The Boulder Group Arranges Sale of Net Lease Panera Ground Lease

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Panera ground lease located at 2911 Highway 121 in Euless, TX for $2,650,000.

The brand new Panera is strategically positioned as an outparcel to the 194 acre Glade Parks development. Glade Parks features Belk, Dick’s Sporting Goods, Dave & Busters, Michael’s and many other national retailers. The property is located along Texas State Highway 121 which experiences traffic volumes in excess of 131,000 vehicles per day.

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

The Panera ground lease is for 15 years and features 10% rental escalations every five years. The lease commences in November 2015.

“The market for long term ground leases remains active as these assets are highly sought after amongst private investors.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “The demand for net lease properties in income tax-free states such as Texas is increasing amongst 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 2010-2014, 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 Publishes Net Lease Bank Ground Lease Research Report

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

Highlights from the report are as follows:

• Cap rates for bank ground lease properties reached a new historic low
• Bank ground leases are commanding a 206 basis point premium over the retail net lease market
• Bank ground leases with twenty or more years of lease term remaining experienced compression
  of 40 basis points

The full report can be viewed online at http://www.bouldergroup.com/Net-Lease-Bank-Ground-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 $2.1 billion of single tenant net lease real estate transactions. In 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. More information on the firm can be found on The Boulder Group’s website at www.bouldergroup.com  

The Boulder Group Arranges Sale of Trophy Walmart Ground Lease at Record Low Cap Rate

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant trophy Walmart ground lease located at 5630 West Touhy Avenue in Niles, IL for $9,685,000. The property was sold at the lowest cap rate ever recorded for a single tenant Walmart property transaction above $5 million according to Real Capital Analytics.

The Walmart property is located within an affluent area just north of Chicago. The Walmart anchors Pointe Plaza, a 330,000 square foot development that also features Ross Dress For Less, Walgreens, Fresh Farms International Market, Dress Barn and Babies R’ Us. Directly across the street from Pointe Plaza is Village Crossing, a 450,000 square foot development that features Dick’s Sporting Goods, AMC Theaters, Best Buy, Michael’s, Bed Bath & Beyond and many other national retailers. Jewel-Osco is also located across the street from the Walmart. Average household incomes within a one mile radius are in excess of $107,000 annually. Additionally, there are approximately 700,000 people living within five miles. The Walmart is well located within one of the dominant retail destinations of Chicago’s northern suburbs.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer and the seller in the transaction. The seller was a Midwest based real estate development and investment company. The purchaser was a high net worth individual from California in a 1031 Exchange.

Walmart has approximately nine years remaining on their ground lease that expires February 29, 2024. The ground lease features a 10% rental escalation in the first renewal option period and 5% rental escalations in the remaining options. Walmart is an investment grade rated company (S&P: AA) and is publicly traded with a market capitalization in excess of $267 billion.

“Trophy net lease properties in irreplaceable retail locations tenanted by investment grade rated companies are highly sought after amongst the investment community and command a substantial premium” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “While single tenant properties are selling in all types of locations; core markets, like Chicago, are at the forefront of investor demand.”

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 $2.1 billion of single tenant net lease real estate transactions. From 2011-2014, 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 Arranges Sale of a First Midwest Bank Ground Lease Located in Chicago

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant First Midwest Bank ground lease located at 3220 West 26^th Street in Chicago, IL for $4,047,000.

The First Midwest Bank property is positioned at the hard corner of the signalized intersection of West 26^th Street and West Sawyer. There are approximately 350,000 people living within a three mile radius. The building was originally constructed in 1984 and was significantly renovated in 2007.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the purchaser in the transaction; a Chicago based investor in a 1031 Exchange. The seller was a West Coast based real estate fund.

There are over 13 years remaining on the First Midwest Bank ground lease that expires July 1, 2028. The ground lease features annual rental escalations throughout the primary term and renewal option periods. First Midwest Bancorp is a publicly traded company with a market capitalization in excess of $1.3 billion and is an investment grade rated company (S&P: BBB-).

