The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased NTB property located at 7808 Preston Road in Frisco, Texas for $3,150,000.
The 6,759 square foot property is positioned along Preston Road (47,600+ VPD), which is a primary north/ south thoroughfare. Preston Road is a retail corridor surrounded by a large volume of residential housing. Tenants occupying the corridor include Kroger, ALDI, Walmart, Kohl’s, CVS Pharmacy, McDonald’s, Starbucks, Dunkin’, CubeSmart Self Storage, and Many more. There are 280,656 people living within five miles of the property with an average annual household income of $153,485. Frisco, Texas is 30 miles north of Dallas, Texas, the center of the 4th largest MSA in the United States for population size.
Today, NTB operates over 600 locations and specializes in fluid services (oil changes, brake fluid exchange, coolant exchange, and transmission fluid exchange), battery services, wiper blades, steering & suspension services, and vehicle inspections. Their parent company, TBC Corporation, also owns Tire Kingdom®, Big O Tires®, and Midas®.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction who was a southwest based institutional real estate investment firm. The buyer was involved in a 1031-exchange and is based out of the southwest.
“Nationally recognized brands with corporate guaranties are some of the most sought-after net lease products,” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Income tax free states like Texas are hot spots for net lease 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 $6 billion of single tenant net lease real estate transactions. From 2012-2020, 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