The Boulder Group Arranges Sale of a Single Tenant Net Leased Dollar General Portfolio

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Dollar General portfolio consisting of two properties located in Missouri for $2,625,000.   

The portfolio consists of two brand new construction Dollar General properties. The leases have approximately 15 years remaining and are both absolute triple net leases. Dollar General is an investment grade rated company (S&P: BBB) and is publicly traded with a market capitalization in excess of $23 billion.

The portfolio included the following Dollar General properties:

1.   927 US Route 24, Monroe City, MO

2.   103 N 25^th Street, Bethany, MO

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

“The market for new construction net leased dollar stores remains active as these assets are in high demand among private investors” 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 offer investors long term leases to investment grade rated tenants.”

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

Join The Boulder Group at the Net Lease Summit Conference in Chicago

http://www.cvent.com/events/2nd-annual-net-lease-summit/event-summary-8f7161afc756477282d0bb6311e1f37e.aspx?lang=en&sms=4&refid=2013Tri-Housing

The Boulder Group Arranges Sale of Triple Net Leased Family Dollar

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Family Dollar located at 19132 State Route 52 in Metamora, IN for $1,465,000.

The newly constructed Family Dollar is located along US Route 52 which is the primary thoroughfare in the trade area. The property is approximately fifty miles northwest of Cincinnati and seventy miles southeast of Indianapolis.

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

The new Family Dollar lease is for fifteen years and expires in June 2031. The absolute triple net lease features no landlord responsibilities and 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 Publishes 2nd Quarter Net Lease Market Research Report

The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 2nd quarter activity in the National Net Lease Market.

Highlights from the report are as follows:

• Cap rates for net leased retail properties remained at the previous quarter’s historic low level
  
  
• Cap rates for net leased office and industrial properties increased by 5 and 16 basis points respectively
  
  
• Overall property supply of retail, office and industrial net lease assets increased by 11% from Q1 2016 to Q2 2016

The full report can be viewed online at http://www.bouldergroup.com/media/pdf/2016-Q2-Net-Lease-Research-Report.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