The Boulder Group, a net leased investment
brokerage firm, has completed the sale of a single
tenant net lease Dollop Coffee retail condominium located at 1000 North Damen
Avenue in Chicago, IL for $405,000.
The
1,600 square foot retail condominium is strategically located at the signalized
intersection of Damen Avenue and Augusta Boulevard. Dollop Coffee is the first
floor retail condominium of a brand new, high end multi-unit residence. The state-of-the-art
building will be one of the first LEED certified, multi-unit residences in the
area. The property is located approximately one-quarter mile north of a new
Mariano’s grocery. The surrounding area is densely populated with over 65,000
people living within a one mile radius.
Jimmy Goodman and
John Feeney of The Boulder Group represented the seller in the transaction; a
Midwest based real estate development and investment firm. The purchaser was a
Chicago based real estate investor.
The new Dollop
Coffee lease is for five years and features annual rental escalations
throughout the primary term and renewal option periods. Dollop Coffee is an
expanding neighborhood coffee shop chain that features locally sourced
products. This Dollop Coffee location will be among the largest and the
first-ever bakery/coffee shop hybrid. Dollop will utilize this location to bake
pastries to supply all of their Chicagoland locations.
“Properties
priced below $1 million that are located in top MSA’s achieve significant
interest amongst private investors” said Jimmy Goodman, Partner of The Boulder
Group. John Feeney, Vice President of
The Boulder Group, added, “While single tenant
properties are selling in all types of locations; core markets, like Chicago,
are at 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 $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