“Properties featuring long term leases to investment grade rated tenants remain at the forefront of investor demand.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Core market single tenant assets with solid real estate fundamentals continue to be in the greatest demand.”

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 2.1 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

BP Ground Lease For Sale | The Boulder Group

The Boulder Group is pleased to exclusively market for sale a rare single tenant corporately guaranteed British Petroleum (BP) ground lease located within an affluent suburb of Chicago. The property is strategically located at a signalized intersection along Illinois Route 59, a primary north-south thoroughfare. The corporately guaranteed BP ground lease has approximately eight years remaining. BP is publicly traded (NYSE: BP) with a market capitalization in excess of $113 billion and is an investment grade rated company (S&P: A).

The 79,280 square foot BP property is located at the signalized intersection of Illinois Route 59 and Brookdale Road. Illinois Route 59 is the primary north-south thoroughfare in the trade area that experiences traffic counts in excess of 45,000 vehicles per day. Additionally, Illinois Route 59 has a direct interchange with Interstate 88. Interstate 88 is located approximately three-quarters of a mile north of the property and experiences traffic counts in excess of 126,000 vehicles per day. The densely populated affluent area has approximately 190,000 people living within a five mile radius earning average annual household incomes in excess of $102,000.

The BP property benefits from its close proximity to many large office buildings including the headquarters of several major corporations. Both Nicor, an energy and shipping company, and Nalco, a supplier of water, energy, and air improvement solutions, are headquartered in the immediate vicinity employing 3,700 and 1,000 people, respectively, at their Naperville offices. Additionally, the surrounding area features many national retailers including Target, Meijer, Walgreens, CVS, and Chase Bank.

There are approximately eight years remaining on the BP ground lease that expires January 15, 2023. The corporately guaranteed lease features a 10% rental escalation in each of the four 5-year renewal option periods. BP is publicly traded on the New York Stock Exchange (BP) with a market capitalization in excess of $113 billion. BP is an investment grade rated company with a Standard and Poor’s rating of A.

 http://www.bouldergroup.com/NNN-Properties-For-Sale.html

The Boulder Group Arranges the Sale of a McDonald’s Ground Lease

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a new construction McDonald’s ground lease located at 2019 Spirit Lake Road in Winter Haven, FL for $1,750,000.

The newly constructed McDonald’s property is located along State Road 540, a primary east-west thoroughfare in the area that experiences traffic counts of approximately 20,000 vehicles per day. The property is benefitted by its location across the street from a CVS and a Publix grocery store. There are 20 years remaining on the McDonald’s ground lease and the buyer closed on the property upon rent commencement.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction, a private family trust in a 1031 exchange.  The seller was a Michigan based developer.

The new McDonald’s ground lease is for twenty years. There are 10% rental escalations every five years throughout the lease. McDonald’s is an investment grade rated company (S&P: A) and is publicly traded with a market capitalization in excess of $91 billion.

“The market for ground leases with investment grade tenants remains highly active as investors are attracted to the typical long term leases with rental escalations.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “McDonald’s ground lease properties continue to trade at the most aggressive cap rates in the entire net lease market due to their investment grade rating (S&P: A), rental escalations, and relatively low price point.”

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 $1.8 billion of single tenant net lease real estate transactions. From 2011-2013, 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 Arranges the Sale of an Arby’s Ground Lease

The Boulder Group, a net leased investment brokerage firm, has completed the sale of an Arby’s ground lease located at 8720 Manchester Road in Brentwood, MO for $1,250,000.

