Net Lease

Friday, June 26, 2015

The Boulder Group Arranges Sale of a Net Lease Advance Auto Parts

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Advance Auto Parts property located at 3508 North Main Street in Taylor, TX for $1,978,326.

The brand new Advance Auto Parts building is located across the street from a Walmart Supercenter anchored development. The property is positioned along the area’s primary north-south thoroughfare. Retailers located in the immediate vicinity to the property include HEB, Walgreens, CVS and Chase Bank.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a Southeast based commercial real estate developer. The purchaser was a private individual based in the Southwest in a 1031 exchange.

Advance Auto Parts has 15 years remaining on their absolute net lease. The lease features 5% rental escalations in each renewal option period. Advance Auto Parts is an investment grade rated tenant with a Standard & Poor’s rating of BBB-.

“The market for new construction net leased auto parts stores remains active as these assets are highly sought after amongst private investors.” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “The market for net lease properties in Top MSAs remains active as these assets are also 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 $2.1 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

Tuesday, June 23, 2015

The Boulder Group Arranges Sale of Net Leased Walgreens Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens store located at 630 Blanding Boulevard in Orange Park, Florida for $2,900,000.

The short-term Walgreens property is located in Orange Park, FL, a suburb of Jacksonville. The Walgreens is positioned at a signalized intersection along Blanding Boulevard, the primary north-south thoroughfare in the area which experiences traffic counts in excess of 60,000 vehicles per day. The surrounding area features numerous national retailers including BJ’s Wholesale, Walmart, Publix, Ross Dress For Less and Lowe’s.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the purchaser in the transaction; a Midwest based high net worth individual in a 1031 Exchange. The seller was a Florida based individual.

There are approximately two years remaining on the Walgreens lease which expires in January 2017. The lease features eight 5-year renewal option periods. Walgreens is an investment grade rated tenant with a Standard and Poor’s rating of BBB.

“Well located single tenant assets with solid real estate fundamentals continue to be in the greatest demand.” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Properties in “income tax free states” continue to be in the great demand among private investors.”

Randy Blankstein, President of The Boulder Group, to Chair Midwest Net Lease Summit Conference

Randy Blankstein, President of national net lease advisory firm The Boulder Group, will be the conference chair of Midwest Real Estate News Magazine’s Midwest Net Lease Summit Conference in Chicago on August 19th, 2015. Additionally, he will be moderating a panel at the conference discussing the State of the Net Lease Market.

The conference description is as follows: This key industry event and networking opportunity will draw the biggest names in the net lease, sale leaseback and 1031 Exchange markets. Industry experts will discuss the latest trends, financing options and market conditions in the industry. It's your chance to get the latest information and network with the leading players in this sector.

About Randy Blankstein

Randy Blankstein is the founder and President of The Boulder Group a boutique investment real estate services company that specializes in single tenant net leased properties. Mr. Blankstein is recognized nationally as a leader in the net lease market, and has personally arranged several billion in net lease related acquisitions and dispositions in his 24 year real estate career.

Randy received honorable mention for the 2014 Net Lease Executive of the Year by Commercial Property Executive Magazine.

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 $2.1 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. The firm’s website is www.bouldergroup.com

Thursday, June 18, 2015

Chicago Net Lease Property For Sale | The Boulder Group

The Boulder Group is pleased to exclusively market for sale a single tenant AutoZone property located within the Chicago MSA. The property is strategically positioned along a primary north-south thoroughfare amongst many national retailers. The AutoZone lease has over eleven years remaining and expires in November 2026. The absolute triple net lease features 10% rental escalations in each of the four 5-year renewal option periods. AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories in the U.S. The company is publicly traded on the New York Stock Exchange (AZO) and is investment grade rated (S&P: BBB).

The 7,360 square foot AutoZone is strategically located along Douglas Road just north of its intersection with US Route 30. Douglas Road is a primary north-south thoroughfare in the area which experiences traffic counts in excess of 22,000 vehicles per day. The surrounding area is densely populated with approximately 110,000 people living within a three mile radius of the property. Additionally, there are over 240,000 people living within a five mile radius earning average annual household incomes of approximately $85,000. The immediate area features numerous retailers including Jewel-Osco, Walgreens, Fifth-Third Bank, BMO Harris Bank, Goodrich Kendall 10 Theater, McDonald’s and Associated Bank. Further contributing to the strength of the area is its proximity to the Caterpillar manufacturing plant which employs over 2,500 people.

