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 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
Phone: 847-562-0003

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