The
Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Verizon Wireless
property located at 6501 Wilkinson Blvd in Belmont, North Carolina for
$1,392,400.
The Verizon Wireless property is strategically
located at the signalized intersection of Wilkinson Boulevard and North Main
Street which experiences traffic counts in excess of 35,000 vehicles per day.
Interstate 85 is located approximately one-quarter mile north of the property
and experiences traffic counts in excess of 119,000 vehicles per day. The
surrounding trade area features numerous national retailers including Walmart
Supercenter, Lowe’s, Aldi, Walgreens, CVS, McDonald’s, Advance Auto Parts, Bank
of America and Wells Fargo.
Randy Blankstein
and John Feeney of The Boulder Group represented the seller in the transaction;
an East Coast based real estate investment company. The purchaser was a North
Carolina based real estate developer.
Verizon Wireless
has over ten years remaining on their lease which expires in May 2026. The net
lease features annual rental escalations throughout the primary term. The
guarantor of the lease is ABC Phones of North Carolina, Inc. which operates
over 600 locations in 31 states.
“Well located single tenant assets with solid real estate
fundamentals continue to be in the greatest demand.” said Randy
Blankstein, President of The Boulder Group.
John Feeney, 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