The Boulder Group, a net leased investment
brokerage firm, has completed the sale of a newly
constructed single tenant net leased O’Reilly Auto Parts store located at 1300
South Main Street in Blackstone, Virginia for $1,296,624.
O’Reilly Auto Parts is the sole occupant of
the recently constructed 6,400 square foot building. The property is located
along South Main Street, the primary thoroughfare of the region. O’Reilly Auto
Parts is located within a dominant retail corridor that features a Walmart
Supercenter and Food Lion. There are 19 years remaining on the O’Reilly’s lease
that expires in December 2033.
Randy Blankstein
and Jimmy Goodman of The Boulder Group represented the buyer in the
transaction. The purchaser was a West Coast based private investor in a 1031
Exchange.
O’Reilly Auto Parts
has nineteen years remaining on their lease that expires December 2033. The
lease features 6% rental escalations every five years beginning in lease year
eleven. O’Reilly Auto Parts is an investment grade tenant (S&P: BBB) and is
publicly traded with a market capitalization in excess of $19 billion.
“The market for new construction net leased auto parts
stores remains active 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 featuring long term leases with multiple rental escalations
throughout the primary term remain in the forefront of investor 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 $2.1 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 $2.1 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
