Tuesday, October 9, 2012

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