Exclusive Buyer Requirement | Single Tenant Net Lease Restaurant Portfolios

The Boulder Group is exclusively representing a repeat client looking to acquire single tenant restaurant portfolios entailing the following acquisition criteria:

Type:   Single tenant restaurant portfolios (casual dining and quick service)
Tenants:   Will consider all national tenants, however there is a preference for Arby's, Applebee's, Buffalo Wild Wings, Burger King, KFC, Taco Bell, Pizza Hut and Wendy's
Cap Rate: 5.75% minimum
Location: Nationwide
Remaining Lease Term: 5+ years
Misc: All cash buyer | Will review sale leaseback opportunities

Please send any potential properties to John Feeney (John@bouldergroup.com)

Meet Single Tenant Net Lease Firm The Boulder Group | ICSC Chicago Deal Making | October 19-20 | Booth 301

Stop by booth 301 at ICSC Chicago

The Boulder Group Arranges Sale of a Single Tenant Net Lease Movie Theater Portfolio

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased movie theatre portfolio consisting of three properties located in North Carolina for $15,973,000.

The portfolio consists of three long term leased movie theaters with over 16 years remaining tenanted by Coastal Cinemas, Creekside Cinemas, and Spring Lane Cinemas.  The absolute triple net leases feature annual rental escalations and no landlord responsibilities. Each of the properties is located in strategic retail locations with minimal competition in the surrounding trade areas.

The portfolio includes the following movie theaters:
• The Creekside Stadium 10  
o 605 E Bluemont Road, Mount Airy, NC 27030
• The Spring Lane Stadium 10
o 1351 Douglas Drive, Sanford, NC
• The Coastal Stadium 10      
o 5200 Bridger Road, Shallotte, NC

Randy Blankstein and Jimmy Goodman of The Boulder Group represented both parties in the transaction; The buyer was a high net worth individual in a 1031 exchange and the seller was an institutional investment firm.

The movie theatre leases expire in January 2033 and features 1.75% annual rental escalations throughout the primary term.  The lease guarantor currently operates 25 theatres and 256 screens in New Jersey, New York Pennsylvania, West Virginia, Tennessee, North Carolina, South Carolina, Georgia, and Florida.

“This portfolio offered the investor the opportunity to acquire three entertainment assets all in one geographic region” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Theaters and other entertainment facilities offer investors attractive yields as opposed to typical investment grade retail related assets.”

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 $3 billion of single tenant net lease real estate transactions. From 2010-2015, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by CoStar and Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com

The Boulder Group Arranges Sale of a Single Tenant Net Lease of Movie Theater Portfolio

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased movie theatre portfolio consisting of three properties located in North Carolina for $15,973,000.

The portfolio consists of three long term leased movie theaters with over 16 years remaining tenanted by Coastal Cinemas, Creekside Cinemas, and Spring Lane Cinemas.  The absolute triple net leases feature annual rental escalations and no landlord responsibilities. Each of the properties is located in strategic retail locations with minimal competition in the surrounding trade areas.

The portfolio includes the following movie theaters:

·       The Creekside Stadium 10     

605 E Bluemont Road, Mount Airy, NC 27030

·       The Spring Lane Stadium 10

1351 Douglas Drive, Sanford, NC

·       The Coastal Stadium 10        

5200 Bridger Road, Shallotte, NC

Randy Blankstein and Jimmy Goodman of The Boulder Group represented both parties in the transaction; The buyer was a high net worth individual in a 1031 exchange and the seller was an institutional investment firm.

The movie theatre leases expire in January 2033 and features 1.75% annual rental escalations throughout the primary term.  The lease guarantor currently operates 25 theatres and 256 screens in New Jersey, New York Pennsylvania, West Virginia, Tennessee, North Carolina, South Carolina, Georgia, and Florida.

“This portfolio offered the investor the opportunity to acquire three entertainment assets all in one geographic region” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “Theaters and other entertainment facilities offer investors attractive yields as opposed to typical investment grade retail related assets.”

