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The Boulder Group Arranges Sale of Single Tenant Net Lease Perkins Restaurant

The Boulder Group Arranges Sale of Single Tenant Net Lease Perkins Restaurant

Northbrook, IL- October 11, 2016 – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Perkins Restaurant & Bakery located at 3005 Highway 10 East in Moorhead, Minnesota for $2,100,000.

Perkins Restaurant & Bakery is located in Moorhead, Minnesota, which is part of the Fargo-Moorhead metropolitan area. Perkins has occupied this site since the structure was built in 1994 and updated in 2004. Perkins is scheduled for a full remodel in 2018. The property is strategically located along Highway 10 East which is a primary thoroughfare in the area and features traffic volumes in excess of 20,000 vehicles per day. The surrounding area features many national retailers including: McDonalds, Tractor Supply Company, K-Mart, and Target.

There are five years remaining on the original 15 year lease with two 5-year renewal options. Perkins Restaurant & Bakery operates 410 restaurants in 33 states and five Canadian provinces.


The Boulder Group

The Boulder Group
Newsroom   Real Estate Research Center

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 $2.1 billion of single tenant net lease real estate transactions. In 2010-2014, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago


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