The
Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property
located at 9300 East Gregory Boulevard in Raytown, Missouri for $6,000,000.
The 13,905 square foot Walgreens is located
within the Kansas City MSA. This Walgreens location has strong store sales and
is positioned at the heavily trafficked signalized intersection of Gregory
Boulevard and Blue Parkway. This intersection experiences traffic counts in
excess of 38,000 vehicles per day. Nearby retailers include Walmart
Supercenter, Hy-Vee, Advance Auto Parts, AutoZone, Aldi, O’Reilly Auto Parts
and Ace Hardware. There are approximately 122,000 people living within a five
mile radius of the property.
Randy Blankstein
and Jimmy Goodman of The Boulder Group represented the seller in the
transaction; a high net worth private individual based in the Midwest. The
purchaser was a Northeast based real estate investor.
There are fourteen
years remaining on the Walgreens lease which expires in January 2030. Walgreens
has successfully operated at this site since 1999 and recently executed an
early ten year lease extension demonstrating their commitment to this location.
Walgreens is an investment grade rated company with a Standard & Poor’s
rating of BBB.
“Established properties with proven operating histories
continue to garner significant investor interest.” said Randy
Blankstein, President of The Boulder Group.
Jimmy Goodman, Vice President of The Boulder Group, added, “Net lease properties with strong residual real estate value
are highly sought after amongst the investment community.”
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 2010-2015, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. 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 2010-2015, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com
