Meet Single Tenant Net Lease Firm The Boulder Group | ICSC Chicago Deal Making | October 7-8

Meet Single Tenant Net Lease Firm The Boulder Group | ICSC Chicago Deal Making | October 7-8

http://bouldergroup.bmetrack.com/c/v?e=521EED&c=10CFC&l=4333D45&email=GAuvRMicuxYDXsLlc2AFaKQAs%2BodPYTU&relid=266BCD73

The Boulder Group Arranges the Sale of a Single Tenant Net Leased Safelite AutoGlass Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Safelite AutoGlass property located at 1039 Centre Pointe Boulevard in Pearl, MS for $2,334,000.

The newly constructed 20,317 square foot Safelite AutoGlass property is located in the immediate proximity to Jackson-Medgar Wiley Evers International Airport. The 2.2 acre parcel is located within the Airport Metroplex Commercial Park and is located less than ten miles east of downtown Jackson. The new Safelite AutoGlass lease is for 15 years.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction; a Florida based real estate investment company. The seller was a Texas based real estate development company.

Safelite AutoGlass has 15 years remaining on their absolute net lease. The lease features 10% rental escalations every five years. Safelite AutoGlass is the largest auto glass repair and replacement organization in the United States with annual sales in excess of $1 billion and over 420 locations.

“As there are a limited amount of core assets in the market, some investors are seeking higher yielding assets such as properties leased to non-investment grade tenants.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Properties featuring long term leases with multiple rental escalations throughout the primary term continue to remain 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 $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 Triple Net Leased Dollar General Plus Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Dollar General Plus property located at 1333 East Main Street in Rock Hill, SC for $3,100,000. Dollar General Plus locations are larger than traditional Dollar General stores and have more coolers/freezers to keep more perishable items in stock.

The 3.84 acre Dollar General Plus parcel is located along Main Street approximately one mile from access to Interstate 77. Main Street is a primary thoroughfare that experiences traffic counts in excess of 23,000 vehicles per day. The Dollar General Plus is located approximately 25 miles south of downtown Charlotte. The property is benefitted from its location adjacent to a Bi-Lo anchored development and across the street from a Food Lion. The 12,480 square foot building is a relocation of a previously successful traditional-sized Dollar General store. Due to the success of the previous location, Dollar General elected to build one of their larger format Dollar General Plus stores. There are over 13 years remaining on the Dollar General lease.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction who was a Midwest based real estate investment company. The purchaser was a South Carolina based investor in a 1031 exchange.

There are over 13 years remaining on the Dollar General lease that expires on October 31, 2027. The lease features a rental escalation in the eleventh year and 10% rental escalations in each renewal option period. Dollar General is an investment grade tenant (S&P: BBB-) and is publicly traded (NYSE: DG) with a market capitalization in excess of $19 billion.

“Despite the short term uncertainty of the dollar store sector, there is still strong demand for dollar stores located in top metros with long term leases” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “There were multiple bidders for this asset as this was a rare relocation store combined with the Dollar General Plus concept.

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

Triple Net Walgreens For Sale | The Boulder Group

The Boulder Group is pleased to exclusively market for sale a brand new construction Walgreens property located within a densely populated area of the Chicago MSA. The property replaces a previously successful Walgreens store with strong sales that lacked a drive-thru. The surrounding area is densely concentrated providing high barriers to entry. The Walgreens lease is for twenty years and is estimated to commence in February 2015. Walgreens is an investment grade tenant (S&P: BBB) and is publicly traded on the New York Stock Exchange (WAG) with a market capitalization in excess of $61 billion.

The 61,909 square foot Walgreens property is located along West 95^th Street approximately 15 miles southwest from downtown Chicago. The property is benefitted by its location just off of the prime signalized intersection of West 95^th Street and Southwest Highway, which experiences traffic counts in excess of 71,000 vehicles per day. Interstate 294 is located less than two miles west of the Walgreens property and experiences traffic counts in excess of 131,000 vehicles per day. The surrounding area is densely populated with over 18,000 people living within a one mile radius earning average household incomes in excess of $75,000 annually. Approximately 400,000 people live within a five mile radius of the property. The Walgreens is located approximately five miles south of Chicago Midway International Airport. Chicago Ridge Mall, an 833,000 square foot shopping mall that is anchored by Carson Pirie Scott, Kohl’s, AMC Theatres, and Sears is located approximately three-quarters of a mile to the west of the Walgreens property. Additional retailers located in the immediate vicinity include Home Depot, Bed Bath & Beyond, Michael’s, Office Depot, Pier 1 Imports, First Midwest Bank, and McDonalds.

The Walgreens lease is for twenty years and is an absolute triple net. Rent is expected to commence in February 2015. The brand new construction Walgreens property is a relocation of a previously successful Walgreens store that did not have a drive thru. Walgreens is an investment grade rated tenant (S&P: BBB) and is publicly traded (NYSE: WAG) with a market capitalization in excess of $61 billion.

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

Net Lease Property For Sale | The Boulder Group

The Boulder Group is pleased to exclusively market for sale a single tenant absolute net leased TitleMax property located within the Chicago MSA. The TitleMax property is strategically located in a dominant retail trade area along the main north-south thoroughfare. The property is located in the immediate vicinity to Orland Park Mall, a 1.2 million square foot premium regional mall. There are over seven years remaining on the recently signed TitleMax lease that expires April 30, 2022 and features 2.5% annual rental escalations. TitleMax is a privately held company with over 1,200 locations.

The TitleMax property is located at the signalized intersection of South LaGrange Road and West 144^th Place. South LaGrange Road is the main north-south thoroughfare in the area and experiences traffic volumes in excess of 36,000 vehicles per day. The surrounding area is both densely populated and affluent with approximately 165,000 people living within a five mile radius earning average household incomes in excess of $99,000. The TitleMax is located less than one-half mile from the Orland Park 143rd Street Metra Station, where a 295-unit apartment development was recently completed. Metra is the commuter rail division of the Regional Transportation Authority of the Chicago MSA and serves over 80 million passengers annually. The property is strategically located within a regionally dominant retail corridor. Orland Square Mall, a 1.2 million square foot regional mall that is anchored by Apple, Macy’s, JCPenney, Sears, and Carson Pirie Scott, is located in the immediate proximity to the property. A new Mariano’s grocery store and 231-unit apartment development is expected to open in 2015 that is located two blocks north of the property. Additional retailers located within the immediate vicinity include Walmart Supercenter, Costco, Target, Lowe’s, Whole Foods, Kohl’s, and Jewel-Osco. 

TitleMax has over seven years remaining on their lease that features 2.5% annual rental escalations. There are no landlord responsibilities. TitleMax is a privately held company with over 1,200 locations and has a Standard & Poor’s rating of B.

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

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

The Boulder Group Publishes Net Lease Dollar Store 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 Dollar Store Market.

Highlights from the report are as follows:

• Cap rates for Dollar General, Family Dollar and Dollar Tree properties experienced decreases in cap rates of over 50 basis points
• New construction dollar stores make up 45% of the entire single tenant dollar store sector
• Dollar stores are priced a at 50 basis point discount when compared to the entire net lease retail market

The full report can be viewed online at http://www.bouldergroup.com/Net-Lease-Dollar-Store-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 $1.8 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