The Boulder Group, a net leased investment brokerage firm, completed the sale of a net leased KFC & Taco Bell property located at 3028 Reflection Drive in Naperville, Illinois for $1,985,000.
The 2,982 square foot property benefits from its position along Reflection Drive (38,369 VPD) which is a primary north and south thoroughfare. The property is well positioned in a retail corridor with tenants such as AMC, Jewel-Osco, Amazon Fresh, Crumbl, Chipotle, Starbucks, and ALDI. The property is also within close proximity to Neuqua Valley High School. There are 215,945 people living within five miles of the property earning an average annual household income of $166,398.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction who was a Midwest based real estate investor in a 1031 exchange. The seller was a southeast based real estate company.
The tenant recently signed a new 15-year lease. The lease features renewal options with 10% rental escalations every five years. This was a great opportunity to acquire irreplaceable real estate. Taco Bell & KFC are wholly owned subsidiaries of Yum! Brands, Inc. The company is an American fast food corporation listed on the Fortune 1000. Based in Louisville, Kentucky, Yum! is one of the world’s largest fast food restaurant companies.
“Single tenant QSR properties continue to garner significant interest amongst investors” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Well located assets in affluent markets are at the forefront of 1031 exchange investor’s acquisition criteria.”
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 2012-2021, 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