The Boulder Group Arranges Sale of Single Tenant Net Leased Walgreens

Northbrook, IL – February 2, 2017 – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 3505 University Blvd W in Jacksonville, Florida for $5,150,000.

The 13,905 square foot Walgreens is strategically located at the heavily trafficked signalized intersection of University Boulevard W and St. Augustine Road. University Boulevard W is the primary east-west thoroughfare in the trade area. Retailers located in the immediate area include Publix grocery store, TJ Maxx and LA Fitness. Additional retailers located in the surrounding trade area include Winn-Dixie, Restaurant Depot, Bank of America, AutoZone, Fifth Third Bank, McDonald’s, Whataburger and Dollar Tree.

Walgreens is committed to this location as evidenced by their recent execution of a 10 year lease extension. The Walgreens lease expires August 31, 2026 and features eight 5-year renewal option periods. Walgreens is an investment grade rated company with a Standard & Poor’s rating of BBB.

More

SHARE
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

Contact:

Phone: 847-562-0003

Previous articleMortgage Applications Decrease in Latest MBA Weekly Survey
Next article55+ Housing Market Ends Fourth Quarter on Record-High