Net Lease

Boulder Group Brokers $2.8M Sale of Property Net Leased to CVS in Cleveland Heights, Ohio

by Kristin Harlow October 12, 2018

CLEVELAND HEIGHTS, OHIO — The Boulder Group has brokered the $2.8 million sale of a single-tenant property net leased to CVS Pharmacy in Cleveland Heights, an inner-ring suburb of Cleveland. The 10,159-square-foot building is located at the intersection of Monticello Boulevard and Noble Road. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Midwest-based real estate investment company. A West Coast-based real estate partnership purchased the asset. CVS has five years remaining on its lease, which expires in January 2023.

October 12, 2018

Acquisitions Net Lease Northeast Pennsylvania Retail

Marcus & Millichap Negotiates $1M Sale of Net Leased Retail Property in Pittsburgh

by David Cohen October 9, 2018

PITTSBURGH — Marcus & Millichap has negotiated the $1 million sale of a 1,900-square-foot retail building in Pittsburgh. The property, which is located at 2065 Ardmore Blvd., is currently occupied by Dunkin’ Donuts through a 15-year triple net lease agreement. Alan Cafiero and Ben Sgambati of Marcus & Millichap represented the seller, limited liability company, in the transaction. The buyer was a private investor.

October 9, 2018

Acquisitions Illinois Midwest Net Lease Retail

Boulder Group Arranges $10.9M Sale of Property Net Leased to Jewel-Osco in Illinois

by Kristin Harlow September 28, 2018

SUGAR GROVE, ILL. — The Boulder Group has arranged the $10.9 million sale of a single-tenant property net leased to Jewel-Osco in Sugar Grove, a western suburb of Chicago. The 61,301-square-foot building is located on 7.9 acres at 465 N. Illinois Route 47. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a private real estate investment company based in the Southwest. A California-based private investor was the buyer.

September 28, 2018

Acquisitions Illinois Midwest Net Lease Retail

Boulder Group Negotiates $12.3M Sale of Property Net Leased to Jewel-Osco in Bourbonnais, Illinois

by Kristin Harlow September 19, 2018

BOURBONNAIS, ILL. — The Boulder Group has negotiated the $12.3 million sale of a single-tenant property net leased to Jewel-Osco in Bourbonnais, about 50 miles south of Chicago. The 62,000-square-foot property is located at 655 Main St. Renovated in 2016, the property features a drive-thru pharmacy. The lease, guaranteed by parent company Albertsons, has 20 years remaining. Randy Blankstein and Jimmy Goodman of Boulder represented both parties in the sale. A private real estate company based in the Southwest was the seller, while an Australia-based investor was the buyer.

September 19, 2018

Acquisitions Industrial Midwest Net Lease North Dakota

Boulder Group Brokers $5.7M Sale of Property Net Leased to Insurance Auto Auctions in Fargo, North Dakota

by Kristin Harlow September 17, 2018

FARGO, N.D. — The Boulder Group has arranged the sale of a single-tenant property net leased to Insurance Auto Auctions Inc. in Fargo for $5.7 million. The property is situated on 19 acres next to Hector International Airport. There are over 17 years remaining on the lease, which expires in November 2035. Randy Blankstein and Jimmy Goodman of Boulder brokered the sale. An institutional investor purchased the asset from a Southwest-based private developer.

September 17, 2018

Acquisitions Net Lease Retail Southeast Virginia

Calkain Negotiates $15.6M Sale of Property Net Leased to Publix in Northern Virginia

by Camren Skelton September 6, 2018

FREDERICKSBURG, VA. — Calkain Cos. LLC has arranged the $15.6 million sale of a property net leased to Publix in Fredericksburg, a town in northern Virginia. The 49,098-square-foot store, located at 9601 Jefferson Davis Highway, opened in July. The store is located within Cosner’s Corner shopping center, which is home to tenants such as Super Target and Kohl’s. Jonathan Hipp of Calkain arranged the transaction on behalf of the seller, Silver Cos. Publix Super Markets acquired the asset, exercising its Right of First Refusal. The property is net-leased to Publix for 20 years and is the furthest north store for the Lakeland, Fla.-based grocer.

September 6, 2018

Acquisitions Midwest Net Lease Ohio Retail

Marcus & Millichap Brokers $2.2M Sale of Net Leased Retail Property in Harrison, Ohio

by Kristin Harlow August 29, 2018

HARRISON, OHIO — Marcus & Millichap has brokered the $2.2 million sale of an 18,888-square-foot retail property net leased to Tractor Supply Co. in Harrison, about 20 miles northwest of Cincinnati. The property is located at 389 Comfort Drive near I-74. Tractor Supply Co. has operated at the building since 1999. Dan Yozwiak and Justin Fenn of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. The team also represented the buyer, a limited liability company.

August 29, 2018

Acquisitions Illinois Midwest Net Lease Retail

Boulder Group Arranges $13.1M Sale of Property Net Leased to Jewel-Osco in Shorewood, Illinois

by Kristin Harlow August 28, 2018

SHOREWOOD, ILL. — The Boulder Group has arranged the $13.1 million sale of a single-tenant property net leased to Jewel-Osco in Shorewood, about 40 miles southwest of Chicago. The 66,437-square-foot property sits on a 14.5-acre site at the intersection of Brook Forest Avenue and Jefferson Street. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a private real estate investment company based in the southwest. A California-based 1031 investor was the buyer.

August 28, 2018

Acquisitions Net Lease New Jersey Northeast Retail

Encore Real Estate Negotiates $12M Sale of Net Leased Best Buy in Woodland Park

by Kristin Harlow August 20, 2018

WOODLAND PARK, N.J. — Encore Real Estate Investment Services has negotiated the $12 million sale of a net leased Best Buy in Woodland Park. The absolute net corporate-backed lease had four years of term remaining at the time of sale with three, five-year options to extend. Michael Gaggo, Brandon Hanna, Ryan Vinco, and Deno Bistolarides of Encore represented both the buyer, a Midwest based investment fund, and the seller, a California based investment fund.

August 20, 2018

Acquisitions Michigan Midwest Net Lease Retail

Encore Brokers Sale of Property Net Leased to Sherwin Williams in Farmington Hills, Michigan

by Kristin Harlow August 17, 2018

FARMINGTON HILLS, MICH. — Encore Real Estate Investment Services has arranged the sale of a 5,000-square-foot retail property net leased to Sherwin Williams in Farmington Hills. The sales price was not disclosed. Sherwin Williams has 6.5 years left on its lease. Matt Weber, Deno Bistolarides, Brandon Hanna and Ryan Vinco of Encore represented the seller, a California-based limited liability company. A California-based private investor purchased the asset.

August 17, 2018

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