The Boulder Group, a net leased investment
brokerage firm, has completed the sale of a single
tenant new construction Family Dollar located at 3211 Old McDuffie Road in
Augusta, GA for $1,490,000.
The
newly constructed Family Dollar is located at the signalized intersection of
Old McDuffie Road and Barton Chapel Road. There are approximately 50,000 people
living within a three mile radius of the property. The property is located
approximately seven miles south of the Augusta National Golf Club.
Randy Blankstein
and Jimmy Goodman of The Boulder Group represented the purchaser in the
transaction; a Midwest based individual in a 1031 Exchange. The seller was a
Southeast based real estate development company.
The new Family
Dollar lease is for fifteen years and expires September 30, 2031. The absolute
triple net lease features no landlord responsibilities and a 10% rental
escalation in the primary term. The lease features 10% rental escalation in
each of the six 5-year renewal option periods. Family Dollar Stores, Inc. is
the second largest dollar store chain in the United States, operating 8,100
stores across 46 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.
Jimmy Goodman, Partner of The Boulder Group, added, “The market for new construction net leased dollar stores
remains active as these assets are in high demand among private investors.”
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 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