Randy Blankstein, President of the Boulder Group, to Speak at Interface Net Lease Conference

Randy Blankstein, President of national net lease advisory firm The Boulder Group, will be a featured speaker at the Interface Net Lease Conference in New York City on September 12th, 2013.

He will be speaking on a panel discussing the net lease investment market and how the continued supply shortage is impacting cap rates and transaction velocity.

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 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 firm’s website is www.bouldergroup.com

The Boulder Group Arranges Sale of a Net Leased CVS Property in Orlando, FL

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant CVS property located at 1201 E Colonial Drive, Orlando, Florida for $2,675,000.

CVS is the sole occupant of the 10,767 square foot retail building that was developed in 1996. The property is positioned at a signalized intersection which experiences traffic volumes in excess of 73,500 vehicles per day. The property is located within close proximity to downtown Orlando in a dense area with over 260,000 people living within five miles. CVS benefits from its location in a retail trade area anchored by three retail power centers; Orlando Fashion Square, Colonial Plaza and Colonial Marketplace. Nearby retailers include Target, Publix, Macy’s, Dillard’s, Bed Bath & Beyond, and LA Fitness. The CVS has a drive-thru and is a strong performing store with a low rent to sales ratio.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the both parties in the transaction; the seller was a private individual based in the Midwest and the buyer was private individual based on the East Coast.

CVS had four years remaining on the initial lease term at the point of sale. CVS is a publicly traded company on the New York Stock Exchange (CVS), with a market capitalization of $76 billion. CVS is an investment grade rated company with a Standard & Poor’s rating of BBB+ that has over 7,400 stores nationwide.

“The market for net leased CVS properties with shorter term leases and strong sales remains active as investors are attracted to the higher yield these assets generate.” 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 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 $1.6 billion of net lease real estate transactions through several real estate cycles. The firm was ranked in the Top 10 companies in the nation for single tenant retail transactions in 2012 by Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago. The company’s website address is www.bouldergroup.com

Net Leased News | The Boulder Group

August 7, 2013 | Commercial Property Executive

Net Lease Property Valuations Steady Despite Treasury Move

http://www.cpexecutive.com/newsletters/capitalmarkets-newsletter/netleasecolumn/net-lease-property-valuations-steady-despite-treasury-move/

Net Lease News | The Boulder Group

August 7, 2013

"An Interesting Moment” for Net Lease Industry

National Real Estate Investor

http://nreionline.com/editorial-videos/blankstein-interesting-moment-net-lease-industry

The Boulder Group in The News

Investors chase net lease properties

http://finance-commerce.com/2013/08/investors-chase-net-lease-properties/

The Boulder Group Arranges the Sale of a Single Tenant AutoZone Ground Lease in the Memphis MSA

The Boulder Group, a net leased investment brokerage firm specializing in single tenant assets, has completed the sale of a single tenant AutoZone ground lease located at 7322 Hacks Cross Road in Olive Branch, Mississippi for $1,075,000.

AutoZone is the sole occupant of the 7,008 square foot building located on a 40,843 square foot parcel. Olive Branch is located 23 miles south of downtown Memphis. The property was built in 2004 and is located one-half mile from Mississippi State Highway 302, which experiences traffic volumes in excess of 20,000 vehicles per day. Located in close proximity to the property are The Whispering Woods Hotel and Conference Center, the newest hotel and event space in northeastern Mississippi, and a recently constructed Walgreens.

The property is ground leased to AutoZone on a triple net basis with approximately seven years remaining. The lease has a 10% rental escalation in the primary term and in each renewal option period. 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 rate company with a Standard & Poor’s rating of BBB and has over 5,000 stores nationwide.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a southeast based partnership. The purchaser was a 1031 exchange investor.

“The market for ground leases remains robust 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, “Properties leased to investment grade rated tenants with scheduled rental escalations like this AutoZone, will continue to be sought after as a hedge against inflation.”

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 arranged the acquisition and disposition of more than $1.6 billion of net lease real estate transactions through several real estate cycles. In 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 a Single Tenant Walgreens Property in Indianapolis, Indiana

The Boulder Group, a net leased investment brokerage firm specializing in single tenant assets, has completed the sale of a triple net leased Walgreens property located at 9240 Rockville Road, Indianapolis, Indiana for $5,700,000.

The 14,820 square foot Walgreens was built in 2003 and is located in Indianapolis, Indiana. The building is situated along a heavily trafficked thoroughfare that experiences traffic volumes in excess of 45,000 vehicles per day. The property is located in a primary retail trade anchored by Wal-Mart, Target, Meijer, Lowe’s, Dick’s Sporting Goods and Bed Bath & Beyond. The building is leased to Walgreens on a net lease basis with 15 years of lease term remaining and is located on a hard corner of a signalized intersection. Walgreens is an investment grade rated company with a Standard & Poor’s rating of BBB and has over 8,200 stores nationwide.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller; a Midwest based developer, in the transaction. The buyer was a Texas based private investment firm.

Walgreens has fifteen years of lease term remaining on an original 25 year triple net lease. Walgreens is a publicly traded company on the New York Stock Exchange (WAG), with a market capitalization of $35 billion. Walgreens is an investment grade rated company with a Standard & Poor’s rating of BBB and has over 8,200 stores nationwide.

“The market for net leased Walgreens remains strong as investors are attracted to investment grade tenanted properties with long term leases.” 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 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 $1.4 billion of net lease real estate transactions through several real estate cycles. The firm was ranked in the Top 10 companies in the nation for single tenant retail transactions in 2012 by Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago. The company’s