OnTheBorderStCharles

The Boulder Group Brokers $2M Sale of On The Border Restaurant in Chicago MSA

by Danielle Everson

ST. CHARLES, ILL. — The Boulder Group has brokered the $2 million sale of a single-tenant, net lease On The Border restaurant property in St. Charles. The property is located at 3050 E. Main St. The 6,488-square-foot building is adjacent to The Quad St. Charles Mall. Von Maur, Carson Pirie Scott and Kohl’s anchor the 775,000-square-foot mall. On The Border has fifteen years remaining on its recently signed absolute-net-lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented both the buyer and seller. The buyer was a private high net-worth investor based in the Midwest. A Southeast-based private investment firm sold the property. On The Border is a privately owned Tex-Mex casual dining restaurant that operates more than 160 locations.

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