The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Family Dollar located at 110 West Oak Street in Fairbury, IL for $1,314,088.
The 2015 constructed Family Dollar is strategically located along the trade areas primary east-west thoroughfare, West Oak Street. The Family Dollar lease has roughly fourteen years remaining on their lease. The triple net lease features no landlord responsibilities and a 10% rental escalation in the primary term. The lease features 10% rental escalation in each of the six 5-year renewal option periods.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the purchaser in the transaction; a Midwest based real estate investor in a 1031 exchange. The seller was a Midwest based developer.
Family Dollar was acquired by Dollar Tree and is a wholly owned subsidiary of Dollar Tree. Dollar Tree is publicly traded on the NASDAQ (DLTR). Family Dollar is the second largest dollar store chain in the United States, operating over 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.
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