The Boulder Group, a net leased investment brokerage firm, has completed the sale of a two-tenant net leased center located at 418-20 East Rollins Road in Round Lake Beach, IL for $2,163,087.
The property is positioned at the signalized entrance to a development that features LA Fitness, Kohl’s, Petco and Regal Cinemas. East Rollins Road is a primary east-west thoroughfare which experiences traffic counts of 30,000 vehicles per day.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented both the purchaser and seller in the transaction. The purchaser was a private partnership in a 1031 Exchange and the seller was a Midwest based real estate development company.
Both the Heartland Dental lease and the AT&T lease are for 10 years and feature 10% rental escalations every five years. Heartland Dental was founded in 1997 and operates 100+ locations throughout the Midwest. The AT&T lease is guaranteed by Spring Communications Holding, Inc. which is an affiliated entity of GameStop.
“The market for net lease properties in top 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 purchaser was attracted to this property due to its prime location and the strength of the two 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 2011-2014, 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.
For more information, visit: www.bouldergroup.com
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Address:666 Dundee Road, Suite 1801
Country: United States