The Boulder Group, a net leased investment
brokerage firm, has completed the sale of a single
tenant Family Dollar property located at 4802 Bridgewood Drive in Killen, TX
for $1,655,225.
The 9,180 square foot newly
constructed Family Dollar property is located at the intersection of West Stan
Schlueter and Bridgewood Drive. West Stan Schlueter is a primary east-west
thoroughfare. The surrounding area is densely populated with over 15,000 people
living within a one mile radius. The projected annual rate of growth within a
three mile radius is in excess of 2.25%. In addition to the rapid residential
growth in the area, there are several large commercial development projects
currently underway. A 431,486 square foot Walmart Supercenter anchored
development is under construction and is located less than three-quarters of a
mile to the east of the property.
Jordan Kaufman of
The Boulder Group exclusively represented the seller in the transaction; a
Texas-based private developer. The purchaser was a private Midwest-based
investor in a 1031 Exchange.
The newly
constructed Family Dollar has ten years remaining. The lease features 10%
rental escalations in each of the six 5-year renewal option periods. Family
Dollar is an investment grade rated tenant with a Standard & Poor’s rating
of BBB-.
“Net lease properties with strong residual value in rapidly
expanding areas are highly sought after amongst the investment community”
said Jordan Kaufman, Vice President of The Boulder Group.
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 2011-2014, 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 2011-2014, 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
