The Boulder Group Arranges Sale of Triple Net Leased Dollar General

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 6292 US Route 77 in Riviera, Texas for $1,260,000.

The 9,026 square foot Dollar General is strategically located along US Route 77 which is the area’s primary north-south thoroughfare. Retailers located in the immediate area include Burger King, Stripes, Dairy Queen, and Subway. 

Randy Blankstein and Jimmy Goodman of The Boulder Group represented both parties in the transaction. The seller was a southeast based institution and the purchaser was an Illinois based private investor.

There are 15 years remaining on the Dollar General lease which expires in May, 2031. The lease features 10% rental escalations in each of the five 5-year renewal option periods. This absolute triple net lease features no landlord responsibilities. Texas is an income tax free state.  Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. As of August 31, 2016, Dollar General operated over 13,000 stores located in 43 states.

“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, “New construction properties with long term leases to investment grade tenants with rental escalations are the most sought after net lease product.”

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 Arranges Sale of Net Lease Dollar Tree

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar Tree located at 1940 Main Street in Green Bay, Wisconsin for $1,678,000.

The newly constructed Dollar Tree is located on Main Street (Highway 141), a primary north-south thoroughfare in the area.  There are approximately 70,000 people living within a three mile radius of the property. Retailers in the immediate area include Copps (Kroger), Kohl’s, Hobby Lobby, Aldi, Walgreens, AutoZone, Advance Auto Parts and Tires Plus. 

Randy Blankstein and John Feeney of The Boulder Group represented both parties in the transaction. The seller was a Midwest based real estate development company and the buyer was Midwest based real estate investment firm.

The new Dollar Tree lease is for ten years with three 5-year renewal options. Dollar Tree is a Fortune 500 Company and currently operates more than 14,000 stores across 48 states & 5 Canadian provinces (under the brands Dollar Tree, Dollar Tree Canada & Family Dollar). Dollar Tree is a publicly traded company (NASDAQ: DLTR) with a market cap in excess of $18 billion. 

“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, “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

Dollar General Single Tenant Net Lease Properties For Sale

The Boulder Group is currently selling 26 Dollar General properties (available individually). More information can be found at  http://www.bouldergroup.com/NNN-Properties-For-Sale.html

The Boulder Group Arranges Sale of Single Tenant Net Lease Perkins Restaurant

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Perkins Restaurant & Bakery located at 3005 Highway 10 East in Moorhead, Minnesota for $2,100,000.

Perkins Restaurant & Bakery is located in Moorhead, Minnesota, which is part of the Fargo-Moorhead metropolitan area. Perkins has occupied this site since the structure was built in 1994 and updated in 2004. Perkins is scheduled for a full remodel in 2018. The property is strategically located along Highway 10 East which is a primary thoroughfare in the area and features traffic volumes in excess of 20,000 vehicles per day. The surrounding area features many national retailers including: McDonalds, Tractor Supply Company, K-Mart, and Target.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the purchaser in the transaction; a high net worth Midwest based investor.  The seller was a west coast high net worth individual.

There are five years remaining on the original 15 year lease with two 5-year renewal options.  Perkins Restaurant & Bakery operates 410 restaurants in 33 states and five Canadian provinces.

“Restaurant properties with corporate guarantees continue to garner significant interest amongst private investors” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “As there is a limited amount of long term core assets on the market, some net lease investors are seeking assets with shorter term leases in strong retail corridors for higher yields.”

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 | Recently Sold Single Tenant Net Lease Properties

The Boulder Group Arranges Sale of Triple Net Lease Goodwill Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Goodwill property located at 2001 Progressive Parkway in Platteville, Wisconsin for $1,650,000.

The Goodwill property is positioned along US Route 151 adjacent to a Walmart Supercenter and Menards Hardware.  Additional retailers located in the immediate area include Ashley Furniture, Aldi, McDonald’s, Dollar Tree and Millennium Cinema.

Randy Blankstein and John Feeney of The Boulder Group represented both parties in the transaction.  The seller and buyer were both Midwest based private partnerships.

There are 2 years remaining on the Goodwill lease which expires November 30, 2018. The absolute triple net lease features 3% annual rental escalations in in the primary term and the two 5-year renewal option periods.  Goodwill is a nonprofit retail store that provides job training, employment placement services, and other community-based programs for people who have barriers preventing them from otherwise obtaining a job.

“Goodwill is a tenant that has increasingly attracted attention from private investors” said Randy Blankstein, President of The Boulder Group. John Feeney, Vice President of The Boulder Group, added, “Shorter term leases offer higher yields that are accretive to many investor types.”

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 Arranges Sale of Net Lease Starbucks Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Starbucks property located at 13945 Highway 13 Frontage Road in Savage, Minnesota for $1,475,000.

The 1,925 square foot Starbucks building is strategically located along Minnesota State Highway 13 in an affluent area in the Minneapolis-St. Paul MSA.  Minnesota State Highway 13 is the primary north-south thoroughfare in the trade area. The average household incomes within a one mile radius of the Starbucks property exceed $127,000 annually. The Starbucks is benefitted by its location within a strong retail trade area that is anchored by a SuperTarget, Cub Foods, Rainbow Foods, Walgreens and OfficeMax.

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

This is a proven Starbucks location as evidenced by the tenant’s recent execution of an early ten year lease extension. There are over 10 years remaining on the Starbucks lease which expires on July 31, 2026. The lease features rental escalations every five years and three 5-year renewal option periods. Starbucks is an investment grade rated company (S&P: A-) and is publicly traded (NASDAQ: SBUX) with a market capitalization in excess of $86 billion.

“Single tenant Starbucks properties continue to be in great demand with private investors.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Properties with corporately guaranteed leases and rental escalations throughout remain at the forefront of investor demand because they provide investors with an inflationary hedge.”

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 Publishes 3rd 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 3rd quarter activity in the National Net Lease Market.

Highlights from the report are as follows:

• Cap rates for net leased retail properties reached a new historic low level
  
  
• Cap rates for net leased office and industrial properties decreased by 17 and 12 basis points respectively
  
  
• Overall property supply of retail, office and industrial net lease assets increased by 2% from Q2 2016 to Q3 2016

The full report can be viewed online at http://www.bouldergroup.com/media/pdf/2016-Q3-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