 |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| www.bouldergroup.com |
Tuesday, October 28, 2014
Immediate Requirement | Drug Store Properties Wanted For Repeat Buyer
Monday, October 13, 2014
Net Lease KinderCare For Sale | The Boulder Group
The Boulder Group is pleased to exclusively market for
sale a single tenant net leased corporately guaranteed KinderCare property located
within the Green Bay MSA. This is a proven KinderCare location as evidenced by
their long and successful operating history and their recent lease extension.
In July 2014, KinderCare executed a new ten year lease. The ten year lease
expires July 31, 2024 and features a 5% rental escalation in the primary term.
KinderCare is the largest for-profit child care provider in the country and
operates over 1,600 locations.
The 2.84 acre KinderCare property is situated between
Arcadian Lane and Heritage Road. Heritage Road is a main thoroughfare in the
area. The property benefits from its location that is surrounded by single
family homes. Additionally, the KinderCare property benefits from its proximity
to several elementary schools including Altmayer Elementary, Dickinson
Elementary, and Heritage Elementary. All three schools have enrollment in
excess of 520 students and are located less than two miles from the property.
There are approximately 70,000 people living within a five mile radius of the
property earning average household incomes in excess of $71,000.
http://www.bouldergroup.com/NNN-Properties-For-Sale.html
Friday, October 10, 2014
The Boulder Group Arranges Sale of a SunTrust Bank Ground Lease
The Boulder Group, a net leased investment
brokerage firm, has completed the sale of single
tenant SunTrust Bank ground lease located at 3334 Virginia Beach Boulevard in
Virginia Beach, VA for $2,000,000.
The SunTrust Bank property is
located along Virginia Beach Boulevard, a primary east-west thoroughfare in the
area. The property is located at a signalized intersection at the entrance to a
Kroger and Home Depot anchored development. Other retailers located in the
immediate vicinity include Sam’s Club, BJ’s Wholesale, Burlington Coat Factory,
Walgreens, and many others. There are approximately five years remaining on the
ground lease.
Randy Blankstein
and Jimmy Goodman of The Boulder Group represented the purchaser in the
transaction who was a private investor from the West Coast. The seller was an
East Coast real estate investment firm.
SunTrust Bank has
approximately five years remaining on their ground lease that expires September
8, 2019. This is a strong performing branch with above average deposits.
SunTrust Bank is an investment grade rated company with a Standard and Poor’s
rating of BBB.
“The market for bank ground leases is at historic low levels”
said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group,
added, “Core market single tenant assets with solid
real estate fundamentals continue to be in the greatest demand.”
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 $1.8 billion of single tenant net lease real estate transactions. 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. www.bouldergroup.com
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 $1.8 billion of single tenant net lease real estate transactions. 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. www.bouldergroup.com
Thursday, October 9, 2014
Net Lease Bank for Sale | The Boulder Group
The Boulder Group is pleased to exclusively market for
sale a single tenant net leased Bank of Bartlett property located within an
affluent area of the Memphis MSA. The property is strategically located at a
heavily trafficked signalized intersection along a primary thoroughfare. The
Bank of Bartlett lease has five years remaining and expires November 30, 2019.
The absolute net lease features 1.5% annual rental escalations. Bank of
Bartlett is a community bank with eight branches and has been operating since
1980.
The one acre Bank of Barlett property is strategically
located at the signalized intersection of Poplar Avenue and Kirby Parkway,
which experiences traffic counts of approximately 60,000 vehicles per day.
Poplar Avenue is the primary east-west thoroughfare in the area. The property
is located approximately twelve miles east of downtown Memphis. The surrounding
area is affluent with average annual household incomes in excess of $121,000.
There are over 217,000 people living within five miles of the property earning
average annual household incomes in excess of $81,000. International Paper, a
$20 billion publicly traded company (NYSE: IP), is headquartered approximately
one-half mile from the Bank of Bartlett property. The surrounding area is
densely concentrated with suburban office buildings. St. Francis Hospital, a
519-bed full service hospital, is located approximately one and one-half miles
west of the property. A Kroger grocery anchored development is located across
the street from the property. Additional retailers located within the immediate
vicinity include Target, Best Buy, Sports Authority, Walgreens, Ann Taylor,
Hobby Lobby and McDonald’s.
There is potential increase to the residual value of the
real estate as ownership is working on having the property rezoned. The
property is 1/3 of the way through approvals that would allow up to 10 stories
and 0’ setback from the road front as part of the Western Gateway Smart Growth
area. The property is centrally located within the East
submarket; Memphis’ largest office submarket with over 8.6 million square feet
of office space.
There are five years remaining on the Bank of Bartlett
lease that expires on November 30, 2019. The lease features 1.5% annual rental
escalations and no landlord responsibilities. Bank of Bartlett is a local bank
with eight locations and they have been operating since 1980.
http://www.bouldergroup.com/NNN-Properties-For-Sale.html
Thursday, October 2, 2014
The Boulder Group Arranges the Sale of a Net Leased Dollar General Property
The Boulder Group, a net leased investment
brokerage firm, has completed the sale of a new
construction single tenant Dollar General property located at 426 Talcottville
Road in Vernon, CT for $1,572,794.
The 9,262 square foot brand new
construction Dollar General is located on a 1.11 acre parcel along Talcottville
Road. Talcottville Road is a primary north-south thoroughfare in the area and
experiences traffic counts in excess of 25,000 vehicles per day. There are
approximately 50,000 people living within a three mile radius earning average
household incomes in excess of $85,000 annually. Surrounding retailers include
Aldi, Walgreens, Tractor Supply, and Advance Auto Parts. There are fifteen
lease years remaining on the Dollar General lease.
Randy Blankstein
and Jimmy Goodman of The Boulder Group represented the buyer in the
transaction, California based investment firm.
The seller was a Northeast based developer.
The
new Dollar General lease is for fifteen years and features a rental escalation
in the primary term and in each renewal option period. Dollar General is an
investment grade rated tenant with a Standard and Poor’s rating of BBB- and is
also publicly traded on the New York Stock Exchange with a market
capitalization in excess of $18 billion.
“Despite
the short term uncertainty of the dollar store sector, there is still strong
demand for dollar stores located in top metros with long term leases”
said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group,
added, “New construction dollar store properties remain at the forefront of
investor demand amongst dollar store investors.”
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 $1.8 billion of
single tenant net lease real estate transactions. 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.
Wednesday, October 1, 2014
The Boulder Group Publishes 3rd Quarter Net Lease Market Research Report
The Boulder
Group’s Research Department has released a new research report providing
comprehensive numbers and analysis of the 3rd quarter activity in the National
Net Lease Market.
Highlights
from the report are as follows:
- Cap rates for net leased retail
properties remained at the previous quarter’s historic low level
- Property supply of office and industrial net
lease assets increased by 20% from Q2 2014 to Q3 2014
- Median national asking vs. closed cap rate spread
widened for retail and industrial properties
The full
report can be viewed online at http://www.bouldergroup.com/2014-Q3-Net-Lease-Research-Report.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 over $1.8 billion of single tenant net lease real estate transactions. In
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 www.bouldergroup.com
Subscribe to:
Posts (Atom)