The 43,562 square foot Arby’s property is located along Manchester Road, a primary east-west thoroughfare that experiences traffic counts in excess of 20,000 vehicles per day. The surrounding area is densely concentrated with commercial buildings providing high barriers to entry. Additionally, the property is located less than one and one-half miles from the intersection of Interstate 64 and Interstate 170, which experiences traffic counts in excess of 300,000 vehicles per day. The surrounding area is densely populated with over 107,000 people living within a three mile radius earning average annual household incomes in excess of $93,000. The Arby’s is an outparcel to an Office Depot and Ace Hardware anchored center. The property is located approximately one and one-half miles from the Saint Louis Galleria, a 1.2 million square foot mall that is anchored by Apple, Nordstrom, Macy’s, and Dillard’s.

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

The Arby’s ground lease has over ten years remaining and features 10% rental escalations every five years. There are four 5-year renewal option periods. The lease is guaranteed by US Beef Corporation, the largest Arby’s franchisee with over 320 locations. 

“The market for ground lease properties below two million dollars remains active as private investors continue to invest in net lease real estate” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Core market single tenant assets with long term leases continue to be in the greatest demand.”

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 $1.8 billion of single tenant net lease real estate transactions. From 2011-2013, 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 Arranges Sale of a SunTrust Bank Ground Lease

The Boulder Group, a net leased investment brokerage firm, has completed the sale of single tenant SunTrust Bank ground lease located at 3334 Virginia Beach Boulevard in Virginia Beach, VA for $2,000,000.

The SunTrust Bank property is located along Virginia Beach Boulevard, a primary east-west thoroughfare in the area. The property is located at a signalized intersection at the entrance to a Kroger and Home Depot anchored development. Other retailers located in the immediate vicinity include Sam’s Club, BJ’s Wholesale, Burlington Coat Factory, Walgreens, and many others. There are approximately five years remaining on the ground lease.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the purchaser in the transaction who was a private investor from the West Coast. The seller was an East Coast real estate investment firm. 

SunTrust Bank has approximately five years remaining on their ground lease that expires September 8, 2019. This is a strong performing branch with above average deposits. SunTrust Bank is an investment grade rated company with a Standard and Poor’s rating of BBB.

“The market for bank ground leases is at historic low levels” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Core market single tenant assets with solid real estate fundamentals continue to be in the greatest demand.”

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 $1.8 billion of single tenant net lease real estate transactions. From 2011-2013, 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

For Sale | Arby's Ground Lease | The Boulder Group

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Arby’s ground lease property located within the St. Louis MSA. The property is located within a strong retail corridor along Manchester Road, a primary east-west thoroughfare. There are over ten years remaining on the Arby’s ground lease that expires on November 14, 2024. The lease features 10% rental escalations every five years. The lease is guaranteed by the largest Arby’s franchisee, US Beef Corporation, which operates over 320 locations.

The 43,562 square foot Arby’s property is located along Manchester Road, a primary east-west thoroughfare that experiences traffic counts in excess of 20,000 vehicles per day. Manchester Road runs parallel with Interstate 64 connecting the city of St. Louis with its’ western suburbs. The surrounding area is densely concentrated with commercial buildings providing high barriers to entry. Additionally, the property is located less than one and one-half miles from the intersection of Interstate 64 and Interstate 170, which experiences traffic counts in excess of 300,000 vehicles per day. The surrounding area is densely populated with over 107,000 people living within a three mile radius earning average annual household incomes in excess of $93,000. The Arby’s is an outparcel to an Office Depot and Ace Hardware anchored center. The property is located approximately one and one-half miles from the Saint Louis Galleria, a 1.2 million square foot mall that is anchored by Apple, Nordstrom, Macy’s, and Dillard’s. Additional retailers located nearby include Whole Foods, Target, Walmart Supercenter, Sam’s Club, Lowe’s, Home Depot and Schnucks.

