Wednesday, February 13, 2013

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