Net Lease

Friday, July 22, 2016

The Boulder Group Arranges Sale of a Single Tenant Net Leased Dollar General Portfolio

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Dollar General portfolio consisting of two properties located in Missouri for $2,625,000.

The portfolio consists of two brand new construction Dollar General properties. The leases have approximately 15 years remaining and are both absolute triple net leases. Dollar General is an investment grade rated company (S&P: BBB) and is publicly traded with a market capitalization in excess of $23 billion.

The portfolio included the following Dollar General properties:

1. 927 US Route 24, Monroe City, MO

2. 103 N 25^th Street, Bethany, MO

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a southeast based institution. The purchaser was a private investor in a 1031 Exchange based in Missouri.

“The market for new construction net leased dollar 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, “The market for new construction net leased dollar stores remains active as these assets offer investors long term leases to investment grade rated tenants.”

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

Tuesday, July 12, 2016

Join The Boulder Group at the Net Lease Summit Conference in Chicago

http://www.cvent.com/events/2nd-annual-net-lease-summit/event-summary-8f7161afc756477282d0bb6311e1f37e.aspx?lang=en&sms=4&refid=2013Tri-Housing

Monday, July 11, 2016

The Boulder Group Arranges Sale of Triple Net Leased Family Dollar

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Family Dollar located at 19132 State Route 52 in Metamora, IN for $1,465,000.

The newly constructed Family Dollar is located along US Route 52 which is the primary thoroughfare in the trade area. The property is approximately fifty miles northwest of Cincinnati and seventy miles southeast of Indianapolis.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a Midwest based developer. The purchaser was a Midwest based private investor in a 1031 Exchange.

The new Family Dollar lease is for fifteen years and expires in June 2031. The absolute triple net lease features no landlord responsibilities and six 5-year renewal option periods. Family Dollar Stores, Inc. is the second largest dollar store chain in the United States, operating 8,100 stores across 46 states.

“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, “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

Friday, July 1, 2016

The Boulder Group Publishes 2nd Quarter Net Lease Market Research Report

The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 2nd quarter activity in the National Net Lease Market.

Highlights from the report are as follows:

Cap rates for net leased retail properties remained at the previous quarter’s historic low level
Cap rates for net leased office and industrial properties increased by 5 and 16 basis points respectively
Overall property supply of retail, office and industrial net lease assets increased by 11% from Q1 2016 to Q2 2016

The full report can be viewed online at http://www.bouldergroup.com/media/pdf/2016-Q2-Net-Lease-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 $3 billion of single tenant net lease real estate transactions. In 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. More information on the firm can be found on The Boulder Group’s website at www.bouldergroup.com

Thursday, June 30, 2016

The Boulder Group Arranges Sale of Single Tenant Net Leased Advance Auto Parts

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Advance Auto Parts property located at 1200 West Chicago Avenue in East Chicago, Indiana for $1,530,000. East Chicago is a suburb of Chicago located in Northwest Indiana.

The newly constructed Advance Auto Parts property is strategically located along West Chicago Avenue which is a primary east-west thoroughfare in the trade area. The surrounding area is densely concentrated with commercial buildings and residential homes. The Advance Auto Parts property is ideally situated in a densely populated area with over 82,000 people living within a three mile radius. The immediate trade area features many local and national retailers including Walgreens, PNC Bank, Strack & Van Til Grocers, McDonald’s, Dollar General, Burger King and Citizen Financial Bank.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a Midwest based private developer. The purchaser was a private investor in a 1031 Exchange based on the East Coast.

There are approximately 14 years remaining on the new Advance Auto Parts lease that expires in March 2030. The lease features 7.5% rental escalation in each renewal option period. Advance Auto Parts is the largest retailer of automotive replacement parts and accessories in the United States and is an investment grade rated company (S&P: BBB-).

“The market for net lease properties in major MSAs 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, “The market for new construction net leased auto parts stores remains active as these assets offer investors long term leases to investment grade rated tenants.”

Wednesday, June 22, 2016

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 1855 Hudson Bridge Road in Stockbridge, Georgia for $5,020,000.

The 15,120 square foot Walgreens property is strategically located at the signalized intersection of Hudson Bridge Road and Flippen Road. The property is positioned within a prominent retail destination which features Walmart Supercenter, Kroger, Publix and many other retailers. The Walgreens is positioned less than one mile west of Interstate 75.

Randy Blankstein and John Feeney of The Boulder Group represented the seller and purchaser in the transaction. The purchaser was a California based real estate investment fund and the seller was a South American based family office.

There are over five years remaining on the Walgreens lease which expires August 31, 2021. Walgreens has operated at this location since 2001 and the store features strong reported store sales. Walgreens is an investment grade rated company 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. John Feeney, Vice President of The Boulder Group, added, “Net lease properties with strong residual real estate value are highly sought after amongst the investment community.”

Thursday, June 9, 2016

Featured Speakers at Net Lease Summit Conference

Conference Information

http://www.cvent.com/events/2nd-annual-net-lease-summit/event-summary-8f7161afc756477282d0bb6311e1f37e.aspx