Friday, September 25, 2015

The Boulder Group Arranges the Sale of a Net Lease O’Reilly Auto Parts Store


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 5618 Treaschwig Road in Spring, Texas for $1,383,964.

O’Reilly Auto Parts is the sole occupant of the recently constructed 6,800 square foot building. The property is benefited by a Kroger grocery anchored center which is located across the street. The O’Reilly Auto Parts is located approximately five miles north of the George Bush Intercontinental Airport which is one of North America’s busiest airports.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The purchaser was a high net worth Midwest-based family partnership in a 1031 Exchange and the seller was a national real estate development company.

The O’Reilly Auto Parts lease is for twenty years and features a 6% rent escalation in year 11 and 16. O’Reilly Auto Parts is an investment grade tenant (S&P: BBB) and is publicly traded with a market capitalization in excess of $24 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 $2.4 billion of single tenant net lease real estate transactions. From 2010-2014, 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

Thursday, September 24, 2015

The Boulder Group Arranges Sale of Net Lease Hooters Property


The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net lease Hooters located at 6904 Argus Drive in Rockford, IL for $1,943,960.

The 4,700 square foot Hooters property is strategically located in a regional retail destination that includes Target, Walmart, Sam’s Club, Lowe’s, Kohl’s and Best Buy. The Hooters is positioned as an outparcel to a Home Depot and is located near Interstate 90.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented both the purchaser and seller in the transaction. The purchaser was a private high net worth investor and the seller was a Midwest based developer.

There are over five years remaining on the corporately guaranteed Hooters lease. The lease features no landlord responsibilities and 10% rental escalations every five years.

“Properties priced below $2 million with corporate guarantees continue to garner significant interest amongst private investors” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “As there is a limited amount of long term core assets on the market, some net lease investors are seeking assets with shorter term leases in strong retail corridors for higher yields.”


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 $2.4 billion of single tenant net lease real estate transactions. From 2010-2014, 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

Wednesday, September 2, 2015

The Boulder Group Publishes Net Lease Dollar Store Research Report


The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the activity in the National Net Lease Dollar Store Market.

Highlights from the report are as follows:

·       Overall cap rates for Dollar General, Family Dollar and Dollar Tree properties experienced decreases in cap rates of 50 basis points

·       New construction Family Dollar properties represent the lowest cap rate in the sector

·       Dollar stores are priced a at 10 basis point discount when compared to the entire net lease retail market

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 $2.4 billion of single tenant net lease real estate transactions. In 2010-2014, 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. More information on the firm can be found on The Boulder Group’s website at www.bouldergroup.com