The Boulder Group, a net leased investment
brokerage firm, has completed the sale of a single
tenant Family ER + Urgent Care property located at 8200 N MacArthur Boulevard
in Irving, TX for $6,154,000.
The
newly constructed 10,200 square foot Family ER + Urgent Care is strategically
located along N. MacArthur Boulevard in the immediate proximity to Interstate
635 (LBJ Freeway). The property is situated in a retail destination that
includes Walmart, Sam’s Club, Kohl’s, Target, Kroger and many other national
retailers. There are approximately 30,000 people living within a three mile
radius of the property earning average annual household incomes in excess of
$100,000.
Family
ER + Urgent Care are freestanding emergency centers and urgent care facilities
that give patients the option to seek emergency or convenient care without
having to go to the hospital or wait for an appointment at a private
physician’s office.
Randy Blankstein
and Jimmy Goodman of The Boulder Group represented the purchaser in the
transaction; a joint venture in a 1031 Exchange. The seller was a Texas-based
developer.
The Family ER +
Urgent Care lease is for twenty years and expires January 31, 2035. The
absolute triple net lease features 5% rental escalations every three years.
“Medical related properties featuring long term leases with
multiple rental escalations continue to be highly sought after amongst the
investor community as they provide an inflationary hedge” said Randy
Blankstein, President of The Boulder Group.
Jimmy Goodman, Partner of The Boulder Group, added, “We are seeing many investors turn their attention to
medical properties as they are highly resistant to e-commerce.”
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 $3 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 $3 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
