Randy Blankstein, President of the Boulder Group, to Speak at ICSC Net Lease Property Panel

Randy Blankstein, President of national net lease advisory firm The Boulder Group, will be a featured speaker at the ICSC Single Tenant-Triple Net Leased Retail Property Panel in Las Vegas on May 20th, 2013. 

The panel description is as follows: Single tenant, net leased properties have always been a large part of the shopping center community as ancillary income for landlords in order to take advantage of outparcels or excess land. However, this niche property type is currently one of the nation's most appealing investments, real estate or otherwise, as its fundamental simplicity has been acknowledged by tenants, developers, brokers, private investors as well as institutional owners. No longer do professionals deem single tenant assets to be a fringe investment as an entire industry has been focused on this property type for decades. The audience of this panel discussion will be able to hear from today's foremost authorities on tenant trends, developer issues and investor demand. This will be the only discussion at RECon that focuses solely on the single tenant, triple net leased property type.

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 over $1.4 billion of single tenant net lease real estate transactions. In 2012, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago. The firm’s website is www.bouldergroup.com

The Boulder Group Arranges the Sale of Walgreens Ground Leased Property in Chicago

The Boulder Group, a net leased investment brokerage firm specializing in single tenant assets, has completed the sale of a ground leased Walgreens property located at 3136 West 55^th Street, Chicago, Illinois for $1,145,069.

The property is located approximately nine miles southwest of downtown Chicago and less than three miles from Midway International Airport. The ground lease is located at the heavily trafficked intersection of 55^th Street and Kedzie Avenue. This intersection experiences traffic volumes in excess of 53,000 vehicles per day. 55^th Street is the primary east-west thoroughfare in the area. The property is located in a dense area of Chicago with over 870,000 people living within five miles of the property. The property is ground leased on an absolute net basis to Walgreens with thirteen years of lease term remaining. 

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a Midwest based development company.  The buyer was a high net worth investor based in Chicago.

Walgreens has approximately thirteen years of lease term remaining on a triple net ground lease. Walgreens is a publicly traded company on the New York Stock Exchange (WAG), with a market capitalization of $36 billion. Walgreens is an investment grade rated company with a Standard & Poor’s rating of BBB and has over 8,200 stores nationwide.

“The market for net leased Walgreens in Chicago and other core markets remains robust as these assets are in high demand among private investors.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Ground leased properties remain popular for net lease investors as they offer a secure investment that combines a low price point with zero landlord responsibilities.”

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 over $1.4 billion of single tenant net lease real estate transactions. In 2012, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago. The company’s website address is www.bouldergroup.com

The Boulder Group Arranges the Sale of a Single Tenant KinderCare Property in the Chicago MSA

The Boulder Group, a net leased investment brokerage firm specializing in single tenant assets, has completed the sale of a net leased KinderCare property located at 790 North Lake Street, Grayslake, Illinois for $1,352,000.

The 6,952 square foot KinderCare was built in 1999 and is located in Grayslake, Illinois. The property is positioned on a hard corner of a signalized intersection along a heavily trafficked roadway. The property is located in an affluent area of the Chicago MSA with average household incomes in excess of $100,000 within five miles of the property. Additionally, the property benefits from its location in a dense residential area near multiple large subdivisions and apartment communities. KinderCare has been a tenant in the property since 1999 and recently renewed their lease through April 2019. The lease is corporately guaranteed by KinderCare. KinderCare is the largest for-profit childcare provider in the country with 1,900 locations nationwide.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a private individual based in Chicago.  The buyer was an Illinois based high net worth investor.

 “The market for net leased properties in Chicago and other major markets remains robust as these assets are in high demand among private investors.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Properties that are valued below $2 million are receiving the most activity in the private buyer and 1031 exchange sectors.”

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

Buyer Requirement | Net Lease | $2.0 to $5.5 million

I am representing an investor looking for a property with the following acquisition criteria:


Term: 10 years or more remain on lease term
Price: $2.0 to $5.5 million
Lease Type: Triple net only
Credit: Investment Grade only
Misc: Needs to have rental escalations during the primary lease term

 http://lnkd.in/Dkq9jy

The Boulder Group Publishes Net Lease Auto Parts Store Research Report

The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the activity in the National Net Lease Auto Parts Store Market.

Highlights from the report are as follows:

• Net Lease Auto Parts Store properties cap rates continue to compress
• Advance Auto Parts remains the most active tenant within the space
• AutoZone ground lease command the lowest cap rate in the sector

The full report can be viewed online at http://www.bouldergroup.com/NLAPS.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. In 2012, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by Real Capital Analytics. 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