Randy Blankstein, President of The Boulder Group, to Chair Net Lease Summit Conference

Randy Blankstein, President of the national net lease advisory firm The Boulder Group, will be the conference chair of the Midwest Real Estate News 2nd Annual Net Lease Summit Conference in Chicago on July 20th, 2016. Additionally, he will be moderating a panel at the conference discussing the state of the Net Lease Market.

The conference description is as follows: This national industry event and networking opportunity will draw the biggest names in the net lease, sale leaseback and 1031 Exchange markets. Industry experts will discuss the latest trends, financing options and market conditions in the industry. It's your chance to get the latest information and network with the leading players in this sector.

About Randy Blankstein

Randy Blankstein is the founder and President of The Boulder Group a boutique investment real estate services company that specializes in single tenant net leased properties. Mr. Blankstein is recognized nationally as a leader in the net lease market, and has personally arranged several billion in net lease related acquisitions and dispositions in his 25 year real estate career.

Randy received honorable mention for the 2014 Net Lease Executive of the Year by Commercial Property Executive Magazine.

For 2015, Randy was ranked by CoStar as the number one net lease advisor in the nation.

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. The firm’s website is www.bouldergroup.com

The Boulder Group Arranges Sale of Single Tenant Net Leased Walgreens

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 2201 N Heritage Street in Kinston, North Carolina for $5,400,000.

The 14,820 square foot Walgreens is located along North Heritage Street with access to Plaza Boulevard. Plaza Boulevard is a primary east-west thoroughfare in the trade area. The property is located directly across the street from a Piggly Wiggly grocery anchored center. Additional retailers located in the immediate trade area include Food Lion, Wells Fargo Bank, PNC Bank, BB&T Bank, Big Lots, Family Dollar and Dollar General. The Walgreens is benefitted by its proximity to Lenoir Memorial Hospital which has over 261 beds and over 100 physicians.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a private equity real estate investment firm based in the Midwest. The purchaser was a Chicago based real estate investor in a 1031 Exchange.

There are over fifteen years remaining on the Walgreens lease which expires in September 2031. The absolute triple net lease features ten 5-year renewal option periods. Walgreens is an investment grade rated company with a Standard & Poor’s rating of BBB.

“The market for Walgreens properties remains active as investors are attracted to investment grade rated companies with long term leases.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner 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 Releases Initial Video of Net Lease Video Series

The initial video features John Feeney, Vice President of The Boulder Group, providing his insights into the rapidly expanding dollar store segment of the net lease market.

The video can be seen at the below link

https://www.youtube.com/watch?v=0aSiWJcUiRg

The Boulder Group Arranges Sale of PNC Bank Ground Lease

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant PNC Bank Ground Lease located at 1996 Freedom Parkway in Washington, IL for $1,300,000.

The PNC Bank is an outparcel to a Wal-Mart Supercenter and is adjacent to a Menards. The property is located along US 24 and benefits from its position on the hard corner of a signalized intersection. The property is located within the primary retail trade area that includes retailers such as Wal-Mart Supercenter, Menards, Kroger, Tractor Supply, AutoZone, Advance Auto Parts and Dollar General. 

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a West Coast based private investor. The purchaser was a Midwest based 1031 Exchange investor.

The PNC Bank ground lease expires in December 2028 and features 14% rental escalations every five years throughout the primary term and renewal options. There are three 10-year renewal option periods. PNC is a publicly traded company on the New York Stock Exchange with a market capitalization in excess of $42 Billion.

“The market for long term ground leases remains active as these assets are highly sought after amongst private investors” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “While the majority of single tenant investment activity is focused on core markets, we are starting to see investors focus primarily on the quality of the tenant rather than the top tier locations.”

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 CoStar and Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com

The Boulder Group Publishes Net Lease Auto Parts Store Market Research Report

The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the activity in the National Net Lease Auto Parts Store Market.

Highlights from the report are as follows:

• A 27 basis point decrease in cap rates for auto parts store properties from the fourth quarter of 2014 to the fourth quarter of 2015
  
  
• Advance Auto Parts represents 53.5% of auto parts stores on the market
  
  
• Auto parts store properties are priced at a 27 basis point premium when compared to the entire net lease retail market

The full report can be viewed online at http://www.bouldergroup.com/media/pdf/Auto%20Parts%20Report%202016.pdf

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. In 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. More information on the firm can be found on The Boulder Group’s website at www.bouldergroup.com