The Boulder Group Publishes 3rd 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 2nd quarter activity in the National Net Lease Market.

Highlights from the report are as follows:

• Net lease property cap rates remain unchanged in the retail sector
• Supply decreased 7.8% this quarter for all property sectors
• Ground Leases and Bank properties remain the most sought after assets

The full report can be viewed online at http://www.bouldergroup.com/NLQ3.pdf

 

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 $1.4 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 

The Boulder Group Arranges Sale of a Net Leased Dollar General Property for Full Price in Chicago, Illinois

The Boulder Group, a net leased investment brokerage firm specializing in single tenant assets, has completed the sale of a net leased Dollar General property located at 5701 W. Belmont Avenue in Chicago, IL for $1,693,878.

The 9,500 square foot Dollar General was renovated in 2011 and is located in the northwest portion of Chicago. The building is situated on a 20,922 square foot parcel and is leased for 10 years to Dollar General on a net lease basis.  This property is located in a dense in-fill area and is benefitted by rare parking lot. The demographics for this site were at the top level for a Dollar General with average household incomes near $70,000.  Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB- and has over 9,300 stores nationwide.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago high net worth individual investor, in the transaction. The buyer was a private partnership in a 1031 exchange.

“The demand for major metro net leased properties in the under two million price point exceeds the supply.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Expect activity for single tenant leased Dollar General properties to increase as they are developing a considerable amount of stores and their Standard and Poor’s rating was recently increased to BBB-.”

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 $1.4 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 Arranges Sale of Final Property in a Midwest Net Leased Walgreens Portfolio

The Boulder Group, a net leased investment brokerage firm specializing in single tenant assets, has completed the sale of a net leased Walgreens property located at 1207 North Randall Road, Aurora, Illinois for $2,701,150. The property was the final asset in a four property Midwest Walgreens portfolio being sold by a Chicago based family trust.

The Walgreens portfolio included properties located in Gurnee, IL, Tinley Park, IL, Cedar Rapids, IA and Aurora, IL. The total selling price for the four properties was $14.1 million. The single tenanted assets had lease terms of five to eight years remaining at the time of the sales.

The 13,905 square foot Aurora Walgreens was built in 1996 and is located in the western suburbs of Chicago. The building is situated along Randall Road, one of the most heavily trafficked roadways in the trade area. The building is leased to Walgreens on a net lease basis with five years of lease term remaining and is located on a hard corner of a signalized intersection. Walgreens is an investment grade rated company with a Standard & Poor’s rating of BBB and has over 8,200 stores nationwide.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller; a Chicago based family trust, in the transaction. The buyer was a private investment group.

“The market for net leased Walgreens with shorter term leases and strong sales remains active as investors are attracted to the higher yield these assets generate.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Core market single tenant assets with solid real estate fundamentals continue to be in the greatest demand.”

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 $1.4 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 Awarded Disposition Assignment of a Portfolio of Forty-Two Circle K Properties Valued at $60 Million

The Boulder Group, a national single tenant net lease investment brokerage firm, has been selected as the exclusive advisor for the sale of a Circle K portfolio consisting of forty-two properties located within the Oklahoma City MSA.  

The investment sales team will be led by Randy Blankstein and Jimmy Goodman of The Boulder Group who are marketing the portfolio on behalf of a private partnership. The portfolio is listed for sale with an asking price of $60 million. The properties are all leased to Circle K on a long term basis and will only be sold as a portfolio.

The Circle K properties each have 12 lease years remaining and feature multiple rental escalations in the primary lease terms. The triple net leases are all guaranteed by Alimentation Couche-Tard, an investment grade company rated by Standard & Poor’s (BBB-).

“This portfolio represents a rare opportunity for an investor to acquire a large portfolio of triple net leased properties leased to an investment grade tenant” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Demand for the portfolio will be high as the properties are concentrated in a top tier MSA, offer no landlord responsibilities, and each lease features multiple rental esaclations.”

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 $1.4 billion of net lease real estate transactions through several real estate cycles. More information on the firm can be found at www.bouldergroup.com

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

Randy Blankstein, President of national net lease advisory firm The Boulder Group, will be a featured speaker at the National Net Lease Investment Conference in Chicago on November 1st, 2012. Randy will be moderating a panel discussing the Institutionalization of the Net Lease Market.

The National Net Lease Investment Conference is being produced by National Real Estate Investor and RetailTraffic.com. The conference will cover the current state and future direction of the net lease industry. The conference topics being discussed will include the single tenant development outlook, sale leaseback market, joint venture equity for NNN developers, single tenant retailer expansion plans, DST ownership structures and if transaction volume in the sector can surpass the $18 billion completed the previous year.

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 $1.4 billion of net lease real estate