AutoZone is poised for future success due to the aging supply of vehicles on the road. A recent report by R.L. Polk & Co. and IHS Automotive shows that the average age of vehicles on the road has increased to 11.5 years. Additionally, the amount of vehicles over 12 years old is expected to increase 15% by 2019. AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories in the U.S

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

Thursday, June 4, 2015

Randy Blankstein, President of The Boulder Group, to Co-Chair IREI Triple Net Lease Investor Strategies Conference

Randy Blankstein, President of national net lease advisory firm The Boulder Group, will be the conference co-chair of Institutional Real Estate, Inc.’s Triple Net Investor Strategies Conference in New York on June 16^th, 2015. Additionally, he will be moderator for the Exit Strategies panel that will be a part of the conference.

The conference description is as follows: Triple Net Investor Strategies is designed to provide insights into strategies, opportunities, trends and risk management for the investor community in a forum that connects these investors with owners, operators, developers and other key players in an interactive environment.

About Randy Blankstein

Randy Blankstein is the founder and President of The Boulder Group a boutique investment real estate services company that specializes in single tenant net leased properties. Mr. Blankstein is recognized nationally as a leader in the net lease market, and has personally arranged in excess of $2.1 billion in net lease related acquisitions and dispositions in his 24 year real estate career.

Randy received honorable mention for the 2014 Net Lease Executive of the Year by Commercial Property Executive Magazine.

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 $2.1 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. The firm’s website is www.bouldergroup.com

Thursday, May 28, 2015

The Boulder Group Arranges Sale of Net Leased Walgreens Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Walgreens property located at 2261 South Sterling Avenue in Independence, MO for $4,675,000.

The 18,000 square foot Walgreens building is located at the heavily trafficked signalized intersection of East 23rd Street and South Sterling Avenue, which experiences traffic counts in excess of 42,000 vehicles per day. The Walgreens is located along East 23rd Street; the primary east-west thoroughfare in the area which has a full interchange with Interstate 435 approximately two miles west of the property. The surrounding area is densely concentrated with commercial buildings providing high barriers to entry. There are over 66,000 people living within a three mile radius of the Walgreens.

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

There are over five years remaining on the Walgreens lease which expires in January 2021. The lease features eight 5-year renewal option periods and no landlord responsibilities. This is a proven location for Walgreens as they have successfully operated at this location since 1999. Walgreens is an investment grade rated tenant with a Standard and Poor’s rating of BBB.

“Well located single tenant assets with solid real estate fundamentals continue to be in the greatest demand.” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Drug store properties priced below $5,000,000 are in the greatest demand amongst private investors.”

Thursday, May 14, 2015

The Boulder Group Arranges Sale of Single Tenant Net Leased Walgreens

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 732 West Old Ridge Road in Hobart, Indiana for $6,093,000.

This Walgreens location has exceptional store sales and is positioned at the hard corner of a signalized intersection. Walgreens has successfully operated at this location since 2001 and recently executed an early ten year lease extension demonstrating their commitment to this location. The 15,120 square foot Walgreens building is strategically located at the signalized intersection of West Old Ridge Road and North Wisconsin Street. West Old Ridge Road is a primary thoroughfare in the market. The property features multiple points of ingress and egress and is easily accessible in all directions. There are over 42,000 people living within a three mile radius of the property.

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

The recently extended Walgreens lease has over 16 years remaining and expires in December 2031. The lease features minimal landlord responsibilities. This is a proven location for Walgreens as they have successfully operated at this property since 2001. Walgreens is an investment grade rated company with a Standard & Poor’s rating of BBB.

“The market for Walgreens properties remains active as investors are attracted to investment grade rated companies with long term leases” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “While single tenant properties are selling in all types of locations; core markets, like the Chicago MSA, are at the forefront of investor demand.”