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 Net Leased Bank of America Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Bank of America property located at 4200 South Ashland Avenue in Chicago, IL for $5,150,000.

 The Bank of America property is located at the signalized intersection of South Ashland Avenue and West 42nd Street. South Ashland Avenue is a primary north-south thoroughfare with traffic counts in excess of 23,000 vehicles per day. The Bank of America is located in a densely populated part of Chicago with over 30,000 people living within a one mile radius and over 875,000 people living within a five mile radius. The building features rare qualities for an urban Chicago bank property such as five drive-thru lanes and 44 designated parking spaces. There are ten years remaining on the Bank of America lease that expires October 31, 2014.

 Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a Midwest based real estate developer. The purchaser was a Canadian based investor.

 Bank of America has ten years remaining on their net lease that expires on October 31, 2024. The lease features 10% rental escalations every five years throughout the primary term and renewal option periods. Bank of America is an investment grade rated company (S&P: A-) and is publicly traded with a market capitalization in excess of $165 billion.

 “The market for properties occupied by major banks remains active as investors are attracted to investment grade rated companies” 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

Immediate Requirement | Drug Store Properties Wanted For Repeat Buyer

INVESTOR SEEKING SINGLE TENANT DRUG STORE PROPERTIES

The Boulder Group is representing an investor looking to acquire single tenant drug store properties entailing the following acquisition criteria:

Type: Single tenant CVS & Walgreens           Minimum Cap Rate: 5.90%           Minimum Lease Term: 6 Years             Miscellaneous: Free and clear properties only. Will consider leaseholds.                     Contact Information:     Randy Blankstein     847.562.0003     randy@bouldergroup.com

www.bouldergroup.com

Net Lease KinderCare For Sale | The Boulder Group

The Boulder Group is pleased to exclusively market for sale a single tenant net leased corporately guaranteed KinderCare property located within the Green Bay MSA. This is a proven KinderCare location as evidenced by their long and successful operating history and their recent lease extension. In July 2014, KinderCare executed a new ten year lease. The ten year lease expires July 31, 2024 and features a 5% rental escalation in the primary term. KinderCare is the largest for-profit child care provider in the country and operates over 1,600 locations.

The 2.84 acre KinderCare property is situated between Arcadian Lane and Heritage Road. Heritage Road is a main thoroughfare in the area. The property benefits from its location that is surrounded by single family homes. Additionally, the KinderCare property benefits from its proximity to several elementary schools including Altmayer Elementary, Dickinson Elementary, and Heritage Elementary. All three schools have enrollment in excess of 520 students and are located less than two miles from the property. There are approximately 70,000 people living within a five mile radius of the property earning average household incomes in excess of $71,000.

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

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

Net Lease Bank for Sale | The Boulder Group

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Bank of Bartlett property located within an affluent area of the Memphis MSA. The property is strategically located at a heavily trafficked signalized intersection along a primary thoroughfare. The Bank of Bartlett lease has five years remaining and expires November 30, 2019. The absolute net lease features 1.5% annual rental escalations. Bank of Bartlett is a community bank with eight branches and has been operating since 1980.

The one acre Bank of Barlett property is strategically located at the signalized intersection of Poplar Avenue and Kirby Parkway, which experiences traffic counts of approximately 60,000 vehicles per day. Poplar Avenue is the primary east-west thoroughfare in the area. The property is located approximately twelve miles east of downtown Memphis. The surrounding area is affluent with average annual household incomes in excess of $121,000. There are over 217,000 people living within five miles of the property earning average annual household incomes in excess of $81,000. International Paper, a $20 billion publicly traded company (NYSE: IP), is headquartered approximately one-half mile from the Bank of Bartlett property. The surrounding area is densely concentrated with suburban office buildings. St. Francis Hospital, a 519-bed full service hospital, is located approximately one and one-half miles west of the property. A Kroger grocery anchored development is located across the street from the property. Additional retailers located within the immediate vicinity include Target, Best Buy, Sports Authority, Walgreens, Ann Taylor, Hobby Lobby and McDonald’s.

There is potential increase to the residual value of the real estate as ownership is working on having the property rezoned. The property is 1/3 of the way through approvals that would allow up to 10 stories and 0’ setback from the road front as part of the Western Gateway Smart Growth

area. The property is centrally located within the East submarket; Memphis’ largest office submarket with over 8.6 million square feet of office space.

There are five years remaining on the Bank of Bartlett lease that expires on November 30, 2019. The lease features 1.5% annual rental escalations and no landlord responsibilities. Bank of Bartlett is a local bank with eight locations and they have been operating since 1980.

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

The Boulder Group Arranges the Sale of a Net Leased Dollar General Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a new construction single tenant Dollar General property located at 426 Talcottville Road in Vernon, CT for $1,572,794.

The 9,262 square foot brand new construction Dollar General is located on a 1.11 acre parcel along Talcottville Road. Talcottville Road is a primary north-south thoroughfare in the area and experiences traffic counts in excess of 25,000 vehicles per day. There are approximately 50,000 people living within a three mile radius earning average household incomes in excess of $85,000 annually. Surrounding retailers include Aldi, Walgreens, Tractor Supply, and Advance Auto Parts. There are fifteen lease years remaining on the Dollar General lease.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction, California based investment firm.  The seller was a Northeast based developer.

The new Dollar General lease is for fifteen years and features a rental escalation in the primary term and in each renewal option period. Dollar General is an investment grade rated tenant with a Standard and Poor’s rating of BBB- and is also publicly traded on the New York Stock Exchange with a market capitalization in excess of $18 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, “New construction dollar store properties remain at the forefront of investor demand amongst dollar store 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 $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