(Wilmette, IL- December 12, 2018) – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Texas Roadhouse property located at 2856 Patriot’s Lane in Naperville, Illinois for $3,200,000.
The 7,193 square foot property is located within an affluent area, less than 30 miles west of downtown Chicago. The restaurant is strategically positioned off of the signalized intersection of Route 59 and Aurora Road, two primary thoroughfares in the area. The intersection experiences traffic counts in excess of 64,600 vehicles per day. There are over 76,180 people living within a three mile radius of the property earning an average household income of more than $116,270 per year.
Randy Blankstein and John Feeney of The Boulder Group represented both the buyer and seller in the transaction. The buyer was a private investor based in the Texas and the seller was a private investor based in the Illinois.
“Restaurant properties continue to garner significant interest amongst private investors” said Randy Blankstein, President of The Boulder Group. John Feeney, Senior Vice President of The Boulder Group, added, “Single tenant restaurant properties with proven operating histories continue to garner significant investor interest.”
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 $4 billion of single tenant net lease real estate transactions. From 2012-2017, 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
The Boulder Group