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 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