Tuesday, October 28, 2014

Immediate Requirement | Drug Store Properties Wanted For Repeat Buyer

Boulder Group
 
INVESTOR SEEKING SINGLE TENANT DRUG STORE PROPERTIES
     
  The Boulder Group is representing an investor looking to acquire single tenant drug store properties entailing the following acquisition criteria:  
       
  Type: Single tenant CVS & Walgreens  
       
Minimum Cap Rate: 5.90%
       
  Minimum Lease Term: 6 Years  
       
  Miscellaneous: Free and clear properties only.
Will consider leaseholds.
 
       
       
  Contact Information:  
  Randy Blankstein  
  847.562.0003  
  randy@bouldergroup.com  
     
     
www.bouldergroup.com

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


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



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