The
Boulder Group, a net leased investment brokerage firm, has completed the sale
of a single tenant net leased Orscheln Farm & Home property located at 1311
Business Highway 61 South in Bowling Green, MO for $2,440,000.
The
Orscheln Farm & Home property is strategically located along Missouri Route
161 which is the primary east-west thoroughfare in the trade area. The property
is located immediately to the west of US Route 61 which is the primary
north-south thoroughfare in the trade area and connects Bowling Green to St.
Louis to the south. The recently constructed property is located across the
street from a Walmart Supercenter. Additional retailers located within the
immediate trade area include McDonald’s, Taco Bell, Dollar General, Subway,
Hardee’s, DQ Grill, US Cellular and Country Market.
Randy
Blankstein and Jimmy Goodman of The Boulder Group represented the buyer and
seller in the transaction. The Seller
was a Midwest based real estate partnership and the purchaser was an Midwest
based REIT.
This
Orscheln Farm and Home property is a relocation of a previously successful
store. There are approximately 18 years remaining on the lease which expires in
July 2034. The lease features 7.5% rental escalations every five years
throughout the primary term and in each of the four 5-year renewal option
periods. Orscheln Farm & Home is a chain store with 172 locations in
Arkansas, Illinois, Indiana, Iowa, Kansas, Kentucky, Missouri, Nebraska, and
Oklahoma. Orscheln Farm & Home supplies agricultural goods for farm, home,
ranch and suburban customers.
“Properties
featuring long term leases with rental escalations throughout the primary term
remain at the forefront of investor demand.” said Randy Blankstein, President
of The Boulder Group. Jimmy Goodman,
Partner of The Boulder Group, added, “Investors are particularly attracted to
properties where the tenant has a long operating history and commitment to the
location.”
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 2010-2014, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by 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 2010-2014, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com