The Arby’s ground lease has over ten years remaining and features 10% rental escalations every five years. There are four 5-year renewal option periods. The lease is guaranteed by US Beef Corporation, the largest Arby’s franchisee with over 320 locations.  

http://www.bouldergroup.com/NNN-Properties-For-Sale.html

Ground Lease For Sale | Walmart

The Boulder Group is pleased to exclusively market for sale a rare single tenant Walmart ground lease located in the Chicago MSA. The 132,695 square foot building is located on a 9.82 acre parcel within a dominant retail destination. The Walmart anchors Pointe Plaza, a 330,000 square foot development located in an affluent area north of Chicago. Walmart has approximately ten years of lease term remaining on their ground lease that expires in March 2024. The lease features rental escalations in each of the seven 10-year renewal option periods. Walmart is a publicly traded company (NYSE: WMT) with a market capitalization in excess of $240 billion and is an investment grade rated company (S&P: AA). 

The Walmart property is located within an affluent area just north of Chicago. Average household incomes within a one mile radius are in excess of $107,000 annually. Additionally, there are approximately 700,000 people living within five miles earning average household incomes in excess of $80,000 per year. The property is located along West Touhy Avenue, a heavily trafficked east-west thoroughfare that experiences traffic counts in excess of 35,000 vehicles per day. The property is located less than one mile from a full interchange with Interstate 94, which experiences traffic counts in excess of 153,000 vehicles per day. The immediate area is dense providing for high barriers to entry.

The Walmart is well located within one of the dominant retail destinations of Chicago’s northern suburbs. The Walmart anchors Pointe Plaza, a 330,000 square foot development that also features Ross Dress For Less, Walgreens, Fresh Farms International Market, Dress Barn and Babies R’ Us. Directly across the street from Pointe Plaza is Village Crossing, a 450,000 square foot development that features Dick’s Sporting Goods, AMC Theaters, Best Buy, Michael’s, Bed Bath & Beyond and many other national retailers. Jewel-Osco is also located across the street from the Walmart. Other notable retailers in the immediate vicinity along West Touhy Avenue include Target and Costco. This is a 24 hour location and Walmart has a longstanding operating history since 2000. The closest Walmart property is located 5.8 miles away. With convenient interstate access and a large variety of strong retailers, this corridor has the unique advantage of drawing consumers from both the city and suburbs.

Walmart has approximately 10 years remaining on their original twenty-five year ground lease that expires in March 2024. The lease features seven 10-year renewal options with a 10% rental escalation in the first option and 5% rental escalations in each remaining renewal option period. Walmart is an investment grade rated company (S&P: AA) and is publicly traded (NYSE: WMT) with a market capitalization in excess of $240 million. Walmart is the largest company in the world by both number of employees and revenue.

http://bouldergroup.com/NNN-Properties-For-Sale.html

The Boulder Group Arranges the Sale of a Burger King Ground Lease in the Rockford, IL MSA

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Burger King ground lease located at 630 Machesney Road in Machesney Park, Illinois for $880,000.

Burger King is the sole occupant of the 3,501 square foot retail building that is located on a 1.34 acre parcel. Burger King has a long standing operating history at this property and is committed to this location as evidenced by their recent execution of a new twenty year lease. The property is located at a signalized intersection along a primary north-south thoroughfare with traffic counts in excess of 25,000 vehicles per day. Rockford is the largest city in Illinois outside of the Chicago MSA.

Burger King has nineteen years of lease term remaining on their ground lease that features 10% rental escalations every five years. The lease is guaranteed by a successful local franchisee that has been operating at this location since 1986.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was a Midwest based real estate investor and the buyer was a private investor in a 1031 exchange.

“The market for net leased properties priced under $1 million 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, “Passive investors are purchasing ground leases as an inflationary hedge, as most ground leases provide rental escalations throughout the lease term.”

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 $1.7 billion of single tenant net lease real estate transactions. From 2011-2013, 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.

http://www.bouldergroup.com  

The Boulder Group Arranges the Sale of a PNC Bank Ground Lease in the Peoria MSA

 The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant PNC Bank ground lease located at 1996 Freedom Parkway in Washington, Illinois for $1,172,571. This is the third PNC Bank property that The Boulder Group sold in 2014.

