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 2^nd quarter activity in the National Net Lease Market.

Highlights from the report are as follows:

• Net lease property supply increased across the board
• Activity heavily focused on core offerings
• Walgreen’s, CVS and McDonald’s cap rates compressed
• Banks and Drugstores remain the most sought after assets

The full report can be viewed online by clicking here

The Boulder Group is a boutique investment real estate service firm specializing in 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 participated in the acquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. More information can be found on The Boulder Group’s website at www.bouldergroup.com

Triple Net Leased ConocoPhillips Property Sold By The Boulder Group

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased ConocoPhillips property located at 10 S. Randall Road in Algonquin, IL for $5,176,000.

The 43,429 SF parcel was originally developed in 1995. The property is located at the intersection of Randall Road and Algonquin Road in northwest suburban Chicago. The single tenant property is leased on a triple net basis to ConocoPhillips with thirteen years remaining on the lease term.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago based partnership. The purchaser was a private high net worth investor from Atlanta.

“Single tenant properties in major metros with long term leases and annual escalations remain in high demand in the current marketplace” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “The continued transaction volume in the single tenant marketplace remains strong with investors nationwide.”


About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in 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 participated in the acquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. The company’s website address is www.bouldergroup.com

Single Tenant Net Leased Advance Auto Parts in the Atlanta MSA Sold by The Boulder Group

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Advance Auto Parts property located at 2520 Sandy Plains Road in Marietta, GA for $1,345,000.

The 6,271 square foot building was redeveloped in 2011 on an outparcel to Sprayberry Square Shopping Center which is located in the Northwest suburbs of Atlanta. The single tenant property is leased on a net basis to Advance Auto Parts for a 15 year term. Advance Auto Parts has an investment grade rating of BBB- by Standard and Poor’s.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer, a Midwest institutional investor. The seller was a local developer based in Atlanta.

“Investment grade tenants such as Advance Auto Parts remain in high demand today as the majority of single tenant investment activity is focused on top tier tenants” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Assets located in primary metropolitan areas, such as Atlanta, are where the majority of transactions are occurring in the single tenant net lease marketplace.”

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in 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 participated in the acquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. The company’s website address is www.bouldergroup.com

The Boulder Group Sells Single Tenant Net Lease Save-A-Lot in Chicago

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Save-A-Lot property located at 63^rd and South Calumet Avenue in Chicago for $2,290,000. The 16,290 square foot building is fully leased to Save-A-Lot on a long term basis.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago based developer. The purchaser was a private high net worth investor from New Jersey.

“Urban net leased properties in top tier metros remain in high demand for passive real estate investors” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Save-A-Lot is one of the most aggressively expanding tenants and this transaction represents the demand for grocery tenanted properties.”

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in 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 participated in the acquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. The company’s website address is www.bouldergroup.com

Single Tenant Net Leased PNC Bank Property Sold in the Chicago MSA by The Boulder Group

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased PNC Bank property located at 5745 Northwest Highway in Crystal Lake for $2,675,700. The 3,216 square foot building is fully leased on a long term basis to the investment grade rated bank.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer and seller in the transaction. The seller was a Chicago based private partnership. The purchaser was a private high net worth investor from suburban Chicago.
“Single tenant bank properties remain one of the most highly sought after assets today from net lease investors” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “There continues to be a premium for properties in top tier markets with investment grade tenancy. ”

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in 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 participated in the acquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. The company’s internet address is www.bouldergroup.com

Citizens Financial Bank Ground Lease Sold

(Northbrook, IL -April 21, 2011)- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Citizens Financial Bank property located in St. John, IN for $1,619,718. The 36,258 square foot parcel is 100% leased on a long term basis to the publicly traded bank.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago based partnership. The purchaser was a private high net worth investor from Canada.
“Bank ground leases with long term leases remain in high demand for net lease real estate investors” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “The above average rental escalations combined with the property’s location within the Chicago MSA attracted multiple prospective buyers.”

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in 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 participated in the acquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. The company’s internet address is www.bouldergroup.com