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
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
