Archive for NNN

Sep
09

Net Lease Investors Buy Outside the Core

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Location has always been considered the most important factor in commercial real estate. But top-flight, single-tenant net-lease properties have become so scarce that some investors in that sector have begun looking outside the core markets in their hunt for deals.

The Boulder Group, a net-leased investment brokerage firm specializing in single-tenant assets, has, for example, completed the sales of a single-tenant McDonald’s ground-lease located at the intersection of Wabash Ave. and Archer Elevator Rd. in Springfield, Illinois for $978,260, and a single-tenant Aaron’s property located at 1418 East 4th Ave. in Hutchinson, Kansas for $1,241,000.

“While the majority of single-tenant investment activity is focused on core markets, we are starting to see investors focus primarily on the quality of the tenant rather than the top tier locations,” says Randy Blankstein, president of the suburban Northbrook-based Boulder Group.

READ MORE HERE

Categories : National News
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Aug
14

NNNet Advisors Releases Net Lease Report

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NNNet Advisors is a net lease investment brokerage firm with five offices across the country, including Charlotte. They do a nice report, and their Q2 2013 Single Tenant Net Lease Property Report can be downloaded HERE

Categories : National News
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May
14

Calkain: NNN Casual Dining Cap Rates Declining

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Over the past two years we have seen substantial cap rate compression in the casual dining restaurant subsector. In past years, this sector was typically marked by higher cap rates than the overall net lease retail market – this trend has somewhat abated. The recession hit casual dining hard as many customers cut budgets back and dining out was an easy sacrifice. The lack of net lease product on the market along with a return of economic stability has increased this sector’s desirability. Link to REPORT HERE

Categories : National News
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Sep
11

Mooresville Dollar General Sold

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The Boulder Group, a net leased investment brokerage firm specializing in single tenant assets, has completed the sale of a triple net leased Dollar General property located at 218 East Plaza Drive in Mooresville, North Carolina for $1,472,786

The 9,026 square foot Dollar General was built in 2011 and is located along a heavily trafficked thoroughfare. The building is leased to Dollar General on a net lease basis with 14 years of lease term remaining. The property is located across the street from a Big Lots anchored shopping center and other nearby retailers. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB- and has over 9,300 stores nationwide.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a southeast based developer, in the transaction. The buyer was a private net leased investment fund and self-represented.

Categories : Charlotte
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