.

McDonald’s is the sole occupant of the 4,467 square foot retail building that was developed in 2011. The property is located on a 1.88 acre parcel at the northeast corner of Green Bay Road and Washington Road in Kenosha, WI. The property is benefitted by its strategic position next to CVS and other nearby retailers including Wal-Mart and Sam’s Club. The property features a newly developed property with a twenty year lease (with rental escalations) in a prime location between Milwaukee and Chicago.  The property has curb cuts for ingress and egress on both Washington and Green Bay roads.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented both parties in the transaction; the seller, a Chicago based development firm and the buyer, a private investor based in the Midwest.

McDonald’s has a new twenty year ground lease at this property with rental escalations throughout the lease term. McDonald’s is a publicly traded company on the New York Stock Exchange (MCD), with a market capitalization of $102 Billion. McDonald’s is an investment grade rated company with a Standard & Poor’s rating of A and has over 33,000 restaurants worldwide.

“The market for McDonald’s ground leases remains active as investors are attracted to investment grade tenanted properties with long term leases under $2 million dollars.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “The lack of newly developed single tenant properties is causing prices to increase for core assets, similar to this particular McDonald’s transaction.”

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 arranged 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

Friday, April 6, 2012

The Boulder Group Publishes 1st Quarter Net Lease Market Research


(Northbrook, Illinois - April 6, 2012) – The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 1st quarter activity in the National Net Lease Market.

Highlights from the report are as follows:

  • Net lease property cap rates compressed in the office and industrial sector
  • Retail cap rates increased as supply increased sharply during the quarter
  • Drugstore, Auto Parts and Ground Leased properties remain sought after assets

The full report can be viewed online at http://www.bouldergroup.com/research.html


 

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in single tenant 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 arranged 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 on the firm can be found on The Boulder Group’s website at www.bouldergroup.com