PNC Bank is the sole occupant of the 3,501 square foot building that is located on a 1.34 acre outparcel to Walmart Supercenter and Menards. The property benefits from its location at the signalized intersection at the entrance to the development. The property is located along US 24 and within a prime retail corridor that features retailers such as Walmart Supercenter, Menards, Kroger, Tractor Supply, AutoZone, Advance Auto Parts, and Dollar General. This is a successful PNC Bank location as evidenced by the superior branch deposits that are in excess of $100 million. There are over 14 years remaining on the ground lease that expires in December 2028 and features rare 14% rental escalations every five years throughout the primary term and renewal option periods.

PNC Bank is an investment grade rated company with a Standard & Poor’s rating of A- and they have over 2,700 locations. PNC Bank has nineteen years of lease term remaining on an original twenty year ground lease. PNC Bank is a publicly traded company on the New York Stock Exchange (PNC) with a market capitalization of $45 billion.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was a Midwest based individual and the buyer was a private investor from the West Coast.

“The market for bank ground leases is at historic low levels as investors are attracted to the typical long term leases with rental escalations.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “While the majority of single tenant investment activity is focused on core markets, we are starting to see investors focus primarily on the quality of the tenant rather than the top tier locations.”

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 $1.7 billion of single tenant net lease real estate transactions. From 2011-2013, 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.

http://www.bouldergroup.com  

The Boulder Group Publishes Net Lease Bank Research Report

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

Highlights from the report are as follows:

• Cap rates for bank ground lease properties reached their historic low
• Bank ground leases are commanding a 200 basis point premium over the retail net lease market
• Bank ground leases with twenty or more years of lease term remaining experienced compression of 52 basis points

The full report can be viewed online at http://www.bouldergroup.com/Net-Lease-Bank-Ground-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 more than $1.7 billion of net lease real estate transactions through several real estate cycles. From 2011-2013, 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. More information on the firm can be found on The Boulder Group’s website at www.bouldergroup.com 

The Boulder Group Arranges Sale of a McDonald’s Ground Lease in Farmington Hills, MI (Detroit MSA)

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a brand new McDonald’s ground lease located along Grand River Avenue in the Detroit MSA for $1,350,000.

McDonald’s is the sole occupant of the property that features a 4,500 square foot building. The 1.39 acre parcel is located along Grand River Avenue, which experiences traffic counts in excess of 21,000 vehicles per day. The property is benefited by its close proximity to the signalized intersection of Grand River Avenue and Drake Road, which creates consistent traffic near the site.  There are many national retailers nearby including O’Reilly Auto Parts, Panera Bread, Rite Aid, and Bank of America.  The property is fully leased to McDonald’s with twenty years of lease term remaining and escalating rents in both the primary term and renewal option periods.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago based investment firm. The buyer was a high net worth investor in a 1031 exchange based in California.

McDonald’s has twenty years of lease term remaining on an original 20 year ground lease that commenced November 2013. McDonald’s is a publicly traded company on the New York Stock Exchange (MCD), with a market capitalization of $95 billion. McDonald’s is an investment grade rated company with a Standard & Poor’s rating of A and has over 34,000 locations worldwide.

“The market for ground leases with investment grade tenants remains strong as investors are attracted to the typical long term leases with rental escalations.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “The market for McDonald’s ground leases remains active as investors are attracted to investment grade tenanted properties with long term leases under $2 million dollars.”

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 $1.7 billion of single tenant net lease real estate transactions. In 2011 and 2012, 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 Arranges the Sale of a Chuck E. Cheese’s Ground Lease in the Minneapolis-Saint Paul MSA

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Chuck E. Cheese’s (CEC) ground lease located at 445 Commerce Drive in Woodbury, Minnesota for $2,280,701.

