The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Dollar General located at 714 E Cedar Street in Houston, Minnesota for $1,160,800.
This Dollar General store is a great location with excellent visibility on E Cedar Street in Houston, MN. It is located on the main artery through town with other businesses in close proximity, but no competition in town. The city of Houston is located in the beautiful Root River Valley in Southeastern Minnesota. Houston is a unique combination of a charming, small town feel with modern conveniences.
Randy Blankstein and John Feeney of The Boulder Group represented the seller and the buyer in the transaction. The seller is a Midwest based developer and the buyer was a private investor.
There are fifteen years remaining on the Dollar General lease. The lease features 10% rental escalations in each of the four 5-year renewal option periods. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB. Dollar General operated more than 12,500 stores in 43 states.
“New construction properties with long term leases to investment grade tenants with rental escalations are the most sought-after net lease product,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, “The market for new construction net leased dollar stores remains active as they offer a stable investment at attractive yields.”
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 $5 billion of single tenant net lease real estate transactions. From 2012-2018, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago: www.bouldergroup.com
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Address:3520 Lake Avenue Suite 203
Country: United States