The Boulder Group, a net leased investment
brokerage firm, has completed the sale of a single
tenant Dunkin’ Donuts property located at 1991 Brookdale Road in Naperville, IL
for $2,277,000.
The 3,816 square foot Dunkin’
Donuts building is located along Illinois Route 59. Illinois Route 59 is the
primary north-south thoroughfare in the trade area that experiences traffic
counts in excess of 45,000 vehicles per day. The densely populated affluent
area has approximately 190,000 people living within a five mile radius earning
average annual household incomes in excess of $102,000. The surrounding area
features many national retailers including Target, Meijer, Walgreens, CVS, and
Chase Bank.
Randy Blankstein
and Jimmy Goodman of The Boulder Group represented the seller in the
transaction; a Midwest based private partnership. The purchaser was an East
Coast based private investor in a 1031 exchange.
There are
approximately nine years remaining on Dunkin’ Donuts original twenty year lease
that expires September 30, 2023. The corporately guaranteed lease features a
15% rental escalation in the primary term and in each renewal option period.
There are five 5-year renewal option periods. Dunkin’ Donuts is a publicly
traded company with a market capitalization in excess of $5 billion.
“We received significant interest in this property and
received numerous offers which resulted in the property trading at full price.”
said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group,
added, “Properties with corporately guaranteed leases
and rental escalations throughout remain at the forefront of investor demand
because they provide investors with an inflationary hedge.”
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