CEC is the sole occupant of the newly constructed 15,762 square foot retail building that is located on a 2.34 acre parcel. The CEC is located adjacent to a SuperTarget and will be the most recent addition to the Commerce Hill Shopping Center that also features a McDonald’s, Bruegger’s Bagels, European Wax, Great Clips, and CorTrust Bank. The property is located less than one mile from an Interstate 94 interchange, which experiences traffic counts of approximately 100,000 vehicles per day. The property is positioned in a vibrant retail corridor across the street from a Sam’s Club anchored center.

CEC has fifteen years of lease term remaining on their ground lease that features 10% rental escalations every five years. CEC and its franchisees operate a system of 567 stores located in 47 states and nine foreign territories.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller was a Midwest based developer and the buyer was a private investor from the West Coast.

“The market for net leased properties in major markets 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, “Passive investors are purchasing ground leases as a potential inflationary hedge, as most ground leases provide rental escalations throughout the lease term.”

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 $1.7 billion of single tenant net lease real estate transactions. From 2011-2013, 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.

http://www.bouldergroup.com  

The Boulder Group Arranges the Sale of a PNC Bank Ground Lease in the Milwaukee MSA

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant PNC Bank ground lease located at 12821 West Bluemound Road in Brookfield, Wisconsin for $2,400,000.

PNC Bank is the sole occupant of the recently constructed 4,020 square foot retail building that is located on a 1.18 acre Target outparcel. The property is located along Bluemound Road, a primary east-west thoroughfare that experiences traffic volumes in excess of 41,000 vehicles per day. The property is positioned at the signalized entrance to a new Target and Trader Joe’s development. There are nineteen years remaining on this ground lease that features rental escalations.

PNC Bank is an investment grade rated company with a Standard & Poor’s rating of A- and they have over 2,700 locations. PNC Bank has nineteen years of lease term remaining on an original twenty year ground lease. PNC Bank is a publicly traded company on the New York Stock Exchange (PNC) with a market capitalization of $45 billion.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented both parties in the transaction. The seller was a Midwest based developer and the buyer was a private investor from the West Coast.

“The market for bank ground leases with investment grade tenants remains strong as investors are attracted to the typical long term leases with rental escalations.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Core market single tenant assets with solid real estate fundamentals continue to be in the greatest demand.”

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 $1.7 billion of single tenant net lease real estate transactions. From 2011-2013, 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 Arranges the Sale of a McDonald’s Ground Lease in Harrisonburg, Virginia

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant McDonald’s ground lease located along East Market Street in Harrisonburg, VA for $1,350,000.

The McDonald’s property is strategically located along East Market Street less than a half mile from Interstate 81. The new construction McDonald’s property is located across the street from Valley Mall, which is anchored by JCPenney, Belk, Dick’s Sporting Goods, and Target.  The property is fully leased to McDonald’s and will have twenty years of lease term remaining upon rent commencement. The lease features 10% rental escalations every five years throughout the primary lease term and renewal option periods.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer and the seller in the transaction. The buyer was a trust in a 1031 exchange and the seller was a Southeast based development company.

McDonald’s will have twenty years of lease term remaining upon rent commencement. McDonald’s is a publicly traded company on the New York Stock Exchange (MCD), with a market capitalization of $93 billion. McDonald’s is an investment grade rated company with a Standard & Poor’s rating of A and has over 34,000 locations worldwide.

“The market for ground leases with investment grade tenants remains strong as investors are attracted to the typical long term leases with rental escalations.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “The market for McDonald’s ground leases remains active as investors are attracted to investment grade tenanted properties with long term leases under $2 million dollars.”

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 $1.6 billion of single tenant net lease real estate transactions. From 2011-2013, 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.

http://bouldergroup.com/NNN-Properties-For-Sale.html

The Boulder Group Arranges Sale of a McDonald’s Ground Lease in Illinois

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant McDonald’s ground lease located at 3151 South Dirksen Parkway in Springfield, IL for $766,080.

