The Boulder Group, a net leased investment
brokerage firm specializing in single tenant assets, has completed the sale of
a net leased Orscheln Farm & Home property located at 718 4th
Street in Gothenburg, Nebraska for $1,450,000.
The
22,960 square foot property was built in 2008 and is located in Gothenburg,
Nebraska. The property is positioned at the corner of East 4th
Street and Highway 47. Highway 47 is the primary thoroughfare in the area and
has a full access interchange with Interstate 80 one-half mile away from the
property. The property benefits from the strong agricultural economy in
Gothenburg. Farming and ranching accounts for the majority of the economy in
Gothenburg and the farming community accounts for 25% of the total alfalfa
production in the total United States. The property is leased to Orscheln Farm
& Home on a net lease basis with approximately sixteen years of lease term
remaining. The lease features 10% rental escalations every five years. Orscheln
Farm & Home has 156 locations across the United States and supplies
agricultural goods for farm, home, ranch and suburban customers.
Randy
Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the
transaction; a private investment firm based in Omaha. The buyer was an Omaha based 1031 exchange
investor.
“The
market for net leased properties with long term leases remain in high demand
among private investors.” said Randy Blankstein, President of The Boulder
Group. Jimmy Goodman, Partner of The
Boulder Group, added, “While the majority of single tenant investment activity
is focused on core markets, we are starting to see some opportunistic investors
pursue second and third tier markets in order to achieve higher yields.”
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 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
