The Boulder Group Arranges Sale of Single Tenant Dollar General Property in the Augusta, GA MSA
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the single tenant net lease developer in the transaction.
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September 8, 2011 (FPRC) -- The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Dollar General property located in Grovetown, GA for $987,000. The 9,100 square foot building sits on a 1.32 acre parcel and is 100% leased to Dollar General on a long term basis.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the developer in the transaction. The buyer was a private investor based in New Jersey and the seller was a private developer based in Georgia.
“Newly constructed Dollar General properties remain in high demand as they offer investors an attractive yield combined with no landlord responsibilities” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Our private investors are attracted to Dollar General properties as there are few tenants of this financial quality that execute fifteen year leases that are offered near the million dollar price point.”
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 more than $1.2 billion of single tenant net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. More information on the firm can be found at www.bouldergroup.com
Send an email to Randy Blankstein of The Boulder Group
847-562-8500
Keywords:
single tenant, triple net, net lease
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