McDonald’s is the sole occupant of the property that was developed in 1975. The property is located on a 37,409 square foot parcel along South Dirksen Parkway. The property benefits from its proximity to the signalized intersection of South Dirksen and Stevenson Drive, which has a combined traffic count in excess of 32,000 vehicles per day. The property is located one-quarter mile from the Interstate 55 exit ramp.  The property is fully leased to McDonald’s with over four years of lease term remaining.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented both parties in the transaction.  The seller was a private trust based in the Midwest and the buyer was an investor based in Philadelphia.

McDonald’s has four years of lease term remaining on a ground lease that commenced in 1975. McDonald’s is a publicly traded company on the New York Stock Exchange (MCD), with a market capitalization of $96 billion. McDonald’s is an investment grade rated company with a Standard & Poor’s rating of A and they have over 34,000 locations.

“The market for McDonalds’s ground leased properties 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, “As there is a limited amount of long term core assets on the market, some net lease investors are seeking assets like quick service restaurants with shorter term leases.”

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 $1.6 billion of single tenant net lease real estate transactions. For 2011-2013, 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 Arranges Sale of a Wells Fargo Ground Lease in Houston, TX

The Boulder Group, a net leased investment brokerage firm specializing in single tenant assets, has completed the sale of a single tenant Wells Fargo ground lease located at 2005 Taylor Street, Houston, TX for $3,940,000.

Wells Fargo is the sole occupant of the 4,017 square foot retail building that was developed in 2006. The property is located on a 32,947 square foot parcel within a Super Target anchored retail trade area. The property is located approximately two miles northwest of downtown Houston in a dense area with over 168,000 people living within three miles of the property. The lease had thirteen years remaining at the time of sale and features multiple rental escalations in the primary term.

Wells Fargo is an investment grade rated company with a Standard & Poor’s rating of A+ and has over 9,000 locations. Wells Fargo has thirteen years of lease term remaining on an original twenty year triple net ground lease. Wells Fargo is a publicly traded company on the New York Stock Exchange (WFC), with a market capitalization of $230 billion.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the purchaser; a California based partnership in a 1031 Exchange. The seller was a Texas based real estate firm.

“The market for bank ground leases with investment grade tenants remains strong as investors are attracted to the typical long term leases with rental escalations.” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Core market single tenant assets with solid real estate fundamentals continue to be in the greatest demand.”

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 $1.6 billion of single tenant net lease real estate transactions. In 2011 and 2012, 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. The company’s website address is www.bouldergroup.com

The Boulder Group Arranges Sale of an AutoZone Ground Lease in Milwaukee, WI

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant AutoZone ground lease located at 6015 West Forest Home Avenue in Milwaukee, Wisconsin for $925,000.

AutoZone is the sole occupant of the property that was developed in 2004. The property is located on a 27,007 square foot parcel at the southwest corner of the signalized intersection of West Forest Home Avenue and South 60^th Street in Milwaukee. The property is located one mile north of Interstate 894/43, which experiences traffic volumes in excess of 115,000 vehicles per day.  The property is fully leased to AutoZone with eleven years of lease term remaining and has two 10% rental escalations remaining during the primary term of the lease.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a private partnership based in the Midwest. The buyer was a high net worth individual in a 1031 exchange.

AutoZone has eleven years of lease term remaining on an original 20 year ground lease. AutoZone is a publicly traded company on the New York Stock Exchange (AZO), with a market capitalization of $15 billion. AutoZone is an investment grade rated company with a Standard & Poor’s rating of BBB and has over 5,000 locations nationwide.

“The market for ground leases with investment grade tenants remains strong as investors are attracted to the typical long term leases with rental escalations.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “High net worth individuals are attracted to net leased assets as they offer a more favorable return then most financial securities.”

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 $1.6 billion of single tenant net lease real estate transactions. In 2011 and 2012, 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