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 $3 billion of single tenant net lease real estate transactions. From 2010-2015, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by CoStar and Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com

The Boulder Group Arranges Sale of Triple Net Leased Dollar General

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 307 Highway 5 in Logansport, LA for $1,113,685.

The 9,014 square foot Dollar General building is strategically located along Highway 5 which is the primary north-south thoroughfare in the trade area. The surrounding trade area features Dairy Queen, Whataburger, Subway, Brookshire Brothers, Community Bank of Louisiana, Farmers State Bank and Family Dollar.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a local Louisiana based developer.  The purchaser was a Southwest private partnership.

The Dollar General lease has 14 years remaining and expires on July 31, 2030. The absolute triple net lease features no landlord responsibilities and 10% rental escalations in each of the three 5-year renewal option periods.  Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. As of March 23, 2016, Dollar General operated 12,483 stores located in 43 states.

“New construction properties with long term leases to investment grade tenants with rental escalations are the most sought after net lease product” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “The market for new construction net leased dollar stores remains active as these assets are in high demand among private 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 $3 billion of single tenant net lease real estate transactions. From 2010-2015, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by CoStar and Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com

The Boulder Group Arranges Sale of Single Tenant Triple Net Leased Insurance Auto Auctions

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Insurance Auto Auctions, Inc. (IAAI) property located at 891 Ballardsville Road in Eminence, Kentucky for $5,619,000. IAAI is one of the leading North American salvage auto auctions with the largest facility footprint, strong buyer base and high auction returns.

The 30 acre Insurance Auto Auctions, Inc. property is strategically located along Ballardsville Road which is the primary east-west thoroughfare in the trade area. The property is located less than 40 miles east of downtown Louisville, less than 60 miles north of downtown Lexington and roughly 75 miles south of Cincinnati. The property serves customers nationwide but in particular Louisville, Cincinnati and Lexington.

Since first opening the Eminence location in November 2015, IAAI has served both dealer buyers and public buyers.  The company operates 171 locations nationwide and is one of three business divisions of KAR Auction Services, a publicly traded company with a market capitalization in excess of $5.5 billion.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a Southwest based private developer. The purchaser was an institutional investor based on the East Coast.

There are approximately 19 years remaining on the IAAI absolute tripe net lease that expires in November 2035. The lease features annual consumer price index and three 5-year renewal options.

“The market for industrial net lease properties remains active as these assets are in high demand among both institutional and private investors.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “The purchaser was attracted to this property due to its strategic location, positioned to serve three strong markets.”

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 $3 billion of single tenant net lease real estate transactions. From 2010-2015, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com

The Boulder Group Arranges Sale of Net Lease Starbucks Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Starbucks property located at N65 W24950 Main Street in Sussex, Wisconsin for $1,075,000.

The Starbucks property is located at the intersection of Highway 164 and Main Street on the western edge of the Village of Sussex.  The property is shadow-anchored by a highly successful Pick 'n Save grocery store and shares common site access with a North Shore Bank branch.  The property benefits from excellent visibility and simple access.

Randy Blankstein and John Feeney of The Boulder Group represented the buyer in the transaction; a Northeast based partnership in a 1031 Tax Exchange. The seller was a private Midwest based real estate partnership.

There are over six years remaining on the Starbucks lease that expires February 28, 2023. The property is fully guaranteed by Starbucks Corporation and has a 4.5% rental escalation in March 2018. Starbucks is an investment grade rated tenant with a Standard & Poor’s Rating of A-.

“Single tenant Starbucks properties continue to be in great demand with private investors.” said Randy Blankstein, President of The Boulder Group.  John Feeney, Vice President of The Boulder Group, added, “Properties with corporately guaranteed leases and rental escalations throughout remain at the forefront of investor demand because they provide investors with an inflationary hedge.”

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 $3 billion of single tenant net lease real estate transactions. From 2010-2015, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago.  www.bouldergroup.com