Thursday, February 27, 2014

Single Tenant Net Lease OfficeMax for Sale

The Boulder Group is pleased to exclusively market for sale a single tenant OfficeMax property located in East Peoria, Illinois. OfficeMax is committed to this site as evidenced by their extension of their first five year renewal option period. The 1.89 acre parcel is located within the Peoria region’s dominant retail corridor that features regional draws such as Bass Pro Shops, Walmart Supercenter, and Lowe’s. OfficeMax recently merged with Office Depot to create a dominant retailer and the largest U.S. office-supplies chain. OfficeMax is publicly traded on the New York Stock Exchange (ODP) with a market capitalization in excess of $2.5 billion.
The OfficeMax property is strategically located along Interstate 74, which experiences traffic counts in excess of 60,000 vehicles per day. There are over 125,000 people living within five miles of the subject property. The OfficeMax is centrally located within Peoria’s dominant retail corridor that is anchored by Bass Pro Shops, Walmart Supercenter, Lowe’s, Costco, Target, Kohl’s and Gordmans. The property is located in a Walmart Supercenter and Lowe’s anchored development. Other retailers located in the area include Embassy Suites Hotel and Conference Center, PetSmart, Ross Dress For Less, Aldi, McDonald’s, Panera, and Buffalo Wild Wings.

The recently extended OfficeMax lease has approximately 5 years remaining and expires in October 2018. There are three 5-year renewal options remaining with rental escalations in each. OfficeMax is a publicly traded company on the New York Stock Exchange (ODP) with a market capitalization in excess of $2.5 billion.

Wednesday, February 5, 2014

The Boulder Group Publishes Net Lease Big Box 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 Big Box Property Market.

Highlights from the report are as follows:

  • A 63 basis point decrease in cap rates for big box properties year over year
  • Investment Grade big box properties are priced at a 125 basis point premium over non-investment grade big box properties
  • Big box properties are priced at a 25 basis point discount when compared to the entire net lease retail market

The full report can be viewed online at

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 $1.6 billion of net lease real estate transactions through several real estate cycles. From 2011-2013, 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