Net Lease

Friday, September 25, 2015

The Boulder Group Arranges the Sale of a Net Lease O’Reilly Auto Parts Store

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a newly constructed single tenant net leased O’Reilly Auto Parts store located at 5618 Treaschwig Road in Spring, Texas for $1,383,964.

O’Reilly Auto Parts is the sole occupant of the recently constructed 6,800 square foot building. The property is benefited by a Kroger grocery anchored center which is located across the street. The O’Reilly Auto Parts is located approximately five miles north of the George Bush Intercontinental Airport which is one of North America’s busiest airports.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction. The purchaser was a high net worth Midwest-based family partnership in a 1031 Exchange and the seller was a national real estate development company.

The O’Reilly Auto Parts lease is for twenty years and features a 6% rent escalation in year 11 and 16. O’Reilly Auto Parts is an investment grade tenant (S&P: BBB) and is publicly traded with a market capitalization in excess of $24 billion.

“The market for new construction net leased auto parts stores 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, “Properties featuring long term leases with multiple rental escalations throughout the primary term remain in 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 $2.4 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

Thursday, September 24, 2015

The Boulder Group Arranges Sale of Net Lease Hooters Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net lease Hooters located at 6904 Argus Drive in Rockford, IL for $1,943,960.

The 4,700 square foot Hooters property is strategically located in a regional retail destination that includes Target, Walmart, Sam’s Club, Lowe’s, Kohl’s and Best Buy. The Hooters is positioned as an outparcel to a Home Depot and is located near Interstate 90.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented both the purchaser and seller in the transaction. The purchaser was a private high net worth investor and the seller was a Midwest based developer.

There are over five years remaining on the corporately guaranteed Hooters lease. The lease features no landlord responsibilities and 10% rental escalations every five years.

“Properties priced below $2 million with corporate guarantees continue to garner significant interest amongst 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 with shorter term leases in strong retail corridors for higher yields.”

Thursday, September 10, 2015

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

http://bouldergroup.bmetrack.com/c/v?e=7DAF04&c=10CFC&t=1&l=38324C3&email=D%2FUH9aIznrRk2G0Ej8DNcUm8YQIRq2J8&relid=

Wednesday, September 2, 2015

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:

· Overall cap rates for Dollar General, Family Dollar and Dollar Tree properties experienced decreases in cap rates of 50 basis points

· New construction Family Dollar properties represent the lowest cap rate in the sector

· Dollar stores are priced a at 10 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 over $2.4 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

Tuesday, September 1, 2015

Stores for sale

Monday, August 31, 2015

The Boulder Group Arranges Sale of a Single Tenant Jiffy Lube Portfolio

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Jiffy Lube portfolio consisting of seven properties located throughout the Indianapolis MSA for $6,620,553.

The portfolio consists of seven corporately guaranteed Jiffy Lube properties located throughout the Indianapolis MSA. All of the properties are located in strong retail corridors. Jiffy Lube has a long standing operating history at each of the seven locations. All of the Jiffy Lube leases have over seven years remaining and expire in November 2022. The leases feature three 5-year renewal options with rental escalations in each. The leases are absolute triple net with no landlord responsibilities.

The portfolio included the following Jiffy Lube properties:

1. 8175 Allisonville Road, Indianapolis, IN

2. 532 N State Road 135, Greenwood, IN

3. 7965 US 31 South, Indianapolis, IN

4. 1495 Keystone Way, Carmel, IN

5. 5444 West 38th Street, Indianapolis, IN

6. 7220 West 10th Street, Indianapolis, IN

7. 7969 Pendleton Pike, Indianapolis, IN

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a Midwest based private partnership. The purchaser was a high net worth foreign investor.

“This portfolio offered the investor the rare opportunity to acquire seven corporately guaranteed Jiffy Lube properties all in one geographic region” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Well located single tenant assets with solid real estate fundamentals continue to be in the greatest demand.”

Monday, August 24, 2015

The Boulder Group Arranges Sale of Net Leased Seasons Inpatient Hospice Facility

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Seasons Inpatient Hospice property located at 2195 West Diehl Road in Naperville, IL for $5,342,857.

The recently constructed 10,342 square foot Seasons Inpatient Hospice facility is strategically located along Diehl Road in the affluent suburb of Naperville. The property is benefitted by its proximity to Interstate 88 and Route 59.

This Seasons Inpatient Hospice location received the last issued license in the state of Illinois for an inpatient hospice facility in an area with a population of 200,000 to 700,000, providing for substantial barriers to entry. Seasons Hospice Inpatient and Palliative Care is a for-profit hospice operator. With the aging population in the United States, the hospice industry is poised for future success. By 2030, the total percentage of the population aged 65 and older is projected to increase by 60% to a total of 20% of all Americans.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a private real estate corporation. The purchaser was a 1031 exchange investor from California.

There are over seven years remaining on the Seasons Inpatient Hospice lease which expires in January 2023. The lease features annual rental escalations and no landlord responsibilities. Seasons Inpatient Hospice is the 4^th largest hospice company in the United States.

“Properties featuring annual rental escalations continue to be highly sought after amongst the investor community as they provide an inflationary hedge” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “We are seeing many investors turn their attention to medical properties as they are highly resistant to e-commerce.”

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 2.4 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