Wednesday, January 2, 2013

The Boulder Group Arranges Sale of a Single Tenant Dollar General Property in Palm Beach, Florida

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 4400 10th Avenue North in Lake Worth, Florida for $1,382,500.

The 9,600 square foot Dollar General is located in a dense area of the Palm Beach MSA with over 310,000 people living within five miles of the property. The building is leased to Dollar General on a net lease basis with nine years of lease term remaining. Additionally, there is a billboard located on the property that provides additional income. 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 buyer and seller, in the transaction. The buyer was a private partnership based in California and the Seller was a local Florida company.

“The market for triple net leased Dollar Generals is robust as investor demand for long term leased properties priced below two million dollars 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 in prime locations to increase as 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