The
Boulder Group, a national single tenant net lease investment brokerage firm,
has been selected as the exclusive advisor for the
sale of a Walgreens portfolio consisting of six properties. The properties are
located in Massachusetts, Maine, Minnesota, Ohio and South Carolina. The
portfolio is being offered on a “free and clear” basis.
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 investment
company. The single tenanted portfolio is listed for sale with an asking price
of $49 million and there is no debt that needs to be assumed. Each property is
fully leased to Walgreens on a long term basis with an average lease term of 21
years.
The portfolio includes the following Walgreens properties:
The portfolio includes the following Walgreens properties:
1.
4755 West Broad Street, Columbus, OH (Columbus MSA)
2.
720 Main Street, Clinton, MA
3.
32 Main Street, Lakeville, MA (Boston MSA)
4.
268 Main Street, Belfast, ME
5.
1537 Charleston Hwy, West Columbia, SC (Columbia
MSA)
6.
1112 Civic Center Drive, Rochester, MN
“This
portfolio represents a rare opportunity for an investor to acquire a large
portfolio of long term triple net leased Walgreens properties” said Randy
Blankstein, President of The Boulder Group.
Jimmy Goodman, Partner of The Boulder Group, added, “We anticipate
similar strong demand for this portfolio as The Boulder Group was the exclusive
advisor for a Walgreens portfolio disposition valued at $68.7 million that sold
in June 2012.”